Bengaluru is among the world’s top 10 fastest growing cities with an average economic growth rate of 8.5 per cent. With 40 per cent of India’s IT industry located in Bengaluru, the city is among the most favoured destinations for the sector and other knowledge-based industries.
As a result, the city has an average power requirement close to 6000 MW per day and it is increasing every year. With such immense power requirements, it is only natural for solar energy to be in strong consideration for businesses in the city.
The Potential of Solar Energy in Bengaluru, Karnataka
Bengaluru has great solar energy generation potential. The city has over 1.4 lakh rooftops within its vicinity, and as per a recent survey done by the Bangalore Electricity Supply Company Limited (BESCOM), these 1.4 Lakhs buildings can generate about 2.5 GW of solar power from rooftop solar systems. The potential of solar in the city can be further understood by organizations that have already gone solar in the city. For example, the Bangalore International Airport - which has an installed rooftop solar system of 3.35 MW onto its establishments.
With progressive solar policies in place, Bengaluru based industries can save millions on their monthly electricity bills, in turn improving their bottom line. You can get a quick estimation of your solar savings by running the MYSUN Solar Calculator.
How much Can a Business Based out of Electronic City, Bengaluru, save after going solar?
Electronic city is one of India's largest IT hubs with established operations from a number of leading and emerging start-ups, SMEs and MSMEs. Therefore, power consumption is high and immensely expensive for many of the businesses running here. Making the location an expensive and prime spot for only those businesses that can afford it.
But with the help of solar energy, even new businesses can consider setting up operations in Electronic city, as they can save close to 50 per cent on their power expenditure. Not just this but going solar also helps in reducing carbon emission in the environment, enhances your property value, boosts employee morale and various taxation benefits. With the help of the MYSUN Solar Calculator, here’s an example of how much a business operating in Electronic City can save. Let’s assume that your monthly electricity bill is INR 1,00,000 Lakh and see how much money you can save by going solar:
As per the input values mentioned above, we can estimate that with a 35 kWp solar system which will be generating 50,865 kWh units every year, your commercial business unit in the electronic city can save INR 37,000 every month, multiplying to 4,44,000 INR every year.
And for the next 25 years, the business can expect a lifetime savings of up to INR 1.2 Crores, with a break-even period of 3 to 4 years which means you can run
Not to mention the environmental impact is equivalent to adding 1572 trees and reducing 41 cars off the road; making the world a slightly better and cleaner place to live in.
To learn more about how businesses and industries can benefit from adopting solar energy, and the precautions that should be taken before starting their solar journey, check out - 6 Things that Every Industry Should Consider Before Going Solar.