The Indian Machine Tools Industry
Since the advent of the industrial revolution, factories and manufacturers have been the world's biggest energy consumers due to their large scale production needs. India has emerged as a key player in the global machine tools industry and as per a report in 2017, the country is ranked 12th in production and 8th in consumption of machine tools on a global scale.
India is also a leading international hub for various industries and manufacturers in the space of automobiles, auto parts, agro-engineering, FMCG, and many more. Therefore, consumption of energy and therefore the cost that comes with it remains a challenge.
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Why Solar is Necessary for Machinery Manufacturers & Consumers
In most warehouses and factories, machinery manufacturing and processing equipment account for a substantial load, which contributes to high energy spends. Industry decision makers are looking for alternative solutions to mitigate these elevated energy expenses, and solar energy is one such promising solution.
When it comes to the peak energy consumption of manufacturing plants and warehouses, a majority of consumption occurs during the day. This makes solar a near perfect solution as a solar system will be at its peak production during the daytime.
Furthermore, there is immense potential for long term saving benefits as commercial solar systems are extremely economical when it comes to scale. You also have other benefits like AD (Accelerated Depreciation), contribution to the environment that make the decision more lucrative. You can check the savings your business could make with solar by running the MYSUN Solar Calculator.
Key Advantages of Rooftop Solar for Commercial & Industrial Manufacturers
Before considering solar as an option for any business or manufacturing industry, you should understand the key advantages and benefits of going solar:
Assured Return on Investment - Several of MYSUN's clients across India who are business owners, are saving up to 80% on their monthly electricity expenditure by going solar, as it helps offset peak consumption and reduce operational costs by a big margin. There are case studies of industries in Chittorgarh, Rajasthan and Gurugram, Haryana.
Reliability - Solar systems are a low-risk investment with a reliable lifespan of at least 25 years with peak performance. You can opt for a 25-year service guarantee with MYSUN that ensures reliability and the safety of your solar system for the entire tenure.
Flexibility - Rooftop Solar Systems can be installed on different kinds of roofs, and are highly scalable as their capacity can range from 1 kW to more than 1 MW. As warehouses and factories vary from industry to industry, the flexibility to install a rooftop solar system regardless of the size and shape of the rooftop is an added advantage.
Technological development - There are on-going research and development in the world of solar, and further improvements in the technology will only intensify in the near future; doubling or even tripling the electrical generation of solar systems. This will eventually result in much greater savings for industries.
Cost-Effectiveness - It is common knowledge that the cost of going solar today has come down tremendously. In certain areas of the country, the cost from solar is comparable, even cheaper than the cost of energy per unit from coal.
Insulation from rising tariffs - Electricity costs are bound to go up like any other commodity/service. However, with solar you lock your tariff for 25 years, so you are insulated from unwanted surges.
Easy Financing - All said and done, solar is a capital expenditure. However, to make this decision even easier for business owners, MYSUN offers a wide variety of easy financing options that will allow you to pay for your solar system in easy installments, from the savings you make with solar.
Start Your Solar Journey at India Machine Tools Expo
We at MYSUN are committed to providing our customers with the most reliable and premium rooftop solar solutions and services. If you are in the business of machinery manufacturing or consumption, and are looking to steer your business towards greater profits. Rooftop solar is the solution for you.
For any query get in touch with MYSUN Solar Advisors here, and meet us for a detail discussion at the India Machine Tools Show held from 14th to 17th June 2019, at Pragati Maidan, New Delhi, India.
To start your solar journey right away schedule a site survey by clicking below.