The sun is an essential source of energy for us. It gives light and life. In a way, the sun helped us get to where we are as a society. The sun's energy powers our ecosystem and life itself. Harvesting this energy is beneficial for us! This is where solar panels come in. The invention of solar panels revolutionised our planet. Even though currently they're scarce, solar panels have great potential.
Using the energy of the sun, solar panels are a way to bring around a green revolution. If you’re a businessman seeking green alternatives, solar panels are the best choice for you. They are functional and reduce your carbon footprint by a large amount. Investing in a solar plant right now is smart. Let’s get into the details of what, why, and how.
What is a Solar Plant?
A solar plant is an installation. You can imagine it as a sustainable counterpart of oil and gas power plants. While, solar plants have different variations, we'll be talking about photovoltaic power plants. These power plants are essential to our survival. With the sheer potential of converting sunlight into electrical energy, they make for low-cost power sources. However, such power plants can power entire communities and nearby industries!
The power plants consist of solar cells. These, are generally mounted on top of metal frames in an open area. It allows them to capture the sunlight better. Each solar plant uses an inverter to convert AC energy to DC energy. A battery stores this energy and then relays it to a business. A fuse system is installed in case of voltage fluctuations as well.
The entire system is eco-friendly. That's why solar plants are quite beneficial for your business.
The Benefits of Solar Plants
Solar plants come with a myriad of benefits. Your business could invest in solar power and yield benefits for years to come. Let’s take a look at the top 5 benefits solar energy can offer your business.
Thus, now you know the benefits of solar power. But we’re sure you’re wondering what the cost is like. Let’s decipher how much it costs to set up a solar plant for your business.
The Cost Involved
Solar farms are provided with subsidies by the government of India. This reduces a large portion of your cost. However, it’s because the government seeks to implement renewable energy sources soon. Thus, it’s the right time to invest in solar now.
Let’s take an example to understand the cost of solar power. If your business consumes Rs.2,00,000 worth of electricity, the total cost is Rs. 63,92,045. The government subsidies provide a tax benefit of Rs. 10,86,648 for initial investors in Solar Power. This reduces your net cost to Rs. 53,05,397. Your annual savings amount to Rs. 13,50,000. Additionally, your annual CO2 emissions saved are 2,55,682 KG.
With a payback time of 4 years, solar farms are a viable investment for any businessman. These farms have a minimum life of 15 years. With proper maintenance, it can be extended to 20 years as well! Thus, we recommend you grab the opportunity to invest today!
Where Do I Start?
You can start, at the best firm in the country for solar power, RaysExperts. The company, is seasoned in the solar business. It has financed, set up, operated, and maintained, solar farms across the country. They are trustworthy and reliable when it comes to solar solutions. Check out their website today. You'll get all the answers you're looking for. Give the firm a call, and get yourself invested in a solar farm, today!