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There are numerous benefits of installing solar panels on factory rooftops, as it's an eco-friendly choice and the best investment you can make for your business. With increasing electricity expenses as well as government incentives, a large number of factory owners are shifting to solar energy in order to save money and reduce carbon emissions. Understanding the factory solar panel installation cost in India, return on investment and setup process helps businesses to make informed decisions.
The factory solar panel installation cost in India relies on various factors such as the type of solar panels, size, roof structure and beyond. On average, industrial rooftop solar system cost per kW is between ₹25,000 to ₹30,000 per kWp in India. However, additional expenses may include wiring, monitoring systems and structural reinforcements for the roof. The benefits of installing solar panels on factory rooftops in bulk often result in reduced per-unit costs, making it more affordable for small-scale factories.
Calculating the return on investment is an important factor for any business. When it comes to solar installations, ROI relies on government incentives, maintenance expenses and energy savings. To calculate ROI, follow the below mentioned steps:
• Find out the total cost of installation.
• Evaluate annual savings on electricity bills.
• Deduct annual maintenance expenses.
• Lastly, divide the net annual savings by the total installation cost to evaluate the payback period.
Before installation, make sure to conduct a detailed roof assessment. Factors such as slope, structural strength, and roof orientation help determine panel placement. For maximum energy generation, south-facing roofs with minimal shading are considered ideal.
Opting for the right solar panels and inverters is one of the most important tasks to do! High-efficiency solar panels tend to produce more power in limited areas, which is particularly essential for factories equipped with smaller rooftop spaces. Moreover, inverters should be able to match the size of the system and manage industrial load fluctuations. Selecting durable and low-maintenance solar systems makes sure that energy generation remains consistent and is able to reduce downtime.
Apart from cost savings, solar panels help factories fulfil their sustainability goals, reduce their carbon footprint, and build brand reputation. In due course, solar energy stabilises operational expenses against increasing electricity costs and provides energy independence. In addition, a well-designed solar system does not demand high maintenance and also provides reliable & long-term power. It helps enhance overall operational efficiency and contributes to a carbon-neutral and sustainable future.
You can also read: Solar Panel Maintenance: How to Keep Panels Clean
Factory solar panel installation in India is a valuable investment that provides long-term environmental and financial benefits. By acknowledging factory solar panel installation cost in India, calculating return on investment, selecting the right solar equipment and adhering to the right setup process, factory owners will be able to grow their business and enjoy low-cost electricity.
Are you considering incorporating solar energy, a sustainable and profitable option, into your business? Get in touch with Zodiac Solar to know more!
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