Industrial Solar Systems in India
As a developing country, India is experiencing rapid industrial growth, which is accompanied by high electricity costs. To mitigate these expenses, many industries are turning to industrial solar power systems, especially with the provision of open access in most states. Sectors such as textile, cement, paper, steel, chemical, dairy, and ceramic industries are increasingly adopting solar energy solutions to reduce their electricity bills. By December 2018, industrial establishments accounted for 40% of the total industrial rooftop solar installations in India.
Benefits and Financial Aspects
Industrial solar panels offer a return on investment within 4 to 5 years, especially when high-quality panels are used, as they generate better output compared to inferior ones. These panels can be integrated into both on-grid and off-grid systems, making them an attractive option for industries, even for nighttime power usage.
Electricity Consumption in India
Electricity users in India fall into three main categories: commercial, industrial, and domestic consumers. The industrial sector is particularly significant, consuming 44.2% of the entire electricity generated in the country. In some regions, industrial electricity tariffs can reach as high as INR 10 per unit during peak hours. By using industrial solar panels, businesses can reduce their peak grid loading and avoid high peak-hour tariffs.
Rooftop Solar Installations
Industrial facilities often have ample space for rooftop solar installations, making solar power a viable solution for meeting high electric load requirements. Companies with captive industrial solar power systems benefit from various tax advantages, including depreciation, capital subsidies, and other incentives. Additionally, certain states and union territories mandate that a percentage of the total sanctioned electric load must be generated from solar systems.
Growth and Development
Solar developers in India are actively building solar parks across different states, catering to the energy needs of industries. This focus on industrial solar power has become one of the fastest-growing segments for solar firms in India.
Solar Rooftop Solutions for Industries & Factories
Ztric specializes in high-quality solar plant installations tailored to meet the energy demands of industries. By adopting solar electricity, industries and factories can offset peak consumption, enjoy significant income tax benefits, achieve a return on investment (RoI) of over 30%, and experience a payback period of less than four years.
Industrial facilities typically have ample rooftop space, including metal sheds and RCC roofs, ideal for installing solar PV panels. These solar plants can fulfill a substantial portion of a factory’s electricity needs. Ztric’s installations have enabled industries to save more than 60% on their electricity bills.
Why Industries are Embracing Solar Energy
Industries are increasingly turning to solar energy for their units due to several compelling reasons:
- Reduction in Operational Costs: Installing solar panels significantly lowers energy bills, cutting down substantial operational costs related to energy consumption and lighting.
- Ideal Roof Structures: Factories often feature drastically angled roofs, skylights, and dormers that are perfectly suited for large-scale solar panel installations, enhancing clean energy production.
- Tax Benefits and Subsidies: Government incentives, including tax benefits and subsidies, are major drivers for adopting solar energy.
Benefits of Going Solar for Industries
Solar energy offers numerous advantages across various manufacturing industries, such as food, plastic, textile, building materials, chemicals, cement, and more:
- Significant Electricity Bill Savings: Solar power can meet more than 80% of an industry’s electricity demand, drastically reducing electricity bills.
- Grid-Connected Operations: All machinery can operate on solar power, with the plant connected to the grid for any additional power needs, eliminating the necessity for batteries.
- Versatile Usage: Solar power can be utilized for daily operations, including lighting, ventilation, and powering heavy machinery.
- Optimal for High Peak Loads: Industries with high peak loads and extensive rooftop areas find solar energy to be a perfect solution.
- Environmental Impact: By reducing carbon footprints, businesses contribute to carbon neutrality and environmental sustainability.
To explore our industrial solar rooftop solutions and request a quote, contact US today.
