In the past, it was hard to imagine how sunlight could be used to harness and transform sunlight into energy usable. However, we’re here! Millions of businesses and households have switched to this renewable energy source to reduce their energy bills.
Solar is particularly well-liked within the MSME segment, which is gaining significant savings on electricity, a lower carbon footprint, and an improved brand image thanks to this resource.
We previously discussed the specifics of the specifics of a 250kW solar system. We’ll now expand on the category of 100kW solar plants. However, before that, we need to know how, as a company, you can gain by investing in solar energy.
Why Should Businesses Invest in Solar Energy?
Cost Savings
The price for electricity in India generally ranges from Rs5-6 for each amount and is increasing steadily. It is a substantial amount of an enterprise’s operating expenses. Solar energy could be the most cost-effective option since the energy source is considerably less expensive and can provide excellent protection against future tariff increases.
Utilizes Unused Spaces
Your business could have access to several untapped areas, such as roofs for buildings or parking lots, roofs, backyards, etc., that could receive plenty of sunshine. You could convert these spaces into energy-generating renewable sources by installing solar panels.
Low Maintenance
Solar PV systems come with longevity. However, they do not require maintenance. It is only necessary to periodically clean the panels to eliminate dust and other debris accumulation. Additionally, most solar inverter manufacturers offer remote monitoring that lets users examine their system’s health and solve minor problems.
Multiple Finance Options
To encourage the use of this renewable energy source and to promote the adoption of this resource, government officials in the Indian government have provided various options for solar financing for companies. If your company wants to become more sustainable but doesn’t have the funds to do so, you could take advantage of the solar loan and leasing.
Improved Goodwill
Investors, Consumers, and other parties opt for companies with a sustainable portfolio. Installing a solar-powered power plant will aid in reducing your business’s carbon footprint and create a sense of community.
Cost of a 100kW Solar Energy System
The price of solar power plants depends on many factors, including the equipment’s type and quality, the location of the plant rooftop orientation and inverter type, the structure for mounting, etc.
A grid-tie system connected to the grid of utilities (if the power is lost, the system will be shut off) is less expensive than off-grid systems that operate independently of the grid. This is because the latter requires battery backup, which increases the initial cost.
However, if you’re seeking an estimate, the price currently for 100 kW of on-grid power will be between Rs50 and Rs55 per watt, i.e., between 50 and 55 lakhs. The customer can recuperate the expense over about 4-5 years.
Energy Generation
If the conditions were ideal, a single kW solar power plant could generate four units of energy each day. Based on this calculation, the power of a 100kW solar system produces:
Daily: 4x 100 = 400 units
Monthly 300 30= 12000 units
Annually: 12,000 x 12= 1,44,000
These figures are based on laboratory conditions gathered from the testing process. Your actual production could be different or higher than the figures above.
Incentives and Benefits
for RWAs, as well as Housing societies. For Housing societies and RWAs, the Indian government provides financial assistance (20 percent of the benchmarking cost) for systems with capacities exceeding 500kW. For industrial and commercial customers, however, there is no subsidy.
However, they can also avail advantages such as the acceleration of depreciation for their solar power plants. This lets them depreciate the solar property more and claim tax advantages.
In addition, for capacities that exceed 1MW, Certain Indian states offer net meters services that allow people to sell any excess electricity back into the grid and then be paid for it.
Area Required for a 100kW
A typical 1kW solar energy system needs about 100 Sq Ft of shade-free area to generate the most efficient amount of energy. So, a 100kW solar system will require 10,000 square. Ft. of roof area or ground.
In the instance of a solar integrated Inroof option, however, 1kW capacity is placed inside 60-65sq.ft area. Solar Roofs such as The Ornate roof can provide more efficient use of space than conventional structures and allow for 26 percent more panels within the same place. The waterproof InRoof structure is the main roof of a system.