How Solar Helps Manufacturing Units Save Money?
How Solar Helps Manufacturing Units Save Money?
Companies in the manufacturing sector have always been looking for functional methods to bring their operational costs down. One of the largest operational expenses for manufacturing companies is energy bills. Electric power rates have been gradually increasing in India. This is where Industrial Solar Rooftop can be a highly fruitful investment option for manufacturing companies looking to secure their profits.
By investing in solar power, manufacturing companies can cut their electricity bills and control their energy usage. This article aims to precisely define how solar energy can bring such benefits to manufacturing companies.
Slash Monthly Energy Bills and Boost Cash Flow – Industrial Solar Rooftop
The expenditure on electricity cuts heavily into manufacturing budgets every month. But with the adoption of the Industrial Solar Rooftop technology, industries will consume less electricity from the mains. Following the installation of the solar technology, industries will produce their electricity at no extra cost.
This is because industrial electricity is obtained directly from the sun at little to no extra cost. Industrial users can generally cut their electricity bills by 50 to 70%. Not to forget quicker depreciation.
Recover Investment Faster Than Expected
Solar is not an expenditure. It is a high-return industrial investment. The payback periods at present range between 3 to 4 years for the majority of solar plants. Once the solar plant investment is paid back, every unit of solar produced is pure profit for the manufacturing plant. The current solar technology is highly durable. It can maintain a consistent solar production for more than 25 years.
This means manufacturing companies have derived the benefits of reduced production costs through solar energy for decades.
Avoiding Peak Load Penalties and Enhancing Energy Control
Industrial units have to pay high peak demand charges during peak usage hours. A solar power system directly cuts the demand on the grid during peak hours. Thus, companies can avoid paying high charges. More importantly, industrial units with storage systems have a continuous power supply and no production stoppages.
This ensures smoother operations and proper workflow control. Industrial units are increasingly opting for Industrial Solar Rooftop configurations with battery solutions.
Rev Savings With Sparco Energy
With 15 years of successful experience, driven by its parent company’s engineering prowess, Sparco Multiplast Pvt. Ltd. has developed over 15 solar power projects with a total capacity exceeding 15MW across the residential, commercial, and industrial segments since 2020.
To begin reducing your energy bills and ensure the future of industrial growth, contact Sparco Energy today for a personal solar energy consultation.