Businesses are growing rapidly. And so is competition. And this is leading to thinner margins with every new deal that comes your way. How does one ensure profitability despite all these challenges?
Smarter businesses are constantly striving to figure out innovative ways to stay ahead of competition, reduce costs at every possible opportunity and stay profitable while addressing these challenges.
Power costs are on the rise
If you are into manufacturing, this is a problem that you are only well aware of. Besides the consumption charges at industrial rates, additional units consumed during peak seasons increase your bills dramatically. Increase in electricity tariff every year or so only adds to your costs.
What is the alternative?
Large industrial manufacturers generally produce their own power to reduce consumption from electricity distribution companies. This is done through adoption of a renewable energy source like Wind Energy or Solar. Since the consumption is very high for them, investments in large wind farms makes more sense since the production capacity is higher for wind farms.
However, for companies that have rooftops or vacant areas at their manufacturing facilities, the choice is usually Solar. The primary reason for this is that Solar is very minimal on maintenance compared to Wind Energy, the energy is generated at the site of consumption (meaning minimal or no transmission losses) and can be easily monitored and managed.
How is it beneficial?
While there are a lot of reasons why Solar Energy is the ideal choice for you, here are three points that are compelling enough.
- ROI of your solar plant is about 5-6 years. With benefits like Accelerated Depreciation, and carbon credits, you save more.
- Lifetime of the solar plant is 25 years. So your plant produces FREE electricity (well, almost J) for about 20 years.
- You reduce your carbon footprint and contribute to the environment.
But it’s a huge investment, right?
The investment will depend on your need. You could plan to cater to your full requirement, or plan to reduce costs with a smaller capacity and investment. And if you still find the investment huge, there are various financial models that cater to your needs. We could even build the plant for you and operate it with minimal investment from you through a BOOT model.
How does one go about it?
Speak to an expert! Someone with experience, having executed projects and with the technical expertise. Every client’s requirement is different and every solution needs to be customized to suit their needs.
I would love to have this conversation with you in detail. You can reach out to me with a comment or send me a request to connect and we could discuss in detail. You can also visit our website www.cskwindsolarservices.in