Solar Roof Top
India’s chronic energy shortage not only leads to frustrating power cuts throughout the country but also translates into individuals and companies having to spend excessive amounts on diesel generators to ensure backup power. A study carried out by The Federation of Indian Chambers Of Commerce And Industry (FICCI) suggests that 1/3 of all industrial units in the county suffer power cuts for more than 10 hours every week. The same report suggested that more than 61% companies suffered a production loss greater of than 10% due to power cuts. Solar energy either on rooftops or on available ground nearby can prove to be an astute investment providing the comfort of clean-tech energy at a cheaper rate then the prevalent diesel generators.
There are essentially two types of rooftop solar plants depending on the end user of the energy
The solar energy produced during the day can be used directly by the end consumer. The consumer also has an option of using a battery backup to ensure 24/7 power supply from the solar source. Many large companies install their own captive power plants (coal/gas/diesel or renewable) to ensure continuous power supply. Solar PV, with its drastic reduction in costs over the last 5 years, could prove to be a godsend for these energy starved companies. Rising diesel prices and growing uncertainty in coal supplies have ensured that Solar PV is a relatively a highly reliable and consistent source of energy. In addition, the Government’s Jawaharlal Nehru National Solar Mission (JNNSM) and various state policies provide ample benefits for individuals/corporations willing to set up captive solar power plants in form of Capital Subsidy benefits as well as Acceleration Depreciation(AD) benefits.
Feed In Tariff Based Grid Connected Systems
Various Government and State policies are promoting the feeding of energy produced from solar into the grid at incentivized tariffs to ensure additional energy supply at peak hours. This ensures an attractive return on equity for these investments in solar energy with a consistent long-term revenue stream.
With utility electricity prices reaching all time highs, Solar PV can prove to be a highly cost-effective source of electricity for both private consumption and grid-connected systems.
Feasible Energies, along with its large scale deployment & experience of utility scale MW solar power plants has also made great strides in installing more prestigious rooftop/captive projects for our various clients including the ruchi soya industries and Trimex Sands.