Solar panels have reached a standard form of saving electricity bills and generate a reliable revenue over time. Among the other tropical regions, India receives reliable sunlight throughout the year. Due to this, many homes and buildings have adopted residential solar development
to generate their electricity and add a new income to the house by passing excess energy to the grid.
However, these benefits are limited to the family or a certain group of people. When the solar panels are installed in commercial buildings, they not only benefit the environment but also add up to smart financial savings. Let’s dive into the blog to explore the top ten benefits of installing solar panels on commercial buildings.
Benefits Of Solar Panels On Commercial Rooftops
Solar panels are not just a regular investment but a smart financial strategy in cutting down the electrical expenses in half, along with protecting the environment. Commercial rooftop solar installation helps in maximising the operational and financial benefits in the office and factories along with enhancing sustainability. Here are the top 10 benefits of installing solar panels on commercial buildings.
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Saving on Electricity Bills
One of the most common expenses in commercial spaces like factories and offices is electricity bills. It remains undeniable even if the business is not running smoothly. Many industrialists in India faced the situation and adapted the solar panel installation as a reliable solution which helps to reduce the expensive electrical bills and sustain monthly savings. When the commercial rooftop is covered with solar panels with an offset grid, the dependence on electrical transformers and other sources can be reduced. Installing solar panels in commercial buildings provides a reliable ROI even within 3-5 years.
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Receive Government Incentives
The Indian government offers numerous schemes and policies for commercial spaces that are enhanced with solar panels on rooftops. Even the government encourages businesses to install and upgrade solar energy by offering reliable subsidies and incentives. The national banks also offer an exclusive loan reduction with low EMI payments for the commercial solar panels, which eventually reduces the cost burden.
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Increase The Property Value
In real estate marketing, the building with the solar panels always catches the eyes of buyers. The whole commercial space with reliable solar panels can easily attract higher market values and more desirable rental partners in no time. Likewise, the solar-equipped commercial spaces will have a high hope in the future, which can stand against the growing pressure for a greener supply chain and push the buyer to desire a solar commercial space over others.
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Reliable Power Supply
It is common in industries to face a sudden electrical shutdown during peak hours. Solar in commercial areas can cut down the dependence on grid supply as it generates its electricity. It helps the factory in critical conditions and ensures business continuity without any issues.
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Present Green Image
A commercial space should take part in every event and follow standards to react to the customers in a better way. Most customers prefer green support factories, as it expresses commitment and care about the environment. This attracts customers and builds a positive brand image among the people. When the factories and offices adapt to solar, they can easily reduce the production of carbon dioxide and other gases and offer an eco-friendly business.
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Low Maintenance
Many factories and industrial units often worry about the maintenance of solar panels on the rooftop. However, the solar panels are designed with reliable materials that require less wear and tear. Many commercial rooftop solar installation agencies offer a free yearly maintenance checkup to ensure maximum energy generation.
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Net Metering
With the net metering standard in Indian states, the excess electricity generated in commercial spaces can be fed back to the grid for credits or cash. The commercial spaces can store the energy in batteries and can be used during peak hours. The excess energy transfer can be an income generator during non-peak periods.
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Corporate Social Responsibility
In the competitive business world, corporate social responsibility is no longer an option. The companies are directly committed to the solar power transition to electricity, address environmental compliance, and push to provide clean energy. Even governments encourage companies to take part in volunteering and statutory obligations to raise awareness among the people.
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Reliable ROI
In business, every investment is considered for a better ROI in the future. Like residential solar development, in commercial areas, installation of solar panels may seem to be expensive at the beginning. However, the investment can be covered within a few years and offers a reliable ROI in the end. As the solar panel material is strong and flexible, it comes with a warranty for 25 years, which defines it as a long-term commitment to work with low maintenance.
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Maximum Longevity
Modern commercial solar panels are highly functional and often come with long warranties and maintenance costs less than 1% of project capital per year. Most systems require only periodic inspection and cleaning, which can be easily maintained and provide exclusive panel and inverter performance.
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Financial Incentives
Like residential solar development subsidies, commercial rooftop solar also received a few tax incentives for businesses. The central government offers credit lines and green bond eligibility to the commercial solar spaces with the target of achieving the energy transition investment. Even some states offer capital subsidies for green financing in certain regions.
What To Consider Before Commercial Rooftop Solar
- Before installing the solar panels on commercial spaces, it is important to check the system size and range of generators and batteries.
- Select the solar panels from the proper registered providers, such as MNRE-empanelled EPC providers, to ensure quality and reliability.
- Choose between outright purchase, which comes with tax benefits, and third-party financing of the material, with low EMI payments and green loans.
Select suitable solar panels for your commercial office and enhance the electricity generation.
Bottom Line
Solar panel installation on the commercial rooftop has enhanced the company’s image, along with generating reliable revenue. If you are looking for a professional company to install solar panels for your commercial spaces, then check with Nyalkaran Energy, which offers exclusive solar panels that can turn your rooftop into a revenue generator. We, Nyalkaran Energy, measure up the rooftop and provide a reliable solar panel installation and commit to offering a better ROI in the industry.
With Nyalkaran Energy’s solar panels, save energy and upgrade your industry image!