The cost of solar panels has fallen drastically. Installing a solar power system at your premises to reduce your energy costs is now easier than ever.
Add the favourable policy environment created by the Indian government to the mix, and you get a good idea of why countless businesses have been switching to solar in the past few years.
Installing a 1 MW capacity plant is a popular choice for small to medium sized businesses, as it is powerful enough to provide the necessary energy for their needs.
But before we get into the specifics of a 1 MW system, let’s understand why businesses across India are increasingly switching to solar energy.
Benefits of Solar Energy for Businesses
1. Cost Saving
Solar energy systems are one-time investments that can help businesses save big on their monthly electricity expenses. Moreover, this independent energy generation will act as a buffer against future tariff hikes.
2. Low Maintenance
Solar plants hardly require any maintenance apart from regular cleaning sessions. Most plants are equipped with remote monitoring systems that provide complete system reports and manual troubleshooting capabilities.
3. Improved Brand Image
The average consumer is environmentally conscious in his/her decision-making. Various stakeholders are also gravitating towards brands with a good sustainability portfolio. Thus, switching to clean energy generation will go a long way in helping businesses establish a greener reputation in the market.
A solar power plant is a fixed-cost asset with an average lifespan between 25-30 years. Through this resource, a business gets free clean energy generation for a long time.
5. Lower Carbon Footprint
Thermal-based energy is not only expensive but also incredibly harmful to the environment. Solar is a locally available, clean energy resource that will allow a business to reduce its power-based carbon emissions.
Cost of 1 MW Solar Plant
The cost of a solar energy system depends on multiple factors like the type of panel used, the brand of solar equipment, the location, the type of installation, roof orientation, etc.
The cost will also vary between the type of system one installs. For example, an off-grid system that is independent of the utility grid requires a battery backup system which increases the overall cost.
However, if we consider an average range then it would fall between ₹45-50/Wp. So, the 1 MW system would have an approximate cost of ₹4.5-5 crores.
In ideal conditions, a 1kW plant generates 4 units in a day. Thus, a 1000kW or 1 MW plant would generate:
4 x 1000 = 4,000 units in a day
4x 1000 x 30= 1,20,000 units in a month
However, it is crucial to note that solar generation can be affected by elements like weather, the orientation of panels, the quality of equipment, location, maintenance, etc.
A solar power plant might generate up to 6 units in a day in sunny weather and as less as 1 unit on rainy days. Thus, it is difficult to approximate the exact generation of a solar power plant.
Incentives Associated with 1 MW Plant
There is no government subsidy for 1 MW capacity. But, the Indian government does provide other benefits such as accelerated depreciation to commercial and industrial consumers. This allows individuals to depreciate their solar power plant at a higher rate and claim tax benefits.
Along with the tax benefit, owners of a 1 MW solar plant can also avail net metering facilities in many Indian states. Consumers can export the excess energy back to the grid and get compensated for it.
Area Required for a 1 MW System
Solar power plants with this capacity are suitable for producing large quantities of power. Due to their size, they are generally installed as ground-mounted systems. Approximately 2.5 hectares (approx. 6 acres) of shadow-free land space is required to set up a 1 MW solar plant.
But. if a business does not have access to this amount of space, they can opt for a solar roof like Ornate InRoof, which provides better area utilization.
Ornate InRoof- An Integrated Solar Roof Solution
Ornate InRoof is a roof made of solar panels. The fully leak-proof structure accommodates 26% more panels and eliminates the need for sheet roofing.
Traditional rooftop solar energy systems require approximately 120sqft of area for 1kW installation. The InRoof achieves the same capacity in an area of 65-70sqft and allows consumers to harness the full potential of their roof space.
Be it a new building construction or old roof repair, the sleek-looking InRoof can be an excellent way to use underutilized spaces such as home or office roofs, factory sheds, parking lots, pergolas, etc.
Leading FMCG brand B.L Agro went with Ornate InRoof to power their new state-of-the-art production facility. The 800kW system that spans over a roof area of 45,000 sqft was commissioned in UP recently.
Other InRoof Advantage
1. A Special climate-resistant seal guarantees 100% protection against water ingress.
2. InRoof is fully customizable and can be adapted to all roof types and designs
3. The structure comes with one of the longest warranties in the industry.
Recent 1 MW Solar Installations
|Arihant Vegoils Pvt Ltd||Latur, Maharashtra||1.5 MW|
|MS Nahar Spinning Mill Limited||Bhopal, Madhya Pradesh||1.5 MW|
|Oswal Woollen Mills Limited||Rajgarh, Madhya Pradesh||1.8 MW|
|Kinetic Engineering Ltd||Ahmednagar, Maharashtra||1.9 MW|
About Ornate Solar
Ornate Solar is India’s leading solar company with 8 years of experience. We have also launched India’s first integrated Solar InRoof, Ornate InRoof. We have a dedicated in-house R&D team that takes care of everything from, ideation, and design, to installation and support.
If you are looking for an InRoof solar solution for your business, reach out to discuss your options and get a quote.
For more information, give us a call at 011 4353 6666.
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