Rooftop solar is among the cheapest sources of power, with nearly 50% lower tariffs than grid charges in many states. The segment’s cost benefits make it an attractive energy option among commercial and industrial (C&I) customers.
The slump in business due to the Covid-19 pandemic has made C&I players realize that going solar is one of the best ways to cut down operational costs.
Energy costs account for around 30%-40% of operational expenses for C&I entities. With solar power prices dropping drastically over the years, it makes sense for businesses to adopt solar to save costs and to keep their businesses afloat in these challenging times.
According to rooftop installers, some of their C&I consumers with net metering facilities who had shut down their facilities during the nationwide lockdown could generate income by supplying the unused power generated by the solar systems back to the grid. Companies affected by the lockdown could sustain their businesses and even pay salaries thanks to the money saved due to rooftop solar systems.
Lowering costs has become more crucial for businesses as increasing revenues is a challenge during challenging pandemic times. There is a renewed interest to go solar among C&I entities with a variety of business models to choose from.
On May 12, 2021, Mercom will host a webinar on “C&I Rooftop Solar – Best Shot at Reducing Operating Expenses.”
You can register for the webinar by clicking here.
The panel includes Damian Miller, Chief Executive Officer, Orb Energy; Lakshminarayanan Sankaran, Vice President, Bangalore International Airport Limited (BIAL); Johnny Christo, Regional Manager – Energy & Utilities GSC, Intel; Kumara Swamy Ediga, Head – Electrical & Controls, Klene Paks.
Priya Sanjay, Managing Director (MD), Mercom India, will moderate the session.
However, rooftop solar capacity additions slowed down to just 719 MW during CY 2020. The segment also grapples with the government’s policy on net metering restricted for loads up to 500 kW.
The webinar will bring together developers and C&I customers to understand how affordable and accessible rooftop solar is despite the challenges.
The webinar’s focus will be on – Financial and installation models for rooftop solar, Affordability among MSMEs, Reasons behind why large businesses extensively opt for rooftop solar, and why rooftop solar?
The audience can engage with the speakers by asking questions relevant to the discussion.
You can register for the webinar by clicking here.
Source : https://mercomindia.com/rooftop-solar-saving-operating-cost-for-businesses-hit-by-the-pandemic/
