By: Haem Roy
India has always held a tradition of not just worshipping but utilizing natural sources. From festivals dedicated to the sun and wind to simple methods like sun-dried food. And it is not surprising that India is rapidly adopting solar energy. With the abundance of natural resources, solar is fast becoming the popular as well as cost-effective choice for commercial enterprises.
Why is it a great choice you ask?
1. Control in your hands
Get the power (pun intended) in your hands installing solar right within your premises. You can control not just how much energy you buy from the grid, and how to use that, but also your expenses and your profits; and that is just the beginning. Get ready to rake in the benefits!
2. Being future ready
Installing solar means that you are locking in energy costs not just for now, but also for the future. Most good quality solar projects have a life of 25 years, so you are securing a part of your energy requirement for next 25 years. It is no secret that the price of electricity has been rising year-after-year. For instance, electricity prices in Bihar have recently increased by 55%1. Therefore, best hedge against continuously rising energy prices and energy risk is being Energy Independent.
3. Convenient and easy
Once installed, a solar power system requires very little maintenance. The system will provide electricity quietly and cleanly for 25 to 40 years. Many solar panels carry a 25-year warranty. Any regular checks and maintenance that is required is provided at PowerMarket, and with just a simple sign up post installation, you can leave all of it to us.
4. Flexible Financing Solutions
Now, like any other capital asset, solar can also be adopted using different financing solutions. The following 3 solutions are some of the most common ones:
- Pay up front or self-funded
- Debt financing
As no size fits all, different financing solutions have been offered to suit different customer needs. You can find more information on PowerMarket website about the different financing solutions and whether they are the right fit for you.
5. Saving environment
Everyone is talking about saving the environment but how do you do your bit? Using solar for your business would now not only help you reduce operational costs, but it is also a great way to boost your company’s profile in global social and environmental impact space. Especially, if you are working with clients that have started creating their independent sustainability targets, an increasing number of companies now give preference to supply partners that display conscious effort towards social impact.
You can even measure the social/environmental impact of your potential solar project using the PowerMarket calculator.
Where do I start?
If you are in India, you can go to PowerMarket website and assess whether your space is suitable for solar for FREE. Once you have checked out potential savings, you can sign up to find out how you can buy your customized solar solution and even explore financing options that fit your need. Signing up is free too, and completely spam free, as you only register for what you want.
If you are outside the India or the UK, you can visit us and write to us as we are fast expanding and we will contact you with what we can do for you.
PowerMarket is a product of SunReign Ltd, a UK registered company founded with a mission: sustainable energy for all. PowerMarket, an Oxford University Innovation and European Space Agency supported venture, provides companies end-to-end solar solutions – helping you assess, procure, finance, install and maintain solar energy projects.
If you have a rooftop, carpark or an open field within your business premises, you can evaluate its solar potential for free at https://www.powermarket.net and sign-up for your bespoke solar solution. Or, write to us at firstname.lastname@example.org.