Every business needs electricity, whether it’s arecent startup or an industry pioneer and the need of electricity is ever increasing with technology upgradation taking place every moment. Hence, a generator is required which can give unlimited energy to meet every future need. Indefinitely, sun is that unlimited recourse which is being referred to here. To use this energy, we need solar power panel manufacturing industry. Elon musk once said ‘We have this handy fusion reactor in the sky called the sun, you don't have to do anything, it just works. It shows up every day and produces ridiculous amount of power’.
One day, a company decided to grab this opportunity and thus started Solar Power Panel Manufacturers claiming it to be a futuristic business. It is expected that India would generate 100 GW of solar capacity by 2022 and this would lead to an increase in solar panel manufacturers in India. It has its own set of benefits for the businessmen, as follows:
One day, a company decided to grab this opportunity and thus started Solar Power Panel Manufacturers claiming it to be a futuristic business. It is expected that India would generate 100 GW of solar capacity by 2022 and this would lead to an increase in solar panel manufacturers in India. It has its own set of benefits for the businessmen, as follows:
- Decrease operating cost: Solar power helps to reduce cost and thereby increase profit. With electric energy cost increasing day by day (some would even say- more than inflation), installing solar power panels would significantly reduce the electricity cost for the firm and also help to forecast more accurately. It would also decrease the per unit cost of electricity which would help the business to generate more profit. It proves to be a full-proof one-time cost with long-term benefits to reap.
- Environmental and Investment benefit: Annual return on investment of the solar power is another reason to gain your interest. Within five years an organization can earn back their investment amount with minimal risk. So it is approximately 20% of return on investment and it also helps saving tax by deducting depreciation. Companies taking loanfor the business are provided with interest deduction benefit. Lease is a good option for the same, as it also proves to be a gain. Ultimately, the environmental benefit is a known factor. 1 kilowatt energy is equal to 1 ton of carbon emissions and company gets extra benefits from the government in the form of subsidies for leading the society towards sustenance.
- Income from the Sun: After establishing the solar power panel, the organization can sell the extra electricity generated to power stations like torrent. Ever felt grateful for the Sun? Try asking the Solar Panel Manufacturers in India about the same.
