In the last decade, India’s installed solar capacity has reached an impressive 89.4 GW, making it the fifth-largest country in solar power capacity globally. This development has paved the way for India’s ambitious goal of achieving 500 GW of non-fossil fuel-based energy by 2030.

With the changing landscape for energy consumption, commercial solar panel installation is becoming popular. Commercial solar power systems are transforming how businesses consume energy be it on your rooftop, in the parking lot, or along the side yard. Easy installation and accessibility features of solar panels are making it possible to harness the sun's power from virtually any space.

In this article, we’ll dive into how solar panel installation works and explore the savings that can empower your business forward on the energy consumption front.

How do industrial solar panels work?

Commercial solar power systems absorb heat from sunlight and convert it into electricity that is used for electrical operations. The power generated by these solar panels is sent to an inverter that converts the DC power into AC power similar to the energy sent by the utility grid.
Solar energy can be stored in several ways:

1. Battery Storage

   
   

   The power produced by the sun is fed into electrochemical batteries, which store solar energy. The energy is subsequently released through a reverse reaction, producing usable electricity.

2. Thermal Storage

   
   

   Materials like molten salt or water are perfect for thermal solar power because they absorb and hold onto solar heat, which is then stored in insulated tanks. When sunlight is scarce, this stored energy can be used to provide a consistent power source.

3. Mechanical Storage

   
   

   Excess solar energy is converted by mechanical storage systems into mechanical power, which can then be converted back into usable electricity. Compressed air, pumped storage hydropower, and flywheels are the three primary forms of mechanical storage.

Benefits of Commercial Solar Power Systems

The growing popularity of commercial solar power systems for bringing in financial stability and cost savings for the growing business concerns has changed the landscape of fuel consumption for commercial purposes.

1. Government incentives and subsidies

   
   

   The Indian government has launched several projects to encourage the use of commercial solar power systems for commercial entities. Businesses that install commercial solar power systems can take advantage of many incentives and subsidies from the Ministry of New and Renewable Energy (MNRE), and from programmes such as Solar Energy Corporation of India (SECI). With the help of these incentives, there can be a significant reduction in the installation cost of commercial solar power systems.

2. Increased property value with energy independence

   
   

   Having a commercial solar power system will enhance property value and make a positive impact in terms of cost-saving and energy independence. This means you can use the resources for departments that need the most, relieving the energy consumption to renewable sources.
   Businesses are becoming energy-independent by choosing solar panel installations, that enable them to generate electricity and reduce their reliance on the national energy grid. This can help businesses avoid costly downtime and lost production, particularly at times of high demand or grid outages.

3. Boost your CSR and ESG accountability

   
   

   Solar panel installation is a great step towards showing your business’s commitment to environmental causes, and during these times when the environmental consciousness is reaching its all-time high, adopting solar power for commercial applications is the key.
   Customers nowadays are making conscious and green choices especially when choosing to buy small tickets to high ticket value products. By being upfront about the sustainable choices for your business, you can also attract a strong positive brand image and investors to expand your operations.

4. Scalable, reliable and cost-effective

   
   

   We all are aware of the cost-effectiveness of solar panels and recently with various incentives and subsidies it has even gone down further. It is also eligible for tax breaks that enable it to free up financial resources. The payback period of solar panel installation is 4-5 years and with the cost being recovered businesses can get free electricity for up to 25-30 years.
   Solar energy also reduces dependence on fossil fuels, which are subjected to price fluctuations and supply chain disruptions. In the long run, solar power provides businesses in India with a more reliable and eco-friendly source of electricity.

Go Solar with Truzon Solar- India’s Fastest Growing Solar Company

Solar panel installation in a country like India has a multitude of benefits ranging from cost effectiveness to faster payback periods making businesses energy-independent. Solar energy also contributes to a greener and more sustainable future thus improving the brand reputation. Truzon Solar is one of the prominent solar power companies in India. Our experts assess your requirements and provide custom solutions. Accredited by TSREDCO (Government of Telangana) and MNRE (Government of India) as the No.1 Solar Company for Renewable Energy, we are proud of our many awards and prestigious projects with large corporations, government organizations, CSR programs, and industries across the country.

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Frequently Asked Questions

1. What are the basic steps involved in installing a commercial solar power system?

   
   

   The first step is the site assessment to evaluate the building’s roof, space availability and energy needs to determine the optimal system size. Once the design is approved, installation begins, which involves mounting the solar panels and connecting them to your electrical system.

2. How long does it take to see a return on investment from a commercial solar panel installation?

   
   

   The time it takes to see a return on investment from a commercial solar panel installation is typically around 5 to 7 years. This varies based on factors like your energy usage, local utility rates, the size of your solar system, and any financial incentives you may receive.

3. Are there financing options available for commercial solar panel installations?

   
   

   Yes, businesses can consider solar loans, which allow you to pay for the system over time, or leasing options where you pay a monthly fee to use the system. Another option is a Power Purchase Agreement (PPA), where you agree to pay for the energy the system generates rather than purchasing the equipment outright.