Solutions for SMEs :- Solar power plant installation on Factory's Rooftop.
SME Businesses have got much more benefits of installing solar power plants on their factory or office rooftop.
Generally, rooftop space is unused for most of the time, or even if it is used, generally we have seen that not all the space is utilized. Solar modules being smaller in size and modular in nature can fit anywhere in the left out spaces, as long as that space is shadow free.
In addition, there are financial benefits also. Electricity cost is saved primarily. The maintenance of the project can be done by the existing Maintenance Staff, thus no addition O&M Cost (Opex). A business can claim Accelerated Depreciation on the cost of the complete Solar Plant project. As per Section 32 of income tax 40% of AD can be claimed in a financial year.
For details on On Grid and Off Grid solutions, please click here.
Benefits from Solar Power Plant project
Accelerated Depreciation of 40% under Income Tax section 32.
Opportunity to save on Company Expenses for electricity.
Contribute to Green India image and meet CSR objective.
Net Metering exports unused power and later adjusted from the bill.
Investment in Solar is better than Mutual Fund. Even Mutual Fund ROI of 23% is not good enough. Risks associated with Solar is under direct control, while risks with Mutual Fund is out of our control.
As per Building Bylaws, no separate permissions is required for installation of Solar Panel Mounting Structures on rooftop.