The Business Case for Solar: How Industries and Commercial Establishments Are Saving with Rooftop Solar Systems

The global coronavirus pandemic has highlighted the importance of cost-effective and sustainable energy solutions for commercial and industrial establishments. Many have realized that switching to industrial solar power systems is one of the best ways to reduce operational expenses. Even during lockdowns, companies with solar systems managed to stay afloat, save money, and even pay employee salaries. Here’s why solar for industries is a game-changer and why demand for rooftop solar systems in the Commercial & Industrial (C&I) sector has surged in recent months.

How Industrial Solar Power Benefits Businesses

1. Rising Electricity Prices
   Industrial and commercial electricity tariffs are significantly higher than residential rates and have consistently risen over the past decade. Installing solar panels for industrial use ensures predictable energy costs for up to 25 years. While grid electricity prices will continue to rise, solar-generated power remains constant, shielding businesses from fluctuating and escalating energy tariffs.
2. Reduced Operational Costs
   With net metering, surplus electricity generated by solar panels can be fed back to the grid, allowing businesses to earn income or offset future electricity bills. This scheme has proven invaluable during periods of reduced operations, such as the lockdown, helping companies generate revenue even when their facilities were idle.
3. Tax Savings
   Non-residential solar installations enjoy significant tax benefits under Section 32 of the Income Tax Act, allowing businesses to claim accelerated depreciation of 40%. This reduces the upfront financial burden and makes solar systems an economically attractive choice for C&I establishments.
4. Build a Green Portfolio
   With growing concerns about climate change, investing in solar energy for industrial businesses demonstrates a company’s commitment to sustainability and Corporate Social Responsibility (CSR). Businesses can enhance their brand value by showcasing their environmental responsibility, which also appeals to eco-conscious customers and stakeholders.
5. Cooler Roofs and Energy Savings
   Solar panels provide a protective barrier on rooftops, reducing direct exposure to solar radiation. This helps lower indoor temperatures in buildings with metal or concrete roofs, cutting down cooling costs and improving energy efficiency.

Real Impact: Why More Industries Are Choosing Solar

• During the pandemic, companies with solar systems and net metering facilities were able to generate income by supplying unused power back to the grid.
• Many businesses significantly reduced their operational expenses, enabling them to remain financially stable even in challenging times.

The Case for Solar Panel Systems in C&I Establishments

• Sustainable: A renewable energy solution that minimizes environmental impact.
• Economically Attractive: Long-term savings with predictable costs and financial benefits like tax depreciation.
• Socially Empowering: Promotes a shift from fossil fuels, aligning businesses with global climate goals.
• Energy Independence: Reduces reliance on conventional energy sources, mitigating the risks of price volatility and power shortages.

Take the Next Step

Investing in solar for industrial use is not just about cost savings; it’s about building a future-ready business that is resilient, sustainable, and responsible. Join the growing number of companies leveraging solar energy to power their operations while contributing to a cleaner planet.

Contact CR Energy today to explore how solar power can transform your business!