Rooftop Solar – Saving For Businesses Hit By The Pandemic
The global pandemic coronavirus has made industrial and commercial businesses understand that going solar is one of the most guaranteed ways to chop down operational prices. Turning towards solar energy has helped many companies save money and continue their operations even during the lockdown.
Companies that have adopted solar energy unanimously agree that shifting to solar has helped them drastically reduce their operating charges. There has been a subsequent boom in demand for solar systems from the Industrial and Commercial divisions over the last few months.
Some of the industrial and commercial businesses having net metering facilities, which have to shut down their services and operations during the national lockdown, were able to generate revenue by supplying extra surplus power generated by the commercial solar systems back to the electricity grid. Organizations affected by the lockdown could have sustained their businesses and were even able to pay salaries, all credit goes to their solar systems.
The rooftop solar system is among one of the cheapest origins of power, with approximately 50% lower tariffs than the grid charges in several states. The cost benefits of the segments make it an attractive option for renewable sources of energy amongst commercial and industrial (C&I) customers.
The slump witnessed in business during the pandemic time of Covid-19 has made C&I players recognize that shifting towards solar is one of the most reliable ways to reduce operational costs.
The cost of energy accounts for approximately 30%-40% of operational costs for C&I entities. With a drastic reduction in the prices of solar power over the years, it makes sense for companies to opt for solar energy to save extra expenses and to keep their businesses operational and afloat in these unprecedented challenging times.
Lowering the costs and cutting the extra expenses by going solar has become more essential for businesses, as improving the financial situation has become a huge challenge during these tough times of pandemic. There is a subsequent increase in the interest of allowing solar energy to be a part of life among C&I entities with a huge variety of business models to pick from.