How Rooftop Solar financing can reduce electricity costs

Managing rising expenses while maintaining profitability is a challenge for many business owners. One of the most effective ways to reduce some costs is by switching to solar energy. A rooftop solar installation allows businesses to generate their own power, significantly cutting down electricity bills while offering long-term financial benefits. With a lifespan of 25-30 years, solar panels provide a sustainable solution that ensures cost stability and energy independence for years to come.

Why a Rooftop Solar Panel Is a Smart Choice for Cost Savings in Every Business

The benefits of rooftop solar go beyond just reducing electricity costs; they provide businesses with greater operational resilience and financial stability. Here's why:

1. Significant Cost Savings: By generating electricity on-site, businesses can reduce or completely eliminate their electricity bills. On average, solar installations help save up to 30% to 80% on power costs.
2. Energy Independence: Businesses reduce reliance on the grid, protecting themselves against power outages and fluctuating electricity prices.
3. Environmental Sustainability: Solar power offsets carbon emissions by approximately 0.8 kg CO2 per kWh, helping companies reduce their environmental impact and contribute to a cleaner future.
4. Strong ROI: With a payback period of 4-7 years, businesses enjoy free electricity for over two decades after recovering their investment.
5. Enhanced Brand Image: Going solar demonstrates a commitment to sustainability, attracting environmentally conscious customers and enhancing brand reputation.
6. Tax and Depreciation Benefits: Businesses investing in solar can avail themselves of GST benefits, lowering overall tax liability and ensuring a faster return on investment.

What Solar Power Can Do for Your Business

Investing in a rooftop solar system is one of the best decisions a business can make to maximize solar energy savings. Companies that rely on high energy consumption - such as retail stores, manufacturing units, and hospitality businesses - can significantly lower their electricity bills while ensuring an uninterrupted power supply. By generating their own electricity, businesses become less vulnerable to fluctuating tariffs and grid outages, leading to improved efficiency and reduced operational disruptions.

Moreover, adopting solar energy aligns with global sustainability trends, helping businesses enhance their corporate social responsibility (CSR) initiatives. By reducing their carbon footprint, companies contribute to environmental conservation, positioning themselves as eco-conscious brands.

Seeing the Savings: A Real Business Example

To illustrate the impact of solar energy savings, let's consider a medium-sized retail store that operates for extended hours, especially during peak shopping seasons.

• Annual electricity consumption: 200,000 kWh
• Electricity rate: ₹8 per kWh
• Annual electricity bill: ₹1,600,000 (₹133,333 per month)

The store decides to install a 60 kW solar rooftop system, generating approximately 80,000 kWh of electricity per year. This covers 40% of its annual energy needs.

• Annual energy generated by solar: 80,000 kWh
• Annual savings: ₹640,000 (80,000 kWh x ₹8/kWh)
• Monthly savings: ₹53,333

By installing a rooftop solar system, the business achieves substantial savings while reducing its dependence on traditional energy sources.

How Svakarma Helps You Get Solar

At Svakarma, we understand that the upfront cost of solar installation can be a barrier for many businesses. That's why we offer the Suryakiran Loan, designed specifically to finance solar panel installations. With our Rooftop solar loan, businesses can transition to solar without the burden of high initial costs.

Suryakiran Loan Features:

• Simple and Quick Approval Process: Hassle-free application with fast approvals.
• Customizable Loan Options: Tailored to suit different business needs.
• Loan Amount: ₹2 lakh to ₹40 lakh.
• Tenure: Up to 5 years for easy repayment.
• Processing Fee: 2-3% of the loan amount.
• Security: RTS System Funded.

By financing a rooftop solar system through Svakarma, businesses can start saving on electricity costs from day one while repaying their loan with the savings generated from solar power. Our goal is to make renewable energy accessible to small businesses, ensuring long-term financial and environmental benefits.

Final Thoughts

Switching to solar energy is not just an eco-friendly move; it's a financially sound decision that helps businesses reduce electricity costs, gain energy independence, and improve sustainability.

At Svakarma, we believe that investing in solar power is not just about saving on electricity bills - it's about ensuring stability in energy costs and building a more sustainable future.

If you're ready to take the next step toward energy savings and long-term sustainability, we are here to help you make the switch with ease.