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How much money can you save by utilizing solar energy with examples?

  • VC Green Energy

In Tamil Nadu, the cost of electricity has increased significantly over the years, making it difficult for industries to maintain their margins. The increase in electricity expenses has a significant impact on the bottom line of the companies. This is where solar energy comes in as a saviour. With solar panels installed, industries can generate their own electricity and reduce their dependence on the grid. This helps them to save a considerable amount of money on their electricity bills, thus improving their profits.

The amount of money saved by using solar energy for industries varies depending on several factors such as the size of the industry, the amount of electricity consumed, and the cost of electricity in the region. However, on average, industries can save anywhere between 20-30% of their electricity expenses by switching to solar energy. Let's take a look at a few examples to understand this better.

Examples:

a)  If a manufacturing unit in Tamil Nadu consumes 100,000 units of electricity per month and pays an average of Rs: 7 per unit. By installing a 100 kW solar panel system, the unit can generate about 120,000 units of electricity per year. This would help the unit to save about Rs: 84,000 per month, translating to a total saving of Rs. 10.08 lakh per year.

b)  If a textile industry in Tamil Nadu consumes 500,000 units of electricity per month and pays an average of Rs: 7 per unit. By installing a 500 kW solar panel system, the industry can generate about 600,000 units of electricity per year. This would help the industry to save about Rs: 420,000 per month, translating to a total saving of Rs. 50.40 lakh per year.

c)  If a hotel in Tamil Nadu consumes 200,000 units of electricity per month and pays an average of Rs: 7 per unit. By installing a 200 kW solar panel system, the hotel can generate about 240,000 units of electricity per year. This would help the hotel to save about Rs: 168,000 per month, translating to a total saving of Rs: 20.16 lakh per year.

These examples clearly illustrate the savings that industries in Tamil Nadu can enjoy by switching to solar energy. The savings may vary based on the specifics of each case, but the overall trend is clear – industries can save a significant amount of money by using solar energy.

In conclusion, the use of solar energy can provide industries with a reliable and cost-effective source of energy, helping them to reduce their expenses and increase their profits. With the increasing efficiency of solar panels and the decreasing cost of electricity generated from solar energy, it is becoming more and more accessible to industries. By making the switch to solar energy, industries can take advantage of the many benefits it offers and contribute to a more sustainable future for all. The government of Tamil Nadu has also been promoting the adoption of solar energy, and with the increasing awareness and adoption of solar energy, it is likely that many more industries in Tamil Nadu will switch to this eco-friendly and cost-effective source of energy in the future.

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