Are you getting a high electricity bill in your Noida factory, office or institutes? You can reduce the electricity bills by going solar. Solar system installation in Noida is the best way to reduce your electricity bill substantially.
The return on investment or IRR on solar is unmatchable and without risk. The solar plant is installed at the roof of your place, thus generating electricity to be consumed at your factory/office/institute etc. In fact if your company is not interested in making one time investment then they can take a loan. The EMIs will be paid within 5 years through the savings generated by solar power plant. In fact even after paying off EMIs there would be savings in electricity bills due to the solar plant installed in your Noida premises.
Solar Power Plants installed by Verde in Noida has a very high Internal Rate of Return in addition to it being very good for environment. The synopsis of money saved by installing a 200 KW solar plant in Noida with 75% debt as well as 100% equity is as follows:Solar Power Plant with 75% Debt | |
Project Capacity (in KW) | 200 |
Gross Generation/KW (unit) | 1500 |
Contracted Tarrif (Rs/kwh) | 7.5 |
Term of the project (years) | 25 |
Project Cost/KW (Rs lakh) | 0.41 |
Total Project Cost (Rs lakh) | 82 |
Annual Savings (Rs lakh) | 23 |
EMI (Rs lakh) -annual | 17 |
Interest Rate | 9.25% |
Debt (Rs Lakh) | 62 |
Equity (Rs lakh) | 20 |
Repayment period (years) | 5 |
Project IRR | 33.94% |
Equity IRR | 59.85% |
Project payback (years) | 3.87 |
Equity payback (years) | 3.77 |
Solar Power Plant with 100% equity | |
Project Capacity (in KW) | 200 |
Gross Generation/KW (unit) | 1500 |
Contracted Tarrif (Rs/kwh) | 7.5 |
Term of the project (years) | 25 |
Project Cost/KW (Rs lakh) | 0.41 |
Total Project Cost (Rs lakh) | 82 |
Annual Savings (Rs lakh) | 23 |
Project IRR | 31.66% |
Equity IRR | 31.66% |
Project payback (years) | 4.09 |
Equity payback (years) | 4.09 |
The savings in electricity bill by installing solar plant in Noida depends on the tariff being paid as well as the capacity of the solar system. UPERC has already proposed a huge increased in the electricity tariff so the payback and savings through solar plant would be much better. Government of India also gives accelerated depreciation benefits to commercial consumers for installing solar power plant.
You can know more about savings in electricity bills through installation of solar plant by contacting us
