Today, India is one of the world’s fastest-growing economies, seeking to touch the 5 trillion GDP. Powering this ambitious drive is the massive use of electricity in factories, warehouses, SEZs, educational institutions, hospitals, and office buildings.
Energy bills form around 15% of operating costs in these facilities, due to temperature control systems, lighting, machinery, computers, and more. Hence, there’s a serious need to ensure the generation of free power and thus, minimise the cost of running them. Meeting the growing demands of power to boost our power-hungry economy is a solution that comes from above – the sun.
On-site production of free electricity
A one-time investment in a solar rooftop system goes a long way to increase business profits. It also greatly helps in avoiding expensive land acquisition and all its related issues. It is no secret that India is a highly price-sensitive market. Thankfully, all the components of the solar rooftop installations like inverters, junction boxes, and more are available at various competitive prices than in other countries.
Some key factors to consider for installation are:
- Location of your facility and inclination of the roof – The panels must get maximum exposure to sunlight
- The energy requirement of your facility – The bigger the facility, the more panels you may need to install for maximum efficiency
- The contracting company – Always opt for the most experienced contractor
- The installation cost – Remember this is just a one-time cost.
Once a solar rooftop system installation takes place, saving a massive amount of money will be a dream come true. Lasting for decades, solar rooftop panels come with long-term warranties of around 25 years. To you, it means low maintenance and zero money lost in repairs. Hence, buyers confidently seek solar financing to make the most of solar power.
Finance – One of the prime essentials for hassle-free installation
Adding convenience to rooftop installation is the pocket-friendly solar financing. In India, Electronica Finance Ltd is the only NBFC offering rooftop solar power loans. Solar financing covers around 75% value of the system or installation and is available at attractive interest rates. In fact, for loan amounts up to Rs 15 lakhs, it can be availed collateral-free too. Also, the interest rates are flexible and based on the customer’s profile. EFL rooftop solar panel loans can be availed within 7 working days and require minimal documentation.
With its almost three decades of extensive experience in asset financing, Electronica Finance Limited (EFL) is your trustworthy financial partner that can help you go solar in no time.