Solar power can boost business productivity and lead to cost savings. Click to learn about solar panel financing options to simplify installation for your venture.
Solar power has recently gained immense relevance in the business, due to its ability to provide ventures with greater energy and security independence. According to recent data, India has installed a solar energy capacity of as of July 2024. Additionally, the Indian commercial and industrial (C&I) rooftops account for about of the amalgamated rooftop solar panels used in India.
This data, indicating the growing relevance of solar energy, emphasises the benefits of solar panel financing. Furthermore, availing financial assistance from reputed financial institutions like Profectus Capital enables you to enjoy financial flexibility. Read further in this blog to understand the financial benefits of solar power financing.
India aims to install a solar component of of renewable energy by 2030. This increased accessibility to solar power will benefit businesses immensely, especially MSMEs, to reduce their dependence on external energy.
The following points highlight the business solar energy benefits in detail:
India has witnessed a cost decrease in solar power installation, with decrease recorded till 2022. This offers ventures the opportunity to benefit from solar energy without breaking the bank.
Additionally, solar power helps businesses generate electricity cost-effectively; helping them avoid the current costs associated with utilising traditional energy sources. Hence, by relying less on power from the grid, you can save substantially on electricity bills over the long term.
Solar power is a reliable energy source that offers electricity even during power cuts. It is to be noted that MSMEs established in rural areas often face power outages due to unfair electricity distribution.
However, the installation of solar panels enables you to carry out operational tasks while reducing the disruptions caused by fuel shortages or grid failures. Therefore, improved energy security enhances the overall productivity of your business, offering operational resilience.
The lifespan of a solar panel is 20 to 30 years, producing more electricity than your business can use. With the excess sustainable energy, you can see a huge reduction in monthly utility bills, helping you retain additional savings.
You can use the money to expand business operations, invest in marketing strategies or focus on more important business projects. Hence, improved cash flows resulting from solar power offer a healthy financial balance.
Solar panel project owners can avail certain tax benefits which offer them an exemption from paying income tax on their solar power project earnings for the first 10 years of vintage.
Additionally, businesses investing in solar panels are granted accelerated depreciation benefits under the Income Tax Act, enabling them to depreciate the value of the asset by up to 40% in the initial year. This helps significantly in reducing taxable income.
According to recent data, properties with solar power installation are expected to witness an increase in their value by . This sustainable energy source offers advancement in property value specifically in India, where it has gained immense significance.
It has also come to light that potential real estate investors are more inclined to invest in properties with low energy costs. Hence, solar panels make the property a more lucrative investment option in the market.
So, if you are looking to invest in solar energy, getting tailor-made financial assistance from Profectus Capital can be beneficial.
Profectus Capital understands your unique business needs and offers personalised financial solutions for MSMEs. Availing financial assistance for solar investment from Profectus enables you to enjoy the following benefits:
Profectus Capital provides tailored financial solutions that are designed specially to support the growing solar power sector. Their lending products range from term loans, working capital loans, and machinery and equipment financing, helping address the unique needs of solar power projects. Hence, seeking financial assistance enables businesses and project undertakers to secure the necessary funds for solar power development.
Our core business objectives demonstrate offering support for micro, small and medium enterprises (MSMEs) involved in the manufacturing and service sectors. Addressing the rising demand for commercial solar power savings, we enable thriving businesses to access the financing they need to avail the benefit from the boon of renewable solar energy.
Profectus Capital offers constant support, ensuring you can accomplish your financial goals. With our proficient team, your business gets exposure to a deep understanding of the solar energy sector. The constant support from our team ensures that the solar projects are financially viable and withstand market fluctuations.
Sustainable business practices enable businesses to make a positive impact on the environment while improving your business’s public image and resulting in cost savings. Accessing solar panel financing from Profectus Capital contributes to the incorporation of sustainable energy solutions in India. This aligns with the Indian Government’s strategy to reduce carbon emissions and balance climate change.
Essentially, investing in solar power helps address adverse climate changes while helping to thrive MSMEs access cost savings and increased property value. So, if you want to benefit from solar power, solar panel financing is the right option. And with Profectus Capital, you get tailor-made financial assistance for your solar project. Reach out to us for a better future for your business.
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