Services

India's Largest Solar Rooftop Power Plant Integrator

GoSolar Services

Go Solar Solutions is India’s one of the largest integrated solar company that is driven by the singular vision – harness the sun to enable solar everywhere. Go Solar Solutions operates in three distinct segments – manufacturing of solar equipments, EPC services for solar power projects and creating innovative solar products. We are working relentlessly to provide access to energy especially in the remote, off-grid parts of India, which makes us the most trusted renewable energy company in the country.

  1. 1
    Solar Rooftop Systems For Industries

    An industry or factory in general terms is characterised massive and heavy duty machinery functioning round the clock. This, obviously, means round the clock power supply. And with the diesel prices shooting up along with power shortages, the sooner the factories and industries go solar, the better. The grid tied solar systems, being the most cost effective, can help the industries to reduce their electricity bills

    Though Going Solar comes armed with a formidable set of advantages, it is also important to do a feasibility study by evaluating a few important factors, so that the factory owners can determine the viability of the system. Some of them are:

    – Rooftop inspection to ensure  enough space is available to install a solar power plant corresponding to the factory’s electricity requirements.

    – Load analysis to estimate how much electricity is required to ensure smooth functioning of the factory.

    – Additional back- up in the form of engine generators. These can be coupled to the system to in order to ensure uninterrupted electricity supply in case the batteries run low.

    – Cost benefit analysis to ensure the factory owners can avail maximum benefits by the investment along with the much needed carbon footprint reduction.

    All this automatically translates into heavy electricity bills. Going solar can reduce; if not completely eliminate this huge expenditure along with added benefits such as:

    • Clean Energy: Solar Energy, being renewable, promotes environmental conservation by eliminating harmful emissions often associated with conventional energy sources. Apart from that, it is a noise- free power generation unit which is an added advantage.
    • Minimal Energy Costs: As mentioned earlier, going solar brings down the huge electricity bills to a bare minimum, thus drastically cutting down the energy expenditure.
    • Accelerated depreciation: Accelerated depreciation can be a useful tax incentive because it permits companies to defer payment of corporate income taxes by reducing the amount of taxable income each year. This in turn results in increased cash flow, encouraging companies to purchase more assets.

  2. 2
    Accelerated Depreciation in Solar

    Accelerated depreciation can be a useful tax incentive because it permits companies to defer payment of corporate income taxes by reducing the amount of taxable income each year. This in turn results in increased cash flow, encouraging companies to purchase more assets.

    Example: Ms. Ankita runs a factory which consumes 15,000 units (KWH of electricity on a monthly basis, at current industrial rates in Maharashtra, she has to pay ( 15,000 X 8) Rs. 1,20,000/- in electricity bills every month(Rs 8 being the tariff.) For generating 15,000 units a 100KWp SPGS which costs 70 lacs is required for Ms Ankita’s Factory.

    Upon Installation not only can she avail savings from lower electricity bills but she is also entitled to accelerated depreciation.

    Break Down of Accelerated Depreciation 

    Cost of System: 70 Lacs

    – Year 1: 80% 0f 70 Lacs = 56 Lacs

    Considering the average tax rate at 34%. Ms. Ankita is entitled to (34% of 56 lacs)Rs. 19,04,000/- in tax rebate in the 1st Year

    Considering an instance where Ms. Ankita is liable to pay Rs. 25 lacs as Income Tax for the year, taking into account accelerated depreciation, Ms ankita only has to Pay (25,00,000 – 19,04,000) Rs. 5,96,000
    in taxes instead of 25 Lacs.

    – Year 2: 20% 0f 70 Lacs = 14 lacs

    Average tax@ 34% gives = 4,76,000 in tax rebate in the 2nd Year

    Considering an instance where Ms. Ankita is liable to pay Rs. 25 lacs as Income Tax for the year, taking into account accelerated depreciation Ms. Ankita only has to Pay (25,00,000 – 4,76,000) Rs. 20,24,000  in taxes instead of 25 lacs.

    Advantages

    Year Depreciation Benefit (Rs) Cost (Rs)
    Total system cost 7,000,000.00
    Year 1 1,904,000 5,096,000.00
    Year 2 476,000 4,620,000.00

    With the Accelerated Depreciation benefit from the government, the savings from SPGS will not just be in terms of electricity bills but also tax rebate. Simply put commercial SPGS installations allow savings of 34% of the cost of project in the form of tax rebate (accelerated depreciation) to the plant owner. This is what is creating major interests for investors to divert their money into the solar market compared to others.

    Advantages of Investment in Solar

    • Low Payback period
      The Break Even Point (BEP) of any solar power plant is around 3 to 4 years, after which a long & stable income is generated for a period of 25 years. In both the above example, the payback for Ms.Ankita is 3 Years taking AD into consideration.
    • Increase Your Property Value
      Solar panels will increase a property attractiveness on the market, similarly to properties with low property taxes, homes in school districts and homes with good Home Energy Ratings (a measurement of a energy efficiency). A study conducted by National Renewable Energy Laboratory (NREL) concluded that homes with solar panels sell 20% faster and for 17% more money.
    • Secure Investment:
      The utility companies are notorious for their fluctuating and unreliable electricity prices. There is clearly an upward trend with the evident rise in electricity cost.With solar panels and simple math, we can calculate how much electricity will be generated, and most importantly, at what price, for at least the next 25 years (fixed energy costs).
    • Guaranteed Performance :
      Solar panel manufacturers include a 25- 30 year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. The real lifespan of solar panels is much longer your solar panels will likely generate a good amount of electricity 30-40 years down the line.

  3. 3
    Solar Rooftop System For Commercial

    Commercial buildings like shopping malls, office buildings, etc. are large energy consumers. This automatically means they have to rely heavily on diesel powered generator sets and they end up paying huge tariffs as a result. And with the tariff rates steadily shooting up and increased dependence on engine generator back- up, these commercial structures become ideal candidates for solar rooftop installations.

    What problems do commercial installations face?

    – Frequent power cuts
    – Heavy reliance on diesel powered generation sets
    – High commercial tariff charge

    With working hours of more than 12 hours a day an ample unused rooftop space, a solar rooftop installation is justified. They are characterised with air condition supply and great deal of lighting throughout the day. Thus, a solar rooftop system can meet upto 70% of their electricity requirements.

    What makes going solar beneficial for commercial structures?

    • Reliability: A solar Power Generation System a lifespan of 25 years, ensuring the consumer of energy reliability throughout its lifespan.
    • Minimal maintenance: A solar Power Generation System has no moving parts, thus requiring little maintenance. Additionally, this also ensures noise minimization.
    • Reduced commercial tariff: A solar Power Generation System comes at a levelised cost of Rs. 1.5-2/kWh, which is quite low as compared to GRID and Diesel power cost, which is Rs. 18/kWh, making it cost- effective.
    • Uninterrupted power: Solar Power Generation System provide the consumers with the much needed energy security by delivering power even during load- shedding.

    However, there a few constraints that should be considered as well, as discussed below:

    Available roof space: The nameplate capacity of a solar Power Generation System depends on the amount of unused roof space available. This puts a constraint on the system size that can be installed. Additionally, the roof orientation and shadow free rooftop space are the determinants of how much of the available roof space could be utilised.

    Rooftop aesthetics: Commercial installations put a lot of importance on the aesthetics of their structures. With the panels having South orientation, they may or may not go hand in hand with the architecture of the structure, hence affecting the aesthetics.

    Power back- up: Since power generation occurs only during daytime, the solar Power Generation System might have to be used in conjunction with a back up with other appliances.

  4. 4
    Solar Rooftop System For Schools

    Schools, unlike hospitals and commercial structures, have short durations of operations. They do not have heavy duty machinery or expensive lab equipments. Thus, for installation of a solar Power Generation System, the factors to be considered are the available rooftop space and load demand.

    So, why should schools go solar?

    Reliability: A solar Power Generation System a lifespan of 30 years, ensuring the consumer of energy reliability throughout its lifespan.
    Minimal maintenance: A solar Power Generation System has no moving parts, thus requiring little maintenance. Additionally, this also ensures noise minimization.
    Reduced commercial tariff: A solar Power Generation System comes at a levelised cost of Rs. 1.5-2/kWh, which is quite low as compared to diesel power cost, which is Rs. 18/kWh, making it cost- effective.
    Uninterrupted power: Solar Power Generation System provide the consumers with the much needed energy security by delivering power even during load- shedding.
    Environment conservation: Solar being a clean source of energy not only helps decrease noise pollution but also in reducing carbon footprint.
    Educational opportunities: The solar Power Generation System can provide the students with ample educational opportunities in the field of science and environmental education.

    However, they have a few constraints as well, as discussed below:

    • Available roof space: The nameplate capacity of a solar Power Generation System depends on the amount of unused roof space available. This puts a constraint on the system size that can be installed. Additionally, the roof orientation and shadow free rooftop space are the determinants of how much of the available roof space could be utilised.
    • Power back- up: Since power generation occurs only during daytime, the solar Power Generation System might have to be used in conjunction with a back up with other appliances.

    Go Solar Solutions specialises in providing Solar EPC solutions for Solar Power Plants based simply on solar Photovoltaic (PV) technology. Go Solar Solutions also excels in services other than solar for providing power from various renewable energy sources like Thermal and Wind.

    ADDRESS

    A 307, Merchant Centre,
    APMC Market - 1 Phase - ii,
    Sector 19 Vashi,
    Navi Mumbai - 400705.

    PHONE

    +91 22 2788 2610 / +91 80486 05527

    EMAIL

    sales@gosolar.co.in