At MPC we conceptualized renewable power generation from Solar Power:
A) Save Money: Solar power is often cheaper than your grid electricity. There is also no peak time “demand” charge associated with solar electricity. If you own the rooftop system, you will have access to free electricity after a certain time period – i.e. once the initial cost of the system is amortized. [refer (c)]
.B) Lock In Your Energy Costs: As fossil fuel stocks deplete, the costs of grid based electricity (generated using fossil fuels) will continue to rise. Going solar allows you to locked-in your energy costs for the lifetime of the system, typically a period of 25 years or more.
C) It Makes Perfect Business Sense: Depending on your electricity consumption and the incentives and/or rebates available in your area, your rooftop solar system could pay back for itself in as little as 4-5 years. Since the systems last for as long as 25-40 years, you will have access to free electricity for many years.
D) Improves Your Business’ Public Perception: Solar systems are an emissions free source of electricity generation. Therefore going solar also has huge environmental benefits. This will improve the perception of your business in the eyes of your customers, your employees, the community and even the government. It’s great CSR.