Madhya Pradesh is one of the fastest-growing states in India. With a GSDP of around ₹9.62 lakh crores, the state ranks 10th in the nation and is consistently growing at a rate of 12~14.2%. There has been a tremendous increase in the state’s commercial capabilities over the years where the number of registered MSME units alone has grown from over 19,000 in 2012~13 to over 87,000 today. Given such an increase in economic activity, access to affordable power is a significant requirement.
The below MYSUN Client, i.e a manufacturer of insulation material, based out of Pithampur in Madhya Pradesh has been able to achieve a savings of millions of Rupees by going solar. Having a massive power expenditure worth hundreds of lakhs of rupees every year, the business owners decided to go solar and become an independent power producer. With the help of a 897kWp Solar System, they are now saving approximately Rs 93 Lakhs on their power bills every year.
Can Your Business Unit in Madhya Pradesh Save Big with Solar too?
Similar to the above business, going solar can bring financial benefits for any business set up in Madhya Pradesh. Located in a geographically conducive environment, Madhya Pradesh, like many other states of India, receives ample sunlight throughout the year to fulfil the complete power requirement of your business.
Moreover, with a conducive solar policy of Madhya Pradesh which facilitates the functionality of net-metering, your business can not only reduce its power bills but also enhance its savings by selling the excess energy generated from its solar system to the local DISCOM. Not to mention the additional benefit of 40% Accelerated Depreciation which your business can avail by owning a solar system.
Check the Solar Potential of Your Business Unit in Madhya Pradesh
With the MYSUN Solar Calculator, estimating the solar potential is easy for any business across India. Designed with sophisticated algorithms considering the solar irradiance of every place in the country, the MYSUN Solar Calculator will help you pre-estimate the savings that your business will make on its monthly and yearly power bills after going solar.
For example, if your business is a commercial unit based out of Bhopal and consumes electricity worth an average of Rs 10 Lakhs a month, then going solar can help it reduce its electricity bill by almost 42%. That’s a savings of Rs 4.2 lakhs per month and a lifetime savings Rs 11.5 crores.
Similarly, if your business is a textile industrial unit based out of Indore in Madhya Pradesh with an average monthly electricity bill of Rs 25 lakhs, it can save almost Rs 10.3 lakhs every month, and Rs 27.8 crores in 25 yrs.
Solarize your Business today with Easy Financing Solutions today
With numerous solar financing options available from MYSUN, solarizing your business is more affordable than ever. Your business can either choose to pay the capital cost of the solar system upfront and thus get the best pricing or defer the cost in easy monthly instalments. Your business can also choose to go solar at the pay per unit model under a power purchase agreement. To know more about these options you can get in touch with MYSUN Solar Advisors by submitting your interest for solar financing here or read our blog on the topic - CAPEX vs MYSUN DPA vs PPA: How to Pick the Right Financing Model to Go Solar.
As evident in the above example of the MYSUN client in Pithampur, investing in solar has brought proven financial gains for the Manufacturing company. It has also brought in positive results for many other MYSUN clients across India. With the available financing options, favourable geographical conditions and solar policy of Madhya Pradesh, you have no reason to not solarize your business, be it is Bhopal, Indore, Ujjain, Gwalior, Jabalpur, Satna, Sagar or any other city of Madhya Pradesh.
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