Blog – Epic Energy

Blog

The Necessity of ESG: Governance, Gen Z Beliefs, and Consumer behaviour & Trends

October 13, 2023 admin

ESG stands for Environmental, Social, and Governance, and it represents a framework for evaluating the sustainability and ethical impact of an investment or business.

The importance of ESG can be summarized in several key insights:

Risk Management: ESG factors can help investors and businesses identify and mitigate risks. For example, companies with poor environmental practices may face regulatory fines, reputational damage, or supply chain disruptions. Good ESG practices can reduce these risks.
Long-Term Performance: Companies that prioritize ESG considerations are often better positioned for long-term success. Sustainable practices can lead to cost savings, innovation, and improved customer and employee relations, ultimately enhancing financial performance.
Investor and Consumer Preferences: Investors are increasingly interested in aligning their investments with their values. Similarly, consumers are more likely to support businesses that demonstrate ESG commitment. Meeting these preferences can lead to increased investment capital and customer loyalty.
Regulatory Compliance: Governments and regulators are increasingly implementing ESG-related requirements and reporting standards. Companies that ignore ESG considerations may face legal and financial consequences.
Stakeholder Engagement: Engaging with various stakeholders, including employees, customers, and communities, is essential for building trust and maintaining a positive reputation. Companies that address ESG issues are more likely to build strong relationships with stakeholders.
Competitive Advantage: ESG can provide a competitive advantage by attracting talent, customers, and investors. It can also help companies differentiate themselves in the market.
Global Challenges: ESG is closely tied to addressing global challenges like climate change, social inequality, and corporate corruption. Companies that contribute positively to solving these issues are more likely to be seen as responsible and forward-thinking.

Recent Market Trend of Gen Z's

Gen Z’s Concerns About Climate Change
According to a recent survey by the Pew Research Center, Gen Z is the most likely generation to say that climate change is a top concern. 66% of Gen Z respondents said that climate change is a top concern, compared to 53% of Millennials, 38% of Gen X, and 25% of Baby Boomers and older adults. They are more likely to believe that climate change is caused by human activity.

Gen Z’s Preferences for Eco-Friendly Products
Gen Z is also the most likely generation to say that they are willing to pay more for eco-friendly products. A recent survey by IBM found that 72% of Gen Z respondents are willing to pay more for eco-friendly products, compared to 61% of Millennials, 48% of Gen X, and 36% of Baby Boomers and older adults. They are more likely to believe that businesses have a responsibility to reduce their environmental impact. They are more likely to be willing to support businesses that are taking steps to be more sustainable.

Gen Z’s Involvement in Climate-Related Activism
Gen Z is also the most likely generation to be involved in climate-related activism. A recent survey by the Pew Research Center found that 32% of Gen Z respondents have done something to address climate change in the past year, such as donating money, volunteering, contacting an elected official, or attending a rally or protest. This is compared to 28% of Millennials, 23% of Gen X, and 18% of Baby Boomers and older adults.

Is ESG Exclusive to Large Corporations, or Should MSMEs Embrace ESG?

No, ESG (Environmental, Social, and Governance) principles are not exclusive to large corporations. They are relevant and beneficial for Micro, Small, and Medium Enterprises (MSMEs) as well. In fact, MSMEs can derive significant advantages from integrating ESG practices into their operations and business strategies.

The Indian government has recognized the significance of ESG for MSMEs and provides substantial support through a range of schemes and initiatives:

Financial Assistance: MSMEs in India can access various financial aid options for ESG projects. The government typically offers between 25% to 50% of project costs as grants or subsidies. For example, the SIDBI Green Finance Scheme provides loans at a 7% concessional interest rate, with a 25% interest rate subsidy. Eligibility criteria include MSME registration, a viable project plan, and the ability to meet repayment terms. Over 50,000 MSMEs received financial assistance in the past year (2022-23).
Research and Development Grants: Government agencies and private organizations provide grants for MSMEs involved in green tech R&D. Over 1,000 MSMEs benefited from these grants in the past year (2021-22).
Certification and Compliance Support: Government agencies offer support to help MSMEs meet ESG-related certifications and standards. Over 20% of Indian MSMEs achieved ESG-related certifications in the past year (2022-23).
Special Economic Zones (SEZs): SEZs offer benefits like customs and excise duty exemptions, 100% income tax exemption for the first 5 years, and 50% for the next 5 years, reduced income tax rates on domestic sales, deferred VAT, and service tax exemptions. These incentives make SEZs attractive for sustainable business growth.
Export Promotion: Government schemes like the Market Access Initiative (MAI) provide financial aid for MSMEs to participate in international trade events and develop export marketing strategies. Exports of eco-friendly products by MSMEs grew by 15% in the past year (2022-23).
Credit Guarantee Schemes: The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) offers collateral-free loans for MSMEs engaged in green and sustainable projects.

Blog

Hydrogen Vehicles: Hit or Miss?

May 30, 2023 admin

Hydrogen cars, also known as Fuel Cell Electric Vehicles (FCEVs), use hydrogen gas to generate electricity to power an electric motor. The hydrogen gas is stored in high-pressure tanks, and when it is needed, it is passed through a fuel cell stack, where it reacts with oxygen from the air to produce electricity. The electricity then powers an electric motor to propel the vehicle, emitting only water vapor as a by-product.

India has shown interest in developing a hydrogen fuel cell ecosystem as a part of its plan to reduce greenhouse gas emissions and promote clean energy. The Indian government is exploring the use of hydrogen fuel cell technology in public transportation, such as buses and trains, and is also working on a pilot project for hydrogen-powered vehicles.

Hydrogen cars have several advantages over other types of electric vehicles. First, they offer a longer driving range than Battery Electric Vehicles (BEVs), which need to be charged frequently. Hydrogen fuel cell vehicles have a driving range similar to traditional gasoline-powered cars, making them a more convenient option for long-distance travel. Additionally, hydrogen fuelling stations can refuel a car in just a few minutes, compared to the hours it takes to charge a BEV. Hydrogen cars, powered by Green Hydrogen, also produce zero emissions, making them an attractive option for those concerned about air pollution and climate change.

As is well known, Hydrogen is considered “Green” and therefore a “clean” fuel only when it is produced using renewable energy in a process called electrolysis, which involves channelising an electric current through water. The energy from this current breaks the bonds in the water molecules, releasing separate hydrogen and oxygen atoms. And because the electricity used in this process is generated from a renewable power source such as a solar array or wind turbine, no climate pollution is released. This gives rise to the term “Green Hydrogen”. It must be kept in mind that availability of commercially operable electrolysis technologies is still a concern since the technology is still at a nascent stage, and therefore one must be wary of the use of “Dirty” Hydrogen. “Dirty” Hydrogen (or “Grey” or “Blue” Hydrogen) is generated using Coal, Gas or Steam Methane.

Hydrogen fuel cell vehicles are currently more expensive than other types of electric vehicles, such as BEVs and Plug-in Hybrid Electric Vehicles (PHEVs).

Production Cost:

BEVs: The production cost of BEVs in India can range from approximately Rs. 7 lakh for a hatchback to Rs. 35 lakh for a premium SUV. In BEVs, the battery is typically the most expensive component. The cost of batteries has been decreasing over time due to advancements in technology and economies of scale, but it still accounts for a significant portion of the total cost of the vehicle.
PHEVs: The production cost of PHEVs in India can range from approximately Rs. 18 lakh for a mid-size sedan to Rs. 90 lakh for a luxury SUV. PHEVs have a smaller battery than BEVs, but can run on both electric and petrol.
FCEVs: The production cost of FCEVs in India is currently higher compared to BEVs and PHEVs due to the high cost of fuel cell technology. It can range from approximately Rs. 1.2 crore for a sedan to Rs. 1.8 crore for a premium SUV. For FCEVs, the most expensive part is the fuel cell stack, which is responsible for converting hydrogen into electricity to power the vehicle’s motor. However, the cost of fuel cell technology has been decreasing over time as well, and there are ongoing efforts to further reduce costs. Regarding charging costs, it can vary depending on factors such as the price of electricity, the efficiency of the vehicle, and the type of charging station used. In general, BEVs and PHEVs are cheaper to charge per kilometer than FCEVs and petrol vehicles.

Charging Cost:

Vehicle Type	Charging / Fueling Cost (per unit)	Cost per km	Range	Notes
FCEVs	Rs. 450-550 per kg of hydrogen	Rs. 4-5 (Rs. 450 / 112.5 km)	400-500 km per full tank (5kg capacity – 112.5 km per Kg travelling)	Easy to refuel like Petrol
BEVs	Rs. 5 – 8 per kWh	Rs. <1-2 (40 kWh * Rs. 5) / 350 km = <1	350-400 Km Per full tank (40 – 100 KWh) majority is 40 KWh	Charging speed depends on car model and electricity rates based on the region
PHEVs	Rs. 5-8 per kWh for charging and Rs. 95-105 per liter	Rs. <1-2 in electric mode and Rs. 4-7 in hybrid mode	500–1200 km full tank (12 – 16 KWh) majority is 14 KWh And 15-30 km per liter (in hybrid mode) with 40 litre capacity	Can run on both electric and petrol, smaller battery than BEVs
Fuel Vehicles	Rs. 95-105 per liter	Rs. 7-9 (Rs. 95 / 12 km)	540–900 km full tank (12-15 km per liter) with 40 litre capacity	Highly fluctuating rates but easy to refuel

Maintenance and Repair Cost:

BEVs: The maintenance and repair cost of BEVs in India is generally lower compared to conventional gasoline vehicles since they have fewer moving parts and require less frequent oil changes and other routine maintenance. However, the cost of replacing the battery can be significant, depending on the model and manufacturer. For example, the cost of replacing the battery of a Tata Nexon EV with a 30.2 kWh battery can be around Rs. 2 lakhs to Rs 2.5 lakhs.
PHEVs: The maintenance and repair cost of PHEVs in India is similar to BEVs, with the added cost of maintaining the gasoline engine and the hybrid system. However, the battery replacement cost is lower compared to BEVs, since PHEVs have a smaller battery. For example, the cost of replacing the battery of a Toyota Prius Prime with a 8.8 kWh battery can be around Rs. 40,000 to Rs. 80,000.
FCEVs: The maintenance and repair cost of FCEVs in India is higher compared to BEVs and PHEVs due to the complex fuel cell system and the limited availability of trained technicians. The cost of replacing the fuel cell stack can be significant, depending on the model and manufacturer. For example, the cost of replacing the fuel cell stack of a Toyota Mirai can be around Rs. 8 lakhs to Rs. 10 lakhs.

To conclude, whilst Hydrogen fuelled cars appear to be the future of the automobile industry, we still have a long way to go in stabilising the Electrolysis process and also making it commercially viable to own and operate an FCEV automobile. A lot of countries around the world are investing billions of dollars in this industry and we should be able to see some rapid progress in the near future.

Blog

EU vs developing Countries, Dirty Tax War

April 27, 2023 admin

The European Union has proposed a Carbon Border Adjustment Mechanism (CBAM) to reduce greenhouse gas emissions and push its trading partners to decarbonize their manufacturing industries. The CBAM will be implemented in two phases. Starting from October 1, 2023, exporters of steel, aluminum, cement, fertilizers, hydrogen, and electricity, including India, will have to share emission data with the EU. From January 1, 2026, the EU will begin collecting CBAM as an import tariff from “Dirty” goods. The CBAM tax is estimated to be a 20-35% tariff equivalent, which is far higher than the EU’s average import tariff of 2.2% for manufactured products, says a report by the Global Trade Research Initiative (GTRI), a New Delhi-based think tank.

CBAM is expected to heavily impact India’s iron, steel, and aluminum exporters, as 27% of the country’s exports of these products go to the EU, amounting to $8.2 billion in CY 2022. By 2034, the EU plans to expand CBAM to all items. Several advanced economies, including the US, the UK, and Japan, are considering imposing similar carbon taxes on imports.

“India sees CBAM as protectionist rather than climate intervention and is looking for ways to counter it. However, the irony is that CBAM revenues will go to the EU’s budget. In other words, CBAM is a way of making higher tax on imports from developing countries and fund the EU’s climate transition”, says RV Anuradha, an expert in international economic and environmental laws.

At the Peterson Institute for International Economics (PIIE) in Washington, DC, on April 10, Finance Minister Nirmala Sitharaman criticized the EU for crafting a policy that would enable an additional flow of funds from developing nations to the EU. The FM said, “So, my non-green steel is okay for you as long as I pay extra. That extra is not coming for me to convert my dirty steel into green steel, whereas I am given the comfort that ‘you may export to me (EU) and I will buy the dirty steel if you pay more. And what will I (the EU) do with that money? I will convert my dirty steel to green steel’.” Through CBAM, the EU is saying that any country wishing to export to the EU needs to replicate its requirements for emission reductions and pay the price for carbon emissions as determined by the EU. She also said “I am sorry to speak like an activist, but that’s how it looks”.

Once the policy kicks in, exporters to the EU, such as the Steel Authority of India and Vedanta, will have to bear a substantial additional burden. This could have a significant impact on India’s export growth. Ajay Srivastava, founder of GTRI and former Indian trade service officer, believes that CBAM should be the top agenda for India’s free trade agreement negotiations with the UK, EU, and Canada. “Carbon border tax will make FTAs with developed countries one-sided”. For example, 85% of India-Japan trade occurs at zero import duties. When Japan implements such a tax, Japanese products will continue to enter India at zero duties. Still, Indian products must start paying high carbon tax even though regular customs duties are zero (due to the FTA).”

“India should adopt a similar measure like CBAM but the formula should be per capita carbon emission and not total emission,” says Abhijit Das, former head of the Centre for WTO Studies, New Delhi.

Despite India not being a big polluter on per capita basis — its per capita emissions are lower than the world average — it has promised to achieve net zero emissions by 2070. Yet when it comes to the EU’s carbon tax, India is opposing it tooth and nail. As experts have pointed out, the very foundation of the carbon tax — that the EU will accept dirty steel or aluminium a long as it is bundled with some euros — is faulty. And if those euros are deployed to clean Europe’s dirty industries, it is tantamount to reverse climate financing from a poor nation to a rich bloc.

– Sourced from: The Economic Times (Apr 23, 2023)

Blog

How to Choose the Right type of Electric Vehicle, Tesla to TATA

April 20, 2023 admin

1) Battery Electric Vehicles (BEVs)

These vehicles are powered entirely by electricity from batteries and do not have an internal combustion engine. They store electricity in high-capacity batteries that power an electric motor. BEVs can be charged by plugging them into an electrical outlet or a charging station. Examples include Tesla Model S, Model X, Model 3, Model Y, and the Tata Nexon electric SUV, the Mahindra eKUV100 and e-Verito, and the MG ZS EV.

BEVs are most common and widely accepted in India. Brands like TATA and Mahindra have their strong hold on the market.

2) Plug-In Hybrid Electric Vehicles (PHEVs)

These vehicles have both an electric motor and an internal combustion engine. They can run on either electricity from their battery or gasoline. PHEVs have a larger battery than conventional hybrid vehicles, allowing them to travel longer distances on electric power alone. When the battery is depleted, the vehicle switches to the internal combustion engine, which powers the vehicle and charges the battery. PHEVs can be charged by plugging them into an electrical outlet or a charging station. Examples include Toyota Prius Prime, Chevy Volt, and BMW i3 REx.

3) Hybrid Electric Vehicles (HEVs)

These vehicles also have both an electric motor and an internal combustion engine, but the electric motor is used primarily to assist the gasoline engine rather than powering the vehicle on its own. HEVs cannot be plugged in and rely on regenerative braking to recharge their batteries. Regenerative braking captures the energy that is normally lost during braking and uses it to recharge the battery. Examples include Toyota Prius, Honda Insight, and Ford Fusion Hybrid.

4) Fuel Cell Electric Vehicles (FCEVs)

These vehicles use hydrogen gas to generate electricity to power an electric motor. They emit only water vapor and have a longer range than battery electric vehicles. However, there are currently limited fueling stations for FCEVs. The hydrogen gas is stored in high-pressure tanks, and when it is needed, it is passed through a fuel cell stack, where it reacts with oxygen from the air to produce electricity. Examples include Toyota Mirai and Honda Clarity Fuel Cell.

5) Neighborhood Electric Vehicles (NEVs)

These are small electric vehicles with limited speed and range capabilities. They are designed for short trips in neighborhoods and are typically used for tasks such as campus transportation, security patrol, or food delivery. They can be charged by plugging them into an electrical outlet or a charging station. Examples include GEM e2, Polaris GEM, and Zenn Electric. NEVs) are not very common in India, Brands like Mahindra created e2o and E-rickshaw (e-Alfa Mini) in this format, e-Alfa Mini had a good impact in market while e2o is discontinued.

Vehicle Type	Advantages	Disadvantages
BEVs	Zero emissions Lower operating costs compared to petrol vehicles Quieter operation Simple drivetrain with fewer moving parts Potential for renewable energy sources	Limited driving range Longer charging times compared to refuelling petrol vehicles Limited availability of charging infrastructure Higher upfront costs compared to petrol vehicles Battery degradation and replacement costs
PHEVs	Ability to switch between electric and petrol modes Longer driving range compared to BEVs Lower operating costs compared to petrol vehicles No range anxiety since they can be refueled like petrol vehicles Lower upfront costs compared to BEVs Potential for renewable energy sources	Higher upfront costs compared to petrol vehicles Limited electric-only range compared to BEVs Requires regular maintenance of two powertrains Limited availability of charging infrastructure
FCEVs	Zero emissions Refuelling time and range are similar to petrol vehicles Potential for renewable energy sources Quieter operation compared to petrol vehicles	Limited availability of refuelling infrastructure Higher upfront costs compared to petrol vehicles Limited driving range compared to petrol vehicles High cost of hydrogen fuel, Complexity of fuel cell technology
Petrol Vehicles	Widespread availability of fuelling infrastructure Lower upfront costs compared to alternative fuel vehicles Longer driving range compared to BEVs and PHEVs Familiar technology for consumers and mechanics	Higher operating costs compared to alternative fuel vehicles Dependence on fossil fuels and associated environmental impact Higher emissions compared to alternative fuel vehicles Noisier operation compared to electric vehicles

Blog

Things You Should Know Before Switching to Solar Energy

April 20, 2023 admin

1) Determine your energy requirements

Check your electricity bill: Look for the section on your bill that shows your monthly energy usage in kWh. This will give you an idea of how much energy you use each month.
Calculate your daily energy consumption: Divide your monthly energy usage by the number of days in the billing cycle to get your daily energy consumption. For example, if your monthly energy usage is 600 kWh and your billing cycle is 30 days, your daily energy consumption would be 20 kWh (600 kWh ÷ 30 days).
Consider your future energy needs: Think about any changes you might make in the near future that could affect your energy consumption. For example, if you plan to buy an electric vehicle or install new appliances, your energy needs may increase.

2) Choosing the right solar panels

Before choosing panel Watts (W), Kilowatts (kW), Kilowatt-hours (kWh), Megawatts (mW), Megawatts-hours (mWh), Gigawatt (gW).

W (watt) is a unit of power that measures the rate of energy.
kW (kilowatt) = 1,000 watts and is commonly used to express the power output of solar panels or the capacity of an inverter.
kWh (kilowatt-hour) is a unit of energy that measures the amount of electricity consumed or produced in an hour. It is commonly used to express the electricity consumption or production of a home or business.
MW (megawatt) = 1,000 kW and used to describe the size of large solar farms or commercial solar installations.
MWh (megawatt-hour) is a unit of energy that measures the amount of electricity consumed or produced in a hour for large-scale solar projects in megawatts.
GW (gigawatt) = 1,000 megawatts and is typically used to describe the size of large-scale power generation from solar power plants. Example: output of a nuclear power plant or a large hydroelectric dam.

**kW is commonly used to mention power of solar panel. There are various types of solar panels available in the market, including monocrystalline, polycrystalline, thin-film, and bifacial panels. Each type has its advantages and disadvantages, and you should choose the one that suits your requirements the best.

Monocrystalline solar panels are made from a single silicon crystal and are the most efficient type of solar panel, with a conversion efficiency of up to 22%. They are space-efficient and have a long lifespan, making them a popular choice for residential and commercial installations. However, they are more expensive than other types of solar panels.
Polycrystalline solar panels are made from multiple silicon crystals and are less efficient than monocrystalline panels, with a conversion efficiency of around 15%. They are less expensive than monocrystalline panels, making them a more affordable option for those on a budget.
Thin-film solar panels are made by depositing thin layers of photovoltaic material onto a substrate, making them lightweight and flexible. They have a lower conversion efficiency than monocrystalline and polycrystalline panels, but they are less expensive and can be used in a variety of applications, including building-integrated photovoltaics (BIPV).
Bifacial solar panels are designed to capture sunlight from both sides of the panel, increasing their overall efficiency. They are more expensive than other types of solar panels, but they can produce more energy in certain conditions, such as in areas with high albedo (reflectivity).

3) Inverters:

Inverters are an important component of a solar power system. They convert the DC (direct current) power produced by solar panels into AC (alternating current) power that can be used by homes and businesses.

A) There are three phases of electricity: Most homes use single-phase electricity, but larger homes or commercial buildings may use two- or three-phase power. While among 2 phase and 3 phase – 3 phase is most commonly used
B) Types of Inverters:

a. String Inverters: A string inverter is a central unit that connects all the solar panels in a series, called a “string,”. It’s usually installed on the wall of the building or in a dedicated box. They are typically less expensive than other types of inverters and are suitable for residential and commercial installations.
b. Power Optimizers: Power optimizers are similar to microinverters, but they are installed at the panel level and work in conjunction with a string inverter. They optimize the DC power output of each panel and then send the power to the string inverter, which converts it into AC power.
c. Microinverters: Microinverters are small, individual units that are installed directly on each solar panel. Each microinverter converts the DC power from its respective solar panel into AC power. They are more expensive than string inverters but offer some advantages, such as panel-level monitoring and better energy production in partially shaded conditions.

String inverters are typically the most common type of inverter used in residential and commercial PV systems because they are cost-effective and simple to install. Microinverters and power optimizers are also commonly used in certain applications where their unique features, such as panel-level monitoring or shade tolerance, are desirable.

C) Grids: The electricity that pass-through inverters either stored or directly used instant of storing.
a) Off-grid Inverters: When electricity generated and not used, excess energy can be simply stored, using batteries for after use, is called as off-grid inverters.
b) On-grid Inverters: When electricity generated from panel and directly used instant of storing is called as on-grid inverters. Any excess energy generated and that is not used in real-time will simply be lost.

4) Other Important components:

a) Connectors: Connectors are devices used to join two or more electrical circuits together. Types of connectors

These are the most widely used connectors in solar installations. They are easy to install, reliable and can be used with a wide range of wire sizes. They are also designed to be waterproof and UV resistant, making them ideal for outdoor use.
Tyco connectors: These are similar to MC4 connectors and are also widely used in solar installations. They are known for their durability and are commonly used in large-scale commercial installations.
Amphenol connectors: These are heavy-duty connectors that are designed for high-power applications. They are commonly used in utility-scale solar installations and can handle up to 1000 volts and 50 amps.
Tigo connectors: These connectors are designed for use with DC optimizers, which are used to improve the performance of solar panels. They are compatible with a range of wire sizes and can handle up to 600 volts and 30 amps.

b) Circuit breakers: Circuit breakers are electrical switches that automatically disconnect the circuit when it detects an electrical fault or overload, preventing damage to the system or appliances. Types of circuit breakers power rating: In India, MCBs come in different power ratings like are 6A, 10A, 16A, 20A, 25A, 32A, 40A, 50A, 63A, and 100A. When selecting an MCB for your electrical circuit, it’s important to choose an MCB with a power rating that matches the load of the circuit. It’s important to consult with a licensed electrician to determine the appropriate power rating of the MCB for your specific application to ensure proper protection of your electrical equipment and safety.

c) Back boxes: A back box is a protective box that holds your solar system components like the MCB and inverter. It’s important to choose the right size box that fits all the components and allows enough air flow to keep things from overheating. Back Boxes majorly mentioned with circuit breakers.

d) Energy meters: Energy meters are devices that measure and monitor the amount of electricity consumed in a building or by a specific appliance or device. They record the energy usage in kilowatt-hours (kWh) and are essential components in solar power systems as they help track the amount of electricity produced and consumed.

Blog

Worried About Maintenance of Solar Panels? Read Our Complete Guide

April 20, 2023 admin

Maintaining solar panels is essential to ensure that they operate at their maximum capacity and produce the expected amount of energy. Here are some important points to consider when it comes to maintaining solar panels:

1) Regular Cleaning

Solar panels should be cleaned regularly to ensure that they are free from dust, debris, and other pollutants that can reduce their efficiency. This can be done by using a soft brush and water. However, it is important to avoid using abrasive cleaners or tools that can scratch the panels.

2) Inspect Electrical Connections

It is important to inspect the electrical connections of the solar panel system on a regular basis. Any loose or corroded connections can result in decreased performance or even failure of the system.

3) Check Inverters

Inverters are the heart of the solar panel system and are responsible for converting the DC power produced by the panels to AC power that can be used by homes or businesses. Regular checks of the inverters are important to ensure that they are working properly.

Regularly monitoring the energy production of the solar panels can help to identify any potential issues early on. This can be done by checking the output of the system on a regular basis or by installing monitoring systems that can provide real-time data on the performance of the system.

5) Annual Maintenance

Annual maintenance of solar panels is recommended to ensure that they continue to operate at their maximum efficiency. This can involve a professional inspection of the system, including the panels, inverters, and electrical connections, as well as a thorough cleaning.

In summary, regular maintenance of solar panels is important to ensure that they operate at their maximum efficiency and continue to produce the expected amount of energy. While some maintenance tasks can be done by homeowners or businesses themselves, it is recommended to hire a professional for annual inspections and maintenance. By following these maintenance tips, solar panel systems can last for many years and provide a reliable source of renewable energy.

Blog

Top Ten Solar Energy Myths You Need to Know

April 20, 2023 admin

Solar energy has become an increasingly popular source of renewable energy in recent years. Despite its growing popularity, there are still many misconceptions surrounding solar energy. In this article, we will debunk some common solar energy myths in the context of India.

Myth #1: Solar panels are too expensive

One of the most common misconceptions about solar energy is that it is too expensive for the average person to afford. While it is true that the initial cost of installing solar panels can be high, the long-term benefits of solar energy outweigh the initial investment. In fact, the cost of solar panels has decreased significantly over the years, making it more affordable for homeowners and businesses alike.

In India, the cost of solar panels has decreased by around 80% in the last decade, making it a viable option for many people. Additionally, the Indian government offers various incentives and subsidies to encourage the adoption of solar energy, further reducing the cost of solar panels.

Myth #2: Solar panels require a lot of maintenance

Another common misconception is that solar panels require a lot of maintenance, making them a hassle for homeowners and businesses. In reality, solar panels require very little maintenance once they are installed. Most solar panels are self-cleaning, and any debris or dirt that accumulates can easily be washed away with a hose or rainwater.

In India, where the weather is sunny for most of the year, solar panels require even less maintenance. In fact, the dry weather conditions in many parts of India can actually help keep solar panels clean.

Myth #3: Solar energy is unreliable

Some people believe that solar energy is unreliable because it depends on the weather. While it is true that solar panels require sunlight to generate electricity, advances in technology have made solar energy more reliable than ever before.

In India, where the weather is generally sunny for most of the year, solar energy can be a highly reliable source of electricity. Additionally, many solar panels are equipped with battery storage systems that allow them to store excess energy generated during the day for use at night or during periods of low sunlight.

Myth #4: Solar panels are not effective in cloudy weather

While it is true that solar panels generate less electricity in cloudy weather, they are still effective in producing electricity. Even on a cloudy day, solar panels can generate up to 25% of their normal capacity. In fact, Germany, which has a relatively cloudy climate, is one of the world’s leading producers of solar energy.

In India, where the weather is sunny for most of the year, cloudy weather is not a major concern. Additionally, advances in solar technology have made it possible for solar panels to generate electricity even in low-light conditions.

Myth #5: Solar energy is not suitable for all types of buildings

Another common misconception is that solar energy is only suitable for certain types of buildings, such as new construction or buildings with flat roofs. In reality, solar panels can be installed on almost any type of building, including residential homes, commercial buildings, and even historic buildings.

In India, where there is a mix of old and new buildings, solar panels can be installed on almost any type of building. In fact, rooftop solar panels are becoming increasingly popular in India, with many homeowners and businesses opting for solar panel installation on their rooftops.

Myth #6: Solar panels are not durable

Solar panels are not durable: Solar panels are designed to withstand harsh weather conditions, including extreme heat and cold. They are made of durable materials and can last for 25 to 30 years or more with proper maintenance.

Myth #7: Solar energy is not suitable for all regions

While it’s true that some regions are better suited for solar energy than others, solar panels can be installed almost anywhere in India. Even areas with less sun exposure can still generate enough electricity to be beneficial.

Myth #8: Solar panels will damage my roof

Some people believe that installing solar panels will damage their roof, but this is not true if the installation is done correctly. Solar panels are usually mounted on a metal frame that is secured to the roof with bolts or screws. The installation process is designed to be non-invasive and will not damage the roof.

Myth #9: Solar panels will not work in the rain and will get spoiled

This is a common misconception about solar panels, but the truth is that solar panels can still generate electricity even when it’s raining outside. In fact, rain can sometimes help to clean the panels and improve their efficiency. Additionally, solar panels are designed to withstand various weather conditions, including rain and hail. So, there’s no need to worry about your solar panels getting spoiled during the rainy season.

Myth #10: Solar panels can't be used at night

This is a common misconception about solar panels, but in reality, solar panels can still produce energy during the night with the help of battery storage. During the day, the solar panels produce more energy than what is needed, and the excess energy is stored in batteries for use at night or on cloudy days. So, with the right battery storage system, solar energy can be used 24/7, providing a reliable source of electricity even when the sun isn’t shining.

Conclusion

As solar energy continues to grow in popularity, it is important to debunk common myths surrounding solar energy. Solar panels have become more affordable, require little maintenance, and are reliable even in less sunny conditions. They can be installed on almost any type of building and are designed to be durable. With the right battery storage system, solar energy can be used 24/7, making it a reliable source of renewable energy.

Blog

Going Green: The Ins and Outs of Installing a Solar Power

April 20, 2023 admin

Solar energy is becoming increasingly popular as a renewable energy source, and many homeowners and businesses are opting to install solar panels to reduce their energy bills and carbon footprint. If you’re considering installing solar panels, it’s important to understand the solar installation process to ensure that the installation is safe, efficient, and effective.

1) Consultation and Site Assessment

The first step in the solar installation process is to consult with a solar installation company to determine if solar panels are a good fit for your property. During the consultation, the installer will evaluate your energy needs, your roof’s orientation, and any potential shading issues. They may also discuss the financial incentives available to you, such as tax credits and rebates.

Once the installer has determined that solar panels are a good fit for your property, they will conduct a site assessment to evaluate your roof’s structural integrity, load capacity, and electrical connections. This assessment will help the installer determine the best location for the solar panels and the type of mounting system that will be required.

Once the site assessment is complete, the installer will design a solar panel system that meets your energy needs and is compatible with your roof’s structure. The design will include the number of solar panels required, the location of the panels, and the type of mounting system that will be used.

The installer will also obtain the necessary permits for the installation, which may include building permits, electrical permits, and zoning permits. The permitting process can take several weeks, so it’s important to start the process early to ensure that the installation is completed on time.

2) Installation

Once the permits have been obtained, the installer will begin the solar panel installation process. This typically involves installing the mounting system, followed by the solar panels themselves. The installer will also connect the solar panels to an inverter, which converts the direct current (DC) electricity generated by the solar panels into alternating current (AC) electricity that can be used to power your home or business.

The installer will also install a solar meter, which measures the amount of electricity generated by the solar panels and the amount of electricity consumed by your property. If your solar panels generate more electricity than you consume, the excess electricity can be fed back into the grid and you may be eligible for net metering credits.

3) Inspection and Interconnection

Once the installation is complete, the installer will schedule a final inspection with the local building department to ensure that the installation meets all building and safety codes. Once the installation has been approved, the installer will work with your utility company to interconnect your solar panel system with the grid.

Interconnection involves installing a bi-directional meter that allows electricity to flow both to and from the grid. This process can take several weeks, but once the interconnection is complete, you can start using solar power to meet your energy needs.

4) Maintenance and Monitoring

After the solar panel installation is complete, it’s important to maintain and monitor your system to ensure that it continues to operate effectively. This typically involves cleaning the solar panels periodically to remove any debris or dirt that may reduce their efficiency. You may also need to trim any nearby trees or foliage that may cast shade on your solar panels.

In addition, it’s important to monitor your solar panel system’s performance to ensure that it’s generating the expected amount of electricity. Many solar panel systems come with monitoring software that allows you to track your energy production in real-time and identify any potential issues.

Blog

Why Businesses Are Going Solar and How It Can Change Your Business Economics.

April 20, 2023 admin

1) Energy Independence

Solar panels provide energy independence by reducing reliance on traditional power sources and the risk of power outages. Solar energy systems can be scaled up or down depending on a business’s energy needs for all size of businesses and able to store excess solar energy generated and can be used during periods of high demand or when solar generation is low.

2) Cost Savings

By generating their own electricity, businesses can reduce their dependence on the grid and avoid rising electricity costs. According to a report by the Confederation of Indian Industry (CII), businesses in India can save up to 50% on their electricity bills by switching to solar energy. Additionally, businesses that invest in solar energy can take advantage of government incentives such as accelerated depreciation and tax benefits, which can further reduce the cost of solar installations.

3) Government Incentives & Tax Benefits:

Governments around the world offer various incentives to encourage businesses to invest in solar energy. These incentives can include tax credits, rebates, and grants.

Accelerated Depreciation: Businesses can claim up to 40% depreciation in the first year on solar panel systems under section 32 of the Income Tax Act, reducing their taxable income and lowering their tax liability.
Interest Subsidy: The Indian government, through the Ministry of New and Renewable Energy (MNRE), provides interest subsidies for solar projects in India ranging from 2% to 5.25% of the total project cost, depending on the project type and size.
Goods and Services Tax (GST) exemption: Solar panels and related equipment are exempt from GST in India, providing a 5-18% reduction in costs depending on the state in which the solar panels are purchased.
Capital Subsidy: The government provides a capital subsidy of 15% to 40% of the project cost for setting up solar power plants, depending on the size and type of project.
Income Tax: Section 80-IA of the Income Tax Act provides a tax holiday for a period of 10 consecutive years to businesses that generate power from renewable energy sources, including solar energy.

4) Reduce carbon footprint

Switching to solar energy can significantly reduce a business’s carbon footprint. According to the Solar Energy Industries Association (SEIA), a typical 100 kW solar panel system can offset approximately 180 tons of carbon dioxide (CO2) emissions annually. This is equivalent to planting 4,000 trees or taking 34 cars off the road each year. By reducing their emissions, businesses can demonstrate their commitment to sustainability and contribute to a more eco-friendly future. Additionally, solar energy generates electricity without producing any harmful emissions, making it a clean and renewable source of energy.

5) Brand Reputation

By adopting solar energy, businesses can create a unique and positive brand image that is associated with sustainability and environmental responsibility. In today’s world, consumers are increasingly concerned about the impact of businesses on the environment and are more likely to support companies that demonstrate a commitment to sustainability. This can lead to increased customer loyalty and trust, as well as positive media coverage.

6) ROI & Long-Term Investment

Investing in solar energy provides businesses with long-term cost savings and a positive ROI. International Renewable Energy Agency (IRENA) reports that solar power is cheaper than fossil fuels in most countries due to falling panel costs and increased efficiency. Lawrence Berkeley National Lab found that commercial properties with solar installations sell for 16% more on average, enhancing both ROI and property value.

7) Sell Carbon Credit and Net Metering

Carbon Credit certificate: Businesses can sell their carbon credits certificate on carbon markets to other companies that need to offset their carbon emissions, generating additional revenue while helping to reduce global greenhouse gas emissions.
Net Metering: Businesses can benefit from net metering, a system that allows them to sell excess energy generated by their solar panels back to the grid. This can help offset the initial cost of installing solar panels and generate additional revenue for the business.

Blog

Do You Know How Solar Panels Work?

April 20, 2023 admin

At the heart of every solar panel is a semiconductor material, usually made of silicon, which absorbs photons from the sun’s rays. When sunlight strikes the surface of the panel, the photons are absorbed by the semiconductor material, causing the electrons within the material to become energized and break free from their atomic bonds.

Once these free electrons are released, they can flow through the semiconductor material and create a flow of electricity. This flow of electrons is known as a direct current (DC), which can be used to power electronic devices or stored in batteries for later use.

But most of the electricity we use in our homes and businesses is in the form of alternating current (AC), which is why solar panels are connected to an inverter. The inverter converts the DC electricity generated by the solar panels into AC electricity that can be used to power household appliances and equipment.

The efficiency of a solar panel depends on several factors, including the quality of the semiconductor material, the amount of sunlight it receives, and the angle and orientation of the panel itself. Solar panels work best when they are installed in areas with high levels of direct sunlight, such as on rooftops or in open fields.

In recent years, advances in solar panel technology have made them even more efficient and affordable. New materials and designs have increased the amount of electricity that can be generated from a single panel, while improvements in manufacturing processes have brought down the cost of solar panels and made them more widely available.

In conclusion, solar panels generate electricity by converting sunlight into DC electricity, which is then converted into AC electricity by an inverter. While the efficiency of solar panels can vary depending on several factors, advances in technology have made them an increasingly popular and cost-effective source of renewable energy. By harnessing the power of the sun, we can reduce our reliance on fossil fuels and move towards a more sustainable and environmentally friendly future.

1 2