Investing in renewable energy is an excellent way for corporates to be more sustainable. Going green improves the company’s bottom line, but it also attracts customers and new clients. Most corporates may not see the benefits in converting to renewable energy and may not find it worth the effort to choose an alternate source of power to meet their energy requirements. However, investing in renewable energy has a lot of benefits to offer for corporates. Here are a few ways corporates can benefit from investing in renewable energy.
Reduced Electricity Bills
Over the years, the shortage of non-renewable sources of energy such as natural gas, oil, and fossil fuels is only rising; with increasing scarcity the unit price is only expected to go up. This means larger bills, especially for those plants and manufacturing units that have a lot of energy consumption. When one part of your operating expenses start to rise exponentially, you tend to cut costs elsewhere and may end up losing out to your competitors, especially those who are using renewable energy.
Since the Government of India is actively promoting adopting renewable energy, they give a lot of concessions and exemptions – transmission and wheeling charges or a part of it can be exempted depending on the state you are in. There is income tax exemption and other such exclusions that can significantly reduce your electricity bills. It is an economically intelligent investment to make.
Better Public Relations For Your Corporate
People have increasingly expressed the desire to work with socially conscious or environmentally conscious businesses. By showing customers, clients, and the entire community that their well-being matters, it has a very positive impact on the company. Intelligent business decisions like switching to solar energy go to prove that you care about planet earth and are making strategic choices towards it. Going green will actually benefit the world while giving you a great PR boost. Choosing renewable energy over traditional energy could act as a differentiator and be why a client or customer chooses you over your competitor.
Less Disruption In Your Service
The increased demand and pressure on conventional forms of energy result in load shedding and interrupted work. Bad weather and power cuts can hamper your operation and cost you; the longer the situation lasts, the more money you lose. Renewable energy companies such as AMP Energy India are addressing the problem of storage from renewable sources of power, leading to a more stable and distributed supply of power as compared to the traditional forms. Even if it rains or the sun is not shining, their grid-connected battery storage facilities will ensure that there is no disruption in the flow of electricity.
Reduced Global Warming Emissions
Global warming is very real and gravely impacting our planet, and relying on coal and natural gas acts as a few of the biggest contributors to global warming. Installing, manufacturing, and maintaining links with renewable energy may contribute to global warming, but the damage is way lower. There are some renewable energy forms that produce no emissions at all. When you switch to a renewable form of energy, you contribute to a healthier environment.
Great Return On Investment
Last but not least, as a business owner, a return on investment is vital when making any business decisions. By adopting renewable energy, corporates may view the initial investment as significant, but it helps save money in the long run. Lower bills, less money being spent on repairs and maintenance fees, and more money back in the business.
