Servotech has begun indigenous manufacturing of EV charger components, aligning with the Make in India initiative, further enhancing our role in India’s clean energy and sustainable infrastructure sectors, articulates Raman Bhatia, Founder and Managing Director of Servotech Power Systems Limited.

Q1: What were the key factors behind the company’s strong 41 percent year-on-year revenue growth in Q1FY25? With net profit growth at 9 percent, what strategies can be implemented to further enhance profitability?

The strong revenue growth was an amalgamation of many factors. However, key factors among them were the growing demand for EV chargers and renewable energy solutions, supported by government initiatives like the FAME scheme, PM Surya ghar muft bijli yojana, etc. The company’s strategic focus on expanding its presence across new markets, coupled with partnerships for large-scale EV infrastructure projects, also contributed significantly to revenue growth.

Additionally, continuous innovation and the introduction of high-tech products in the EV and solar segments helped capture a larger market share. Despite this strong revenue growth, there is room for improving profitability. Strategies to enhance margins include cost optimization through streamlining operations and improving supply chain efficiency, diversification into high-margin product lines, and expanding service offerings such as maintenance or subscription-based models. Furthermore, investing in automation and digital tools can help improve operational efficiency, reduce costs, and enhance overall profitability.

Q2: Could you provide insights into the company’s product portfolio and the contribution of each segment?

The company’s product portfolio majorly includes technologically advanced EV chargers which include a high range of both AC and DC EV Chargers and solar solutions like solar panels, solar inverters, and solar batteries. The company’s major source of revenue comes through EV chargers and solar solutions which are in high demand due to the shift toward sustainable energy.

We want to further capitalize on the growing market by expanding its offerings and scaling its operations in both the EV charging and solar energy sectors, solidifying its position as a key player in the green energy industry.

Q3: What is the company’s current order book, and how is it distributed among clients, particularly Oil Marketing Companies (OMCs)?

Servotech Power Systems Ltd. has a strong and diversified order book, demonstrating high demand for EV charging and solar solutions, especially from Oil Marketing Companies (OMCs). In 2024, the company secured an order for approximately 5,100 units of DC Fast EV chargers from BPCL, IOCL, HPCL, and other EV charger OEMs. Additionally, Servotech has an order for 52 EV charging stations from nodal agencies and DISCOMs.

The company also continues to work on solar projects, including a 1.2 MW Solar Energy Storage and Grid-connected System order from UPNEDA, expanding its presence in the renewable energy sector by promoting solar power solutions nationwide.

Q4: Is the company planning any capital expenditures? Additionally, what are its current top three strategic priorities?

Yes, the company is planning capital expenditures to support its growth in both EV charging infrastructure and renewable energy solutions. Investments will focus on expanding manufacturing capabilities, enhancing R&D for product innovation, and scaling the deployment of solar and EV charging systems.

The company’s top three strategic priorities include:

– Expanding Manufacturing Facility to meet the growing demand for EV chargers and solar energy solutions efficiently handling larger volumes of orders, reducing lead times, and maintaining high-quality standards across its product portfolio.

– R&D and Product Development through investing heavily in research and development to introduce new technologies, such as faster-charging solutions, smart energy management systems, and advanced solar inverters, catering to both domestic and international markets.

– Investment and In-house Development of EV Charger Components to reduce reliance on imports but also enhance the company’s control over product quality, supply chain resilience, and cost efficiencies.

Q5: What is your outlook for India’s electric equipment industry? Also, how does the company plan to leverage opportunities from government initiatives such as Make in India, the FAME Scheme, and the PM Suryodaya Yojana?

The future of India’s electrical equipment industry looks highly promising. According to reports, the market is projected to grow at a CAGR of 11.68 percent from 2023 to 2027, reaching a value of USD 52.98 billion, with the industry expected to double in size by 2030, achieving a market valuation of USD 130 billion.

Key drivers of this growth include the increasing number of residential and commercial building projects, rising power generation from renewable energy sources, and growing investments in the power sector. Servotech is well-positioned to capitalize on these opportunities, leveraging government initiatives like the PM Suryodaya Yojana. As an authorized vendor, the company has partnered with 62 DISCOMs to deliver cutting-edge solar solutions.

Additionally, Servotech has begun indigenous manufacturing of EV charger components, aligning with the Make in India initiative, further enhancing its role in India’s clean energy and sustainable infrastructure sectors.

Originally Published on: https://www.dsij.in/dsijarticledetail/interview-with-raman-bhatia-founder-and-managing-director-of-servotech-power-systems-limited-id004-43026

Raman Bhatia, Managing Director of Servotech Power Systems Ltd., has more than 25 years of experience in the field of renewable energy. He led the electric vehicle chargers and solar products business for Servotech Power Systems Ltd. When the company got listed on the NSE in 2017, he made a success out of the same. Leadership is most passionate about sustainability, clean energy solutions, and multiple awards under his leadership in the ‘green energy’ space.

The rise of sustainable energy is pivotal in the global battle against climate change, serving as an essential component for both planetary well-being and economic growth. As societies confront the pressing challenges of resource depletion, exploring alternatives like solar, wind, and hydropower becomes crucial for transitioning toward a sustainable future. Various sustainable energy sources offer significant benefits, but challenges must be overcome for widespread adoption. The role of industry leaders in fostering innovation and collaboration is crucial, as their efforts are transforming energy systems to create a greener tomorrow.

In an exclusive interview with SiliconIndia, Raman Bhatia, Managing Director of Servotech Power Systems Ltd. emphasized that digital transformation and strategic partnerships can be the best tools to foster innovation and ensure sustainability in a rapidly evolving market. Sustainability coupled with new technologies can efficiently meet new challenges while taking hold of new growth avenues for long-term growth.

1. How are industry leaders fostering innovation to stay competitive in today’s rapidly evolving market?

Embracing digital transformation is key to staying competitive in today’s rapidly evolving market. By investing in research and development (R&D) and forging strategic partnerships, leaders are leveraging advanced technologies like AI, and IoT, to streamline operations, enhance customer experiences, and create innovative products. Cultivating a culture of innovation that fosters employee creativity, experimentation, and calculated risk-taking keeps them ahead of market trends. Additionally, collaborating with startups and academic institutions allows access to cutting-edge ideas and technologies, driving continuous improvement and maintaining a competitive edge in an ever-changing landscape.

2. What key strategies are being adopted to promote sustainable growth while balancing profitability?

To achieve sustainable growth while balancing profitability, companies are adopting renewable energy solutions, optimizing resource efficiency, and embracing circular economy models. Leaders are prioritizing sustainable supply chains, using data analytics to minimize waste, and exploring new revenue streams in eco-friendly products and services to attract environmentally conscious consumers. Key strategies include focusing on long-term planning, reducing environmental impact, and maintaining social responsibility, all while aligning business practices with ethical and sustainable principles for lasting growth.

Leaders are prioritizing sustainable supply chains, using data analytics to minimize waste, and exploring new revenue streams in eco-friendly products and services to attract environmentally conscious consumers.

3. What role do sustainable practices play in shaping the future of businesses across different sectors?

Sustainable practices are essential for shaping the future of businesses by ensuring long-term viability, reducing environmental risks, and complying with regulatory standards. With growing consumer demand for eco-friendly products, companies are pressured to adopt sustainable strategies. In sectors like energy, automotive, and manufacturing, these practices drive innovation, lower costs through energy efficiency and waste reduction, and attract investors. By focusing on sustainability, businesses can enhance customer retention, mitigate risks, and unlock new opportunities for growth while addressing climate change.

4. What innovations in renewable energy are seen as pivotal to driving long-term sustainability efforts?

Key innovations in renewable energy include breakthroughs in solar technologies, advanced energy storage solutions like next-gen batteries, and smart grid systems that optimize energy distribution. Hydrogen fuel is emerging as a clean energy carrier for transportation and industry, while bioenergy innovations are reducing reliance on fossil fuels. These advancements are driving the global transition toward clean energy and enhancing the efficiency, cost-effectiveness, and reliability of renewable power.

5. How is digital transformation reshaping traditional industries and the way they operate?

Digital transformation is revolutionizing traditional industries by automating processes, optimizing supply chains, and enabling data-driven decision-making. Technologies like cloud computing, AI, and IoT are helping businesses enhance customer experiences, personalize services, and accelerate innovation. In sectors such as manufacturing, retail, and finance, digital tools are streamlining operations, reducing costs, and creating opportunities for new business models. This transformation is reshaping industries by improving efficiency, disrupting traditional value chains, and driving personalized, data-driven customer experiences.

6. How are businesses adjusting their budgets to meet changing market demands and ensure sustainable growth?

Businesses are reallocating budgets to prioritize investments in technology, sustainability initiatives, and innovation. By trimming unnecessary expenses and automating repetitive tasks, companies can invest in digital tools that provide long-term savings. They are adopting agile financial strategies that enable rapid adaptation to changing market demands while maintaining a focus on profitability and sustainable growth. This adjustment involves prioritizing innovation through research and development, investing in sustainable practices to enhance competitiveness, optimizing costs through process improvements, and building resilience against economic downturns and market fluctuations.

7. What emerging technologies hold the most potential for enhancing efficiency and customer engagement across sectors?

Emerging technologies such as artificial intelligence (AI), machine learning, blockchain, and 5G are playing a transformative role in the renewable energy sector, significantly enhancing efficiency and customer engagement. AI-driven solutions optimize energy consumption and improve predictive maintenance, while machine learning algorithms analyze vast amounts of data for better decision-making. Blockchain technology facilitates secure and transparent energy transactions, enabling peer-to-peer energy trading and enhancing supply chain traceability. Internet of Things (IoT) devices connect renewable energy sources, such as solar panels and wind turbines, to smart grids, allowing for real-time monitoring and improved resource management. Additionally, advancements in robotics automate maintenance tasks, enhancing safety and operational efficiency. These technologies are paving the way for a more sustainable energy future, driving innovation and growth in the renewable energy landscape.

Note: This Interview is Originally Published on SiliconIndia.com

Click the link: https://industry.siliconindia.com/viewpoint/ceo-insights/sustainable-solutions-how-industry-leaders-are-shaping-the-future-of-renewable-energy-nwid-47118.html

The last few years have seen a lot of growth and changes towards sustainability. Who would have thought that solar energy would be able to create such a significant impact on our lives by creating an alternative energy source to fuel our lives?

Solar panels play an important role in the journey toward making India a solar-powered nation. As customers who want solar panels, we often get confused about which brand to choose. Many solar panel brands in India are producing top-notch and high-quality solar panels and in this blog, we are going to tell you about the top solar brands in India that will help you easily switch to solar energy! 

List of the Top Solar Panel Brands in India 2024

Here is the list of top solar panel brands in India that will provide high-quality solar panels and help you easily switch to solar!

1. Servotech Renewable Power System Ltd.

Servotech Renewable Power System Ltd. is one of the renowned brands in the solar energy sector. With over 20 years of experience, the company manufactures top-notch solar solutions, including solar panels, solar inverters, and solar batteries. Servotech is India’s leading solar company with an extensive project portfolio and has successfully delivered various solar power projects to numerous state governments, state nodal agencies, fuel retailers, oil refineries, and other key stakeholders. The company’s commitment to quality and innovation has made it a trusted name in the industry, contributing significantly to India’s renewable energy landscape.

2. Tata Power

Tata Power Solar Systems is a prominent industry leader in the solar energy business. Recognized for its excellence in producing top-tier solar panels within the Indian market, the company has successfully delivered an impressive 1.4 GW of solar modules globally over the last two decades. With a diverse product portfolio that includes solar PV modules, solar rooftop solutions, and solar water pumps catering to a wide range of applications.

3. Vikram Solar

Vikram Solar is one of the most reliable solar panel brands in India. With 10+ years of experience and a presence across 32 countries, Vikram Solar has done several key residential and commercial solar projects.

4. Loom Solar

Loom Solar is one of India’s leading solar panel-making companies specializing in mono-perc solar panels and lithium batteries. The company manufactures a wide range of solar panels, from 10 watts to 450 watts, which are super high-efficiency panels. Established in 2018 with its main office in Faridabad, Haryana, Loom Solar has an impressive manufacturing capacity of 100 MW. 

5. Goldi Solar

Founded in 2011, and headquartered in Surat, Gujarat, Goldi Solar manufactures high-end solar panels with a client base comprising several international brands in 20+ countries. The company has a manufacturing capacity of 500 MW and has added another 2000 MW, leading to a capacity of 2.5 GW.

6. Navitas Solar

Navitas Solar, with over three decades of experience, specializes in manufacturing Polycrystalline, Mono PERC, and TOPCon Solar Panel PV Modules ranging from 40 to 720 Watts per panel. The company has a remarkable manufacturing capacity of 2 GW. Navitas Solar has served 1000+ clients across India, 

7. Adani Solar

Adani Solar is a subsidiary of Adani Enterprises Ltd. and boasts a robust cumulative capacity exceeding 1.5 gigawatts for solar cells and modules. With a robust portfolio of solar PV modules and solar power solutions, Adani Solar focuses on research and development. The company continually strives to push the boundaries of solar technology, driving efficiency and performance to new heights.

8. Renewsys Solar

Specializing in producing solar modules and essential components such as solar PV cells, black sheets, and encapsulants, RenewSys Solar has been catering to the renewable energy needs of over 40 nations worldwide. The company has two state-of-the-art manufacturing facilities in India that have helped cement its position as a global solar energy modules provider. The company’s commitment to quality and innovation underscores its significant contribution to the advancement of sustainable energy solutions internationally.

9. Waree Solar

Formed in 1989, Waaree Energies Ltd is a Mumbai-based corporation with over 360+ locations in India and 68 overseas countries. It is one of the top solar panel-making companies in India, with stunning 2 GW module production facilities in Surat. Waaree Energies is also the first organization in the country to have an in-house NABL Lab Facility. With over 32 years of expertise, they provide solar rooftop solutions and various other services.

Conclusion 

The government has been actively promoting the use of solar energy across India by introducing new schemes, subsidies, and policies. The future looks promising for solar energy and related industries. With the rising global demand for sustainable solar solutions, the top 10 solar panel manufacturers are set for significant growth. Their role in India’s energy transition is crucial, and their contributions will be essential to reaching the country’s ambitious renewable energy goals.

When we think about installing solar panels, sunny summer days may seem like the perfect time. But what if we told you that the rainy season is actually the best time to get started? It might sound surprising, but there are many reasons why installing solar during the monsoon season can be a smart move. The monsoon season offers unique advantages for homeowners and businesses considering to install solar panels.

As a leading solar manufacturer in India, we often hear questions like: “Will solar panels work in cloudy weather and at night?” “Will solar generate power when there is no sun and only rain?” “What about rusting and corrosion during heavy rains?” We provide detailed insights and data to clarify these common concerns.

Top 7 Reasons Why the Monsoons are the Perfect Season to Install Solar Panels

Let’s discuss why the monsoon is the right time to install solar systems. Here are the top 7 reasons why the monsoons are the perfect season to install solar panels:

1. Lower Demand, Better Deals

During the monsoon season, the demand for solar panel installations tends to decrease. Many people believe that solar panels won’t be as effective during cloudy and rainy days, which isn’t entirely accurate. This reduced demand often translates into better deals, discounts, and promotions from solar installation companies. Taking advantage of these offers can significantly reduce your initial investment costs.

2. Efficient Testing Conditions

Monsoons provide varied weather conditions, including cloudy skies, rain, and occasional sunshine. This range of weather conditions allows for effective testing of the solar panel system. Installers can better evaluate and optimize the system’s performance under diverse conditions, ensuring it works efficiently throughout the year.

3. Power generation slows during monsoons but never stops.

Solar panels rely on light to generate electricity. So, even during the rainy season, they continue to produce power. While heavy rain can reduce power generation, it doesn’t stop it completely due to the ability to absorb light. Moreover, solar panels will generate enough electricity in the summer to compensate for any reduction during the rainy season. Overall, investing in solar energy is an all-weather investment

4. Rainfall plays a crucial role in naturally cleaning solar panels 

One clear advantage of installing your solar panels during the rainy season is that rain naturally cleans the surfaces. Dust and dirt can accumulate on solar panels, reducing their effectiveness, but rainwater washes this away. This means maintenance requires minimal effort, keeping your panels efficient with less need for manual cleaning.

5. Foundation Strength

The foundation of your solar panel system is made from concrete. Installing it during the rainy season can benefit the curing process. Moreover, curing happens faster if it is done during rain. Rain helps naturally cure concrete, making it stronger than artificially cured foundations with a gain of over 30%. This additional power ensures that your system stays solid and long-lasting through the years.

6. Rain impacts mounting structures, panels are rain-resistant.

You might be concerned about the effects of rain on your solar panels, but the good news is they come with built-in water resistance features. However, it is essential to monitor the mounting structure, which is made from rust-proof materials such as zinc-coated and galvanized steel, or aluminum. These materials withstand the elements, keeping your panels intact and free from rust. Strong mounting structures are designed to resist high winds, ensuring your system remains intact. For example, some mounting structures are built to remain firm even when faced with cyclonic winds moving at 170 mph.

7. Government Incentives and Policies

Governments often roll out incentives and policies to promote renewable energy installations throughout the year. During the monsoon, there might be specific schemes or rebates aimed at encouraging installations before the end of the financial year. Keeping an eye on these incentives can provide additional financial benefits.

Conclusion

Installing solar panels is a long-term investment in sustainability. Over time, the cumulative benefits of reduced electricity bills, lower carbon footprints, and energy independence far outweigh the initial investment and seasonal considerations. Servotech Power Systems Ltd is your trusted partner in making this transition. Our expertise and dedication to quality make us the leading solar company in the area. So, if you’re ready to experience the power of the sun, reduce your environmental impact, and also save on energy costs, contact our experts today. We’re here to help you make an informed decision and start saving with solar energy.

India’s Prime Minister Narendra Modi announced the ‘Pradhan Mantri Suryodaya Yojana’ on 22nd January 2024, a government initiative aiming to provide rooftop solar power systems to one crore households in India.

Expressing the idea during the auspicious occasion of the consecration in Ayodhya, PM Narendra Modi emphasized the significance of solar energy and said, “All the devotees of the world always get energy from the light of Suryavanshi Lord Shri Ram. Today, on the auspicious occasion of consecration in Ayodhya, my resolution further strengthened that the people of India should have their own solar rooftop system on the roofs of their houses. The first decision I have taken after returning from Ayodhya is that our government will launch “Pradhanmantri Suryodaya Yojana” with the target of installing rooftop solar on 1 crore houses. This will not only reduce the electricity bill of the poor and middle class but will also make India self-reliant in the energy sector,” said Prime Minister Narendra Modi on X.

This decision was revealed upon his return from Ayodhya, where he participated in the consecration ceremony of Lord Ram Lalla at the newly built Ram Janmabhoomi temple.

What is Pradhan Mantri Suryodaya Yojana?

1) The initiative targets the installation of rooftop solar panels in one crore households from the poor to the middle class, aiming to provide electricity from solar energy.

 2) Emphasizing its broader impact, the prime minister highlighted that the scheme not only intends to reduce the electricity bills of the poor and middle class but would also make India self-reliant in the energy sector.

3) In a proactive move, PM Modi has called for a nationwide campaign to encourage widespread adoption of rooftop solar among residential segment consumers, as reported by Business Today.

4)  Rooftop solar panels are photovoltaic panels installed on the roof of a building that is connected to the main power supply unit. This setup reduces reliance on grid-connected electricity, resulting in cost savings for consumers.

5) Solar rooftop systems involve an initial capital investment and minimal maintenance costs, offering a cost-effective and sustainable energy solution.

As of December 2023, the Ministry of New and Renewable Energy reports a total solar power capacity of approximately 73.31 GW in India. Additionally, the rooftop solar installed capacity stands at around 11.08 GW. To support such initiatives, the government has already implemented the National Rooftop Scheme, providing financial assistance equivalent to 40% of the capital cost for solar rooftop projects.

Pioneering Manufacturers Shaping India’s Green Energy Landscape 

Embarking on the ambitious mission to solarize one crore households marks a substantial leap forward, propelling the rooftop solar sector and solidifying India’s standing as a frontrunner in embracing sustainable energy practices globally. Beyond meeting immediate energy requirements, this groundbreaking initiative aligns with overarching environmental and economic objectives for the nation. The ripple effects of this initiative extend to various solar industry manufacturers and stakeholders, playing a pivotal role in the transformation of India into a more environmentally sustainable nation. Here, we highlight key players in the solar manufacturing sector who are making noteworthy contributions to harnessing solar energy and fostering India’s journey towards a greener future.

List of Top Solar Panel Manufacturers in India 

Here is the list of Top Solar Panel Manufacturers in India. From cutting-edge technology and innovation to a rich legacy and a commitment to green energy, these manufacturers showcase the diverse expertise required to drive India’s solar revolution. 

1. Servotech Renewable Power System
2. Tata Power Solar
3. Adani Solar 
4. Waree Solar 
5. Gensol Engineering 

Top Solar Batteries Manufacturers in India 

Here is the list of Top Solar Batteries Manufacturers in India. These companies stand out for their dedication to cutting-edge technology, a rich legacy in the industry, and an unwavering commitment to green energy initiatives. By leveraging innovative approaches, they play a pivotal role in driving India’s solar revolution forward.

1. Servotech Renewable Power System 
2. Luminous India
3. Exide
4. Okaya
5. Microtek 

List of Top Solar Inverter Manufacturers in India 

Here is the list of Top Solar Inverter Manufacturers in India. With a focus on sustainability and advanced technology, these companies play a crucial role in shaping India’s position as a leader in the global transition toward cleaner and more environmentally friendly energy solutions.

1. Servotech Renewable Power System
2. Microtek 
3. Luminous
4. Su-Kam Power Systems 
5. Livguard 

Conclusion 

In conclusion, the Pradhan Mantri Suryodaya Yojana, represents a monumental step towards transforming India into a solar-powered nation, emphasizing the significance of solar energy in fostering self-reliance and underscoring the government’s commitment to widespread adoption of rooftop solar among residential consumers. As India strides forward in solarizing households, major manufacturers of solar panels, solar batteries, and solar inverters play a crucial role. These companies, with their cutting-edge technology, rich legacy, and unwavering commitment to green energy, are pivotal in driving India’s solar revolution and contributing to the nation’s environmental sustainability and economic objectives. The collaborative efforts of the government and solar industry manufacturers are instrumental in shaping India’s leadership in the global transition towards cleaner and more sustainable energy solutions.

Solar panels are devices that convert sunlight into electricity and constitute a  crucial component of solar energy systems. When considering solar panels for your home or business, you’ll likely encounter two primary types: monocrystalline and polycrystalline. Each has its unique set of characteristics, advantages, and considerations. In this blog, we’ll explore the key differences between these two popular technologies, helping you make an informed choice for your solar energy needs. Whether you’re a solar enthusiast or simply curious about the technology powering the sun’s energy conversion, read on to uncover the truth of monocrystalline and polycrystalline solar panels.

Monocrystalline Solar Panels

Monocrystalline solar panels are a type of solar panel which are made from a single crystal of silicon which gives them their name ‘monocrystalline’. These panels are also known for their high efficiency and sleek appearance.

Advantages of Monocrystalline Solar Panels

 Monocrystalline Solar Panels offer several advantages which makes them a popular choice for many solar energy applications. Here are some of the key advantages of monocrystalline solar panels:

i) High Efficiency

Monocrystalline Panels are known for their high efficiency in converting sunlight into electricity. Their efficiency rate ranges from 16%-23% which makes them an excellent choice for maximizing energy production. 

 ii) Space Efficiency

Monocrystalline Panels produce more power per square foot, making them space-efficient. This is particularly advantageous for residential installations with limited roof space or for commercial installations where maximizing power output in a confined area is essential.

 iii) Longevity

Monocrystalline Panels are durable and have a long lifespan. They can last for 25 years or more with proper maintenance, making them a reliable long-term investment for renewable energy generation. 

iv) Appearance

Monocrystalline Panels often have a sleek and uniform black appearance due to their single-crystal structure. This aesthetic quality can be appealing to homeowners and businesses. 

v) Energy Output

Monocrystalline Panels consistently produce more energy over their lifespan compared to lower-efficiency panels, which can result in higher energy savings and shorter payback periods for solar installations.

vi) Environmental Impact

These Panels are an environmentally friendly energy source, as they produce electricity without emitting greenhouse gases or other harmful pollutants, contributing to a reduction in carbon footprint. 

Polycrystalline Solar Panels

Polycrystalline Solar Panels, also known as multicrystalline solar panels, are another type of solar panel. They are manufactured from multiple small crystals of silicon which gives them their name ‘polycrystalline’ or ‘multicrystalline’.

Advantages of Polycrystalline Solar Panels

Polycrystalline Solar Panels offer several advantages that make them a viable choice for solar energy applications. While they may not be as efficient as monocrystalline panels, they have their own advantages. Here are some key advantages of polycrystalline solar panels:

i) Cost Effective

Polycrystalline Panels are generally more cost-effective to manufacture compared to monocrystalline panels. This can result in a lower cost for solar installations, making them a budget-friendly option for those looking to go solar.

ii) Durable and Long-Lasting

These panels are durable and have a long lifespan, often exceeding 25 years with proper maintenance. This durability ensures that they provide a reliable and long-term source of renewable energy.

iii) Optimal Space Usage

According to the space availability, we can use the different variations of polycrystalline panels. This is specifically beneficial when there is less space available.

iv) Environmental Benefits

Like all solar panels, polycrystalline panels produce electricity without emitting greenhouse gases or other harmful pollutants, contributing to a reduction in the carbon footprint.

v) Temperature Tolerance

They tend to perform well in high-temperature environments. They are less sensitive to temperature variations compared to some other panel types, which can lead to better performance in hot climates.

vi) Variety of Manufacturers

Polycrystalline Panels are widely available from various manufacturers, providing consumers with options to choose from.

Difference between Monocrystalline and Polycrystalline Solar Panels

Here are the main differences between Monocrystalline and Polycrystalline Solar Panels:

1. Crystal Structure

Monocrystalline Panels: They are made from a single crystal structure. They consist of a single, continuous crystal lattice of high-purity silicon.

Polycrystalline Panels: They are made from multiple small silicon crystals. These crystals are not aligned in a single, continuous lattice and have a more random arrangement.

2. Efficiency

Monocrystalline Panels: These panels have efficiency rates of 15-22% or more, making them more efficient at converting sunlight into electricity

Polycrystalline Panels: These panels have low-efficiency rates of 13-16%, making them less efficient in converting sunlight into electricity as compared to monocrystalline panels.

3. Cost

Monocrystalline Panels: They are often more expensive to manufacture, resulting in higher upfront cost 

Polycrystalline Panels: They are more cost-effective to produce, making them a budget-friendly option for solar installations.

4. Space Efficiency

Monocrystalline Panels:  These panels produce more power per square foot, making them space-efficient. They are a good choice when space is limited.

Polycrystalline Panels: These panels may require more space to generate more amount of electricity than monocrystalline panels due to their lower efficiency. 

4. Appearance

Monocrystalline Panels:  Monocrystalline Panels often have a sleek and uniform black appearance due to their single-crystal structure. This aesthetic quality can be appealing to homeowners and businesses. 

Polycrystalline Panels: Polycrystalline solar panels have a blue or dark blue color. This is due to the anti-reflective coating on the surface, which helps improve the panel’s efficiency by reducing the reflection of sunlight.

5. Performance in Low Light

Monocrystalline Panels: They tend to perform slightly better in low light conditions such as cloudy days, compared to polycrystalline panels. 

Polycrystalline Panels: These panels have reasonably low light performance but may not be as efficient as monocrystalline panels in such conditions.

6. Temperature Tolerance

Monocrystalline Panels: They are less sensitive to temperature variations and can handle high temperatures effectively.

Polycrystalline Panels: They can also handle high temperatures but may be slightly less temperature resistant than monocrystalline panels.

Conclusion

Solar panels are essential components of solar energy systems, converting sunlight into electricity. Two primary types of solar panels: monocrystalline and polycrystalline, offer unique advantages. Monocrystalline panels, crafted from a single crystal of silicon, are well known for their high efficiency and sleek appearance. They excel in converting sunlight into electricity, making them ideal for limited spaces. With proper maintenance they can last over 25 years, ensuring a reliable long-term investment. Monocrystalline panels also perform well in high-temperature environments and produce more energy over their lifespan, reducing payback periods. Moreover, they are environmentally friendly, emitting no greenhouse gases. Polycrystalline panels, made from multiple small silicon crystals, are cost-effective and durable. They require less space for the desired energy output which makes them suitable for regions with limited installation space. Polycrystalline panels also contribute to reducing the carbon footprint. The choice between monocrystalline and polycrystalline panels depends on factors like space availability, budget, and environmental conditions. Monocrystalline panels excel in efficiency and longevity while polycrystalline panels are a cost-effective option. One thing remains the same, both contribute to a sustainable energy future.

With the increasing demand for renewable energy sources, solar power has gained significant attention as a clean and sustainable option. Solar energy not only helps reduce carbon emissions but also provides an opportunity for individuals and businesses to generate their own electricity. One of the key mechanisms that enable solar system owners to take advantage of their excess energy production is net metering. In this article, we will explore the procedure of net metering for on-grid solar systems.

What is Net Metering?

Net metering is a billing arrangement that allows solar system owners to connect their photovoltaic (PV) systems to the electric grid. Under this arrangement, any excess electricity generated by the solar system is fed back into the grid, and the owner receives credits for the surplus energy. These credits can then be used to offset the energy consumed by the grid when the solar system is not producing sufficient electricity, such as during nighttime or cloudy days.

Benefits of Net Metering Solar

Certainly! Here are 5 important benefits of net metering solar:

• Financial Savings

Net metering allows solar system owners to offset their electricity bills by generating excess energy and feeding it back into the grid. By receiving credits for the surplus electricity produced, they can significantly reduce their overall energy costs. This can lead to substantial savings on monthly utility bills, making solar power a financially viable investment.

• Renewable Energy Promotion

Net metering encourages the widespread adoption of renewable energy sources, particularly solar power. By incentivizing individuals and businesses to install solar panels, net metering helps increase the overall share of clean energy in the electricity grid. This promotes sustainability, reduces greenhouse gas emissions, and mitigates climate change.

• Grid Support and Stability

Solar systems connected through net metering contribute to the stability and reliability of the electricity grid. During times of high solar energy production, excess electricity is fed back into the grid, reducing the strain on traditional power plants. This distributed generation approach helps to meet energy demands and minimizes the need for costly grid infrastructure upgrades.

• Local Job Creation and Economic Growth

The adoption of net metering and solar power systems stimulates local job creation and economic growth. The installation, maintenance, and monitoring of solar systems require skilled professionals, fostering employment opportunities within the renewable energy sector. Furthermore, the growth of the solar industry can attract investments, drive innovation, and contribute to a sustainable economy.

• Energy Independence and Resilience

Net metering empowers individuals and businesses to become energy self-sufficient and less reliant on the traditional power grid. By generating their own electricity, they gain greater control over their energy supply and reduce their vulnerability to power outages or price fluctuations. This increased energy resilience enhances the overall stability and security of the energy system.

Read also: Detailed Guide for 1kW Solar System

How does Solar Net Metering Work?

When you have a rooftop solar system, there is a possibility that it can often generate more electricity than you consume during daylight hours. With solar net metering, the homeowner is only billed for the “net” energy used each month, that is the difference between the energy produced by the solar power system and the energy consumed by the house or the business over the monthly billing period. When your house or business is net-metered, depending upon local authorities’ policies, you may get a credit to hedge against the electricity you use from the grid when it’s not sunny. You are then billed only for your “net” energy use.

Process of Net Metering Installation

The process of installing net metering involves many steps. Here you will get the step-by-step process of net metering installation:

1. Assess Eligibility

Before diving into the net metering process, it is essential to determine if you are eligible for net metering. The eligibility criteria may vary depending on the country or state where you reside. Generally, residential, commercial, and industrial customers with on-grid solar systems are eligible. Some factors considered for eligibility may include the size of the solar system, local regulations, and the capacity of the electricity grid.

2. Contact Your Utility Provider

Once you have confirmed your eligibility, the next step is to get in touch with your utility provider. Inform them about your intention to install a solar system and inquire about their net metering program. They will provide you with the necessary information and guidance on the specific requirements and procedures to follow.

3. Install the Solar System

To participate in net metering, you need to install a solar PV system on your property. It is recommended to engage with a reputable solar installer who can assess your energy needs, determine the optimal system size, and install solar panels in compliance with local regulations and safety standards. The installer will also assist you in obtaining the necessary permits and approvals.

4. Application Submission

After your solar system is installed, you will need to submit an application for net metering to your utility provider. The application typically includes details such as the system size, capacity, location, and expected energy production. Additionally, you may need to provide documents like the interconnection agreement, electrical diagrams, and any other information required by the utility.

5. System Inspection and Interconnection

Upon receiving your net metering application, the utility provider will review it and schedule an inspection of your solar system. This inspection is conducted to ensure compliance with safety and technical standards. Once the system passes the inspection, the utility provider will proceed with the interconnection process, allowing your solar system to be connected to the grid.

6. Net Metering Agreement

Before the net metering arrangement begins, you will need to sign a net metering agreement with your utility provider. This agreement outlines the terms and conditions of the net metering program, including the credit calculation methodology, billing procedures, contract duration, and any additional requirements or restrictions.

7. Energy Production and Billing

With the net metering system in place, your solar system will start generating electricity. The excess energy produced by your system will flow into the grid, and you will receive credits for it. These credits will be deducted from your future electricity bills, offsetting the cost of electricity you consume from the grid during periods of low solar production.

8. Ongoing Monitoring and Maintenance

Once the net metering arrangement is active, it is important to regularly monitor your solar system’s performance and energy production. Additionally, routine maintenance and cleaning of the solar panels should be carried out to ensure optimal efficiency. If any issues arise, it is advisable to contact your installer or utility provider for assistance.

How much Do Solar Net metering Installations Cost?

The cost of the installation of solar net metering is between 10,000-15,000 approximately. This price range includes testing of the equipment as well. However, depending on the customer, if the quantity of energy produced by the owner’s system exceeds the amount of energy consumed then the cost may vary.

Conclusion

Net metering provides solar system owners with an attractive financial incentive and encourages the adoption of renewable energy. By enabling the seamless integration of solar power into the grid, net metering plays a crucial role in promoting a sustainable energy future.

It is important to note that the net metering procedure may vary in different regions, so it is always recommended to consult with your local utility provider and follow the guidelines specific to your area.

Read also: The Ultimate Guide to Solar Panels For Home Installation

The solar energy sector has huge potential to keep the industrial wheels running and power homes with free electricity. We however still need to develop the required infrastructure to provide the best quality solar panels and other products in the required quantity in the market. We have carefully prepared a list of the top 10 Solar panel manufacturers in India that are providing the best quality solar panels. 

List of Top 10 Solar Panel Manufacturers in India 2023

Here you will get the list of top 10 solar panel manufacturers in India 2023 as big names in the solar energy sector. They are continuously offering the best quality solar panels to actively contribute to a clean environment and free energy solutions. Have a look

1. Tata Power Solar

Tata Solar is serving in the industry for over 3 decades. It provides solar panels to generate clean energy for residences, commercial & industrial and institutions. Tata Power Solar module manufacturing lines have an in-house production capacity of 635MW for modules and 500MW of cell manufacturing lines with a capacity of 528MW. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC, and O&M solutions for various business segments like utility-scale projects, solar rooftops, and solar pump systems. 

2. Adani Solar

Adani Solar was incorporated in 2016. This solar panel manufacturer in India has a 4 GW manufacturing capacity. The company offers mono facial & bifacial modules (in PERC Technology) which help to tap solar energy. Currently, Adani Solar is creating an ecosystem for 10 GW Solar PV Manufacturing in India.  

3. Servotech Renewable Power System Ltd.

Servotech is an award-winning solar panel company in India that significantly contributes to clean energy generation with meticulously engineered solar panels. This frontline solar products manufacturer in India boasts a wide experience of over 18 years and maintains an extensive range of highly beneficial solar energy products like Solar Inverters, Solar Batteries, Solar Panels, etc. Servotech offers a complete range of solar solutions including Solar EPC Services. 

Servotech Renewable Power System Ltd. has a wide profile of projects and successfully delivered various solar power projects to many state governments, state nodal agencies, fuel retailers, oil refineries, etc. Servotech Power Systems Limited also manufactured India’s first portable solar rooftop system PV Ports which was installed at various famous and unique public places in India.

Servotech has also developed a solar performance monitoring & controlling device ComPort in association with GIZ. The Servotech R&D team has also developed a Solar-powered Carport. Besides, Servotech maintains a pan India presence with over 1000 dealers and continuously increases its channel partner distribution network. 

4. Waaree Energies Ltd

Waaree Energies Ltd. was founded in 1989. Since its beginning, it has covered a long journey of more than 3 decades and now comprehends a manufacturing capacity of over 12GW. Waaree Energies is the largest solar panel manufacturer in India and maintains a noticeable position in the solar energy sector while having a presence in over 380 locations in India & 20 foreign nations. 

Read more: Can Your House Run on a 5kW Solar System?

5. Vikram Solar

Vikram Solar was founded in 2006. A presence in the solar energy sector of more than 32 countries, experience in the installation of 1.42 GW projects in India, and annual manufacturing capacity of 3.5 GW modules make Vikram Solar a competent brand in the solar energy industry. This solar panel manufacturer is ambitiously working to meet India’s green energy goal of 500 GW by 2030. So far, Vikram Solar has commissioned more than 300 projects at multiple locations. 

6. Goldi Solar

Gujarat-based Goldi Solar was started in 2011. It offers solar energy products in the domestic market as well as in 20 other countries. Goldi Solar has achieved a record growth from 10 MW to 500 MW manufacturing capacity in a span of just 10 years. Goldi Solar has annual manufacturing capabilities of 2.5 GW and currently planning to add another 2000 MW by the end of 2023. 

7. Saatvik Green Energy Pvt. Ltd.

Saatvik Green Energy Pvt. Ltd. started its journey in the solar sector in 2015 from Haryana. It actively contributes to the solar energy sector with an annual production capacity of 1 GW. This solar panel manufacturer has its manufacturing plant in Ambala (Haryana) and soon going to set up another one with a capacity of 1.2 GW at Gandhidham, Gujarat.  

8. Renewsys India

Since beginning in 2011, Renewsys India has covered a long journey of 12 years and moving ahead with a total installed module manufacturing capacity of 2.75 GW. It offers a long range of solar products including Solar panels, PV Cells, PV Encapsulants – EVA & POE, and PV back sheets. RenewSys supplies solar products to over 40 countries. This solar panel manufacturer has three manufacturing plants in Bengaluru, Hyderabad, and Patalganga. 

9. Loom Solar Pvt. Ltd

Loom Solar entered the solar panel manufacturing industry of India in 2018 from Faridabad, Haryana. Currently, it offers solar panels to generate clean energy as well as maintains a channel sales network with over 3500 resellers in over 500 districts of Indian states. The annual manufacturing capacity of Loom Solar stands at 100 MW.   

10. Patanjali

With an existing capacity of 72 MW Patanjali is another solar panel manufacturer in the solar energy sector of India. Currently, Patanjali is ambitiously trying to increase operational capacity up to 500 MW by the end of 2023.  

Conclusion

Easy availability of solar products in the market can appropriately solve the problems of shortage of power supply and keep the environment clean against highly polluting electricity-generating procedures. The solar industry also needs to create a viable framework to benefit more and more people.

Read more: How Much Savings You Can Make with a Solar System  

When this Bangalore school went fully solar, it made waves and raised quite a few eyebrows. Many schools are exploring the installation of new solar power systems as solar energy becomes more inexpensive. Solar power has been shown to be a more cost-effective and environmentally friendly alternative energy source during the last few decades. Energy costs for K-12 schools cost taxpayers billions and billions of dollars per year. Furthermore, institutional energy expenses are anticipated to be pretty high than what is actually required for day-to-day operations. As a consequence, many schools and educational institutions are employing solar energy systems as a permanent cost-cutting approach.

Why Should Schools Implement Solar?

Academies are an essential aspect of any community because they provide a safe environment for students to study and grow. When a school decides to explore solar energy and sustainable energy, it is setting a precedent for the general populace to follow. Solar energy reduces the building’s dependency on conventional (and pricier) power sources in the long run. Schools can devote their finances to other objectives, such as better instructional programs or community improvement projects, by lowering power expenses.

However, switching to solar energy does not always imply that a school will use less energy. Solar energy, on the other hand, allows schools to use fewer fossil fuels, which are more expensive and have a detrimental influence on the environment. While the initial expenditures of opening a larger school will undoubtedly be high, the savings will more than compensate for the initial outlay. In addition, schools can use a variety of financing alternatives to cover the upfront costs of installing integrated solar power systems.

Benefits of Going Solar for Education Institutions

1) Proper Utilization of Flat Roofs through Solar

The fact that many homes do not have ideal roofs or placement types for solar makes a PV installation less expensive and is a barrier for the residential solar business. The usual school layout is suitable for a solar installation due to flat roofs that provide lots of shade-proof space for the installation. The material of a building’s roof and the angle of its roof can have a big impact on solar panel output and efficiency, which is why this compatibility indicator is so crucial.

2) Unlock Substantial Cost-Saving Opportunities

Electricity prices have risen steadily over the last decade, and the cost of electricity is anticipated to rise further in the future. Going on the autonomous path and installing solar to generate autonomous electricity from the school’s rooftop is an obvious method to take control of energy expenditures. Solar may significantly contribute to savings for a school when you combine this commercial-scale benefit with the fact that educational institutions are always seeking ways to decrease operational expenses and lower tuition dues.

3) Make a Sustainable-First Statement

These days, students seek schools that champion green policy and sustainable practices, making solar-powered universities a very appealing alternative. A large solar array on a school’s roof is a simple approach to developing a green power brand and gives students an edge when choosing between two universities with similar attractiveness. Furthermore, schools are connected with innovation, thus having the newest, most environmentally friendly, and most efficient kind of energy will undoubtedly establish confidence that a school is actually advanced.

5 Ways You Can Solarize Your Schools at Scale

5 ways where you can solarize your School with An Optimum Solar Solution.

1) Solar panel Installation on the Roof

Nowadays many schools have plenty of roof space available for solar panels to be installed. Solar panels can be installed on any roof that is structurally solid and strong enough to support the weight of the panels while also receiving constant sunshine. The most frequent application of solar installation is a roof mount system. Underneath the roof, electrical conduits are inserted and connected to solar panels put on the roofing framework.

2) Solar Canopy Installation in Parking Lots

Solar panels can be mounted on top of shade structures in parking lots, enabling the school to capture substantial solar energy while protecting automobiles from the sun’s heat. These can be affixed to existent canopies which are strong enough to sustain the panels’ weight. Considering the method necessitates starting from scratch, it’s a high-cost, high-reward solar solution.

3) Earthed Solar Installation

Surfaced systems are analogous to pole-mounted panels for they are connected to metal platforms and installed on flat outer surfaces, like grounds. These are the most convenient and cost-effective solar energy systems to install. Many surface-mounted solar panels can be put on uni-axis or Omni-axis systems that move in tandem with the sun’s rotation, allowing them to absorb more solar energy across the day.

4) Photovoltaic Systems Integrated into Structures

This form of solar panel system is incorporated straight into the framework of a building, as the names suggest. Solar PV systems have previously been installed on building roofs and walls using customized panels or solar tiles, allowing for extended flexibility for schools.

5) Horizontal Blinds for Solar Shade

Solar panel systems can be mounted on canopies and eaves that also provide shade across the campus. Canopies over stadium seats, playgrounds, and other areas on campus that receive a lot of sunshine are examples of this.

How Servotech Can Facilitate Your School’s Solar Requirements?

Servotech is a major player in the solar industry, offering complete sustainable engineering, procurement, and construction Solar EPC services in India. With a successful project footprint covering several government projects, we also have the expertise to actualize solar goals for schools according to their scalability needs.

Conclusion

Schools play a critical role in ensuring that communities across the country and around the world have a bright future. Schools can use solar electricity to power their equipment and facilities and serve as a role model for the rest of the community to follow, by shifting to this clean energy source.

Read also: Ultimate Guide For Solar Panels Maintenance

Solar panel maintenance is minimal with a properly installed solar system. However, keep the following maintenance guidelines in mind to keep your solar system in good working order.

Tips for Solar Panels Maintenance

Once correctly established, a solar energy system requires little upkeep. A good solar system can easily last for more than 15 years. Solar panels, in fact, come with a 25-year performance warranty. With proper care, you can expect a consistent and maximized output over a lengthy period of time. Here are the best tips for maintaining solar panels :

1. Cleaning Solar Panels

Cleaning the solar panels is simple but time-consuming. It guarantees that the solar cells are not obscured and receive the most amount of insolation possible. Solar panels must be kept clean in order to maximize their energy output. Cleaning the glass on the panels is a straightforward task that can be repeated as needed depending on the amount of grime that has accumulated. Use a gentle towel or wash rag and biodegradable soap to clean the panels. If you’re merely dealing with dust, a hose pipe filled with water can be used to spray the panels.

2. Keep Away from Shading

When you conduct a thorough site investigation prior to installation, one of the things you want to avoid is shading. Once the panels are in place, keep an eye out for shading, such as new high trees, which will reduce the amount of energy produced by the system. You don’t have to cut down trees, but you can prune them to keep the panels from being shadowed.

3. Performance Monitoring

Monitoring the system’s performance on a daily, monthly, quarterly, and annual basis is the only approach to notice a problem.

Solar panel upkeep is required on a daily basis. Daily checks should include checking the inverter display for proper operation and the presence of the green light, failing which you should consult the handbook. Also, keep a daily record of the system’s output so that you can track its success over time. This is something that most modern inverters and monitoring software will take care of for you.

The cleanliness of the panels, as well as the collection of any dust and debris under and around the PV array, is checked on a monthly and quarterly basis. Annual maintenance checks are more rigorous and should include a complete examination of the entire system to ensure that it is functioning properly.

Read Also: Top 10 Solar Panel Manufacturers in India

Yearly Solar Panels Maintenance Cost

The following are some of the annual solar panels maintenance cost services:

·   Review the daily performance statistics to discover any large variations in output as a general performance check of the system.

·   Ensure that the solar panels are clean, free of fractures, scratches, corrosion, moisture infiltration, and browning.

·   Cabling should be double-checked to confirm that it is secure and that string voltages are within the specified tolerance.

·   Ensure that the mounting hardware is in excellent working order and that the earth connection is maintained.

·   Inspection of junction boxes to check that there is no water collection and that the lid seals, connections, and clamping devices are in good working order.

·   Breakers must be inspected for any damage and the isolation devices must function properly.

·   Water damage to fuse boxes and resistive joints on connections is checked.

·   Inspect the inverters for any damage, check for any resistive joints on connections, and confirm the DC voltage entering the inverter.

How much does it cost to maintain a PV solar system?

One of the most nerve-wracking aspects of your day or week can be waiting for the call to find out how much a repair will cost. We’ve been there before. The bad news is that the cost of a solar system repair varies greatly. The good news is that it won’t matter if you buy high-quality parts and work with an installation that will stand behind its work.

You may be insured if something goes wrong with a piece of equipment. For a set amount of time, manufacturers’ warranties include solar panels, inverters, batteries, and racking.

You may be covered by a solar installation guarantee, depending on the solar EPC company you choose. These warranties are in addition to the manufacturers and pertain to the actual design and installation of your system. Our Triple Ten Guarantee at Paradise Energy protects your system above and above the manufacturer’s warranties on your equipment, ensuring that your panels stay operational.

Another thing to consider is the cost of removing and reinstalling your solar panels if your roof has to be repaired. Depending on the system size, site circumstances, and the entire scope of required repair, this may cost homeowners anywhere from Rs.3,000 to Rs.10,000. Businesses could spend upwards of Rs.20,000 on advertising.

Conclusion

Solar panels are among the most low-maintenance house upgrades available. Many panels, in fact, outlast their 30-year warranties; panels from the 1970s are still providing power today! When it comes to your solar panels, though, a little extra attention can go a long way. Better health means more efficiency, which means your solar panels will last longer.

Read Also: The Ultimate Guide to Solar Panels For Home Installation