Considering the rising costs of energy and power in Pakistan, commercial rooftop solar systems offer an attractive option to meet these costs. Besides, these solar panels are also socially and environmentally friendly. In addition, you can enjoy the benefits of Third party ownership and tax benefits. This makes them a viable option for both commercial and industrial applications.
Third party ownership
The concept of third party ownership of commercial rooftop solar systems in Pakistan is not new, but it is only now getting more mainstream in Pakistan. The principle of this model is simple: the solar power provider pays for the installation of the solar rooftop, and sells the electricity to the customer for a rate lower than the grid tariff. It is often referred to as the "renewable energy company" model. In Pakistan, third party ownership of commercial rooftop solar systems is only 10 percent - a small fraction of the market. And it has been slow to gain traction in Pakistan, because of the risks of contract default and the high cost of solar energy.
With this model, the commercial solar power producer receives the electricity from the solar panel installation without paying upfront. This enables them to avoid the cost and hassles of owning and maintaining the PV system. This model also allows the commercial solar power producer to get a subsidized electricity tariff rate, without having to worry about operational costs. Moreover, they do not have to worry about maintaining or repairing the system, and can choose the right mix of solar energy for their commercial property.
Profitability
The profitability of a commercial rooftop solar system is determined by a variety of factors, including its size and location. First of all, the system must generate enough energy to offset the cost of installation. For example, the system must generate at least one million kilowatts of electricity per year and must cover at least 100,000 square feet of rooftop space, or 2.5 acres of cleared land.
Second, it is necessary to account for inflation, depreciation, and the life of the system. Simple payback formulas do not consider these costs. REC Solar's proposals factor in these factors, as well as costs specific to solar installation. The company's payback formula also accounts for taxes on energy bill savings. Similarly, it accounts for utility kilowatt-hour rates, demand charges, and other factors that are specific to commercial rooftop solar projects.
Costs
The costs of a commercial rooftop solar system in Pakistan are influenced by various factors. The first is the size of the system. The size of the system will depend on the number of solar panels installed. In general, the larger the solar panels, the more expensive they will be. For example, a 5 kW solar system will require nine panels of 530 watts, and a small system of 345 watts will need 15 panels. A 5 kW system with this capacity can generate 600 units of electricity.
Besides the size of the system, the costs of installation of a commercial rooftop solar system in Pakistan will depend on the size of the solar panels used. The smallest solar panels in the market cost around $8,450, while the largest systems will cost up to $12,400.
From childhood, we have been writing essays on environmental pollution.
Thus we all know the reasons behind the pollution and what we should do to restrict the polluting agents to get assimilated into the environment.
But after knowing almost everything about environmental pollution, we are still using the conventional sources of energy which are the main source of pollution.
This is why the experts are asking continuously to use a different source of energy that will not pollute the environment.PV system installation can be the first step for you if you want this earth to be pollution-free.
This unconventional source of energy captures the sunlight or to be specific, the photon particles of the sunlight and transforms them into electricity.
The silicon cells of the PV system make electricity when it is brought into the sunlight.
Choose the right system When choosing to install solar power – also called a solar photovoltaic (PV) system – it's important to consider what size will suit your needs.
For example, do you want to go carbon neutral, or do you want to add battery storage?
You should speak to your electricity retailer and installer because installing solar power might impact your current electricity tariff.
Some energy retailers require solar customers to shift to time-of-use tariff.In many cases it will be possible to install a PV system that generates as much, or more, electricity as you use in a year Solar Panels in Melbourne
