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Showing posts from May, 2021

Mining Electricity - 7 reasons why Solar Energy is hot

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If Petroleum was found 5 feet under our house, needed no further refinement or processing to use, the Government allowed us to use for ourselves as much as we want, our capital investment for this was manageable. Would we bother to extract it? Don't think too much for an answer - Yes we would. In fact, we would take anything out of it if its saleable or usable. In the case of industrial houses, there is much more to it than mining electricity and using it. They get an accelerated depreciation benefits of 40% - 40% - 20% in the first three years on their balance sheets. Its a great capital investment to set off against their earnings to get consistent returns over 25 years.  Can you think of another safe instrument of investment in today's time which almost guarantees a return? Any other natural resource is subject to depleting. Needless to say, if sunlight were to finish, we won't need a return on investment any more. So what hides behind this asset class - 1. High Capital ...

How do I choose a reliable EPC company for my Solar Rooftop project?

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Solar PV Projects come for a high initial capital cost. The returns come back all through 25 years or more. So it's very important that you don't err in selecting the right material and engineers to do the job. First, a good EPC company would ensure that you get a good product, correct design and service on your purchase. So if you are not a technical person, it's of prime importance that you do due diligence on the guys who will install at your place. Use a pen and paper and give rating to the companies that you meet on the basis of these. 1. Credentials :- Ask the number of projects they have done and what is the performance of the project. If possible check one or more of the customers to see if they have been given as committed. 2. Engineering understanding of the representative - if the representative has a good understanding of various versions of the product and it's quality, then there is a good chance that the whole company has an environment of engineering. I...