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Solar Solutions for a Brighter Future: Solar energy is more than just panels – it’s about empowering people. At Terranxt, we focus on solutions that make a real impact on your life and business. Our team of experts, combined with the user-friendly pynXT platform, ensures a seamless experience from consultation to installation and beyond. Together, we can shape a brighter, cleaner future.
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Assumption: Refer below table for the details:-
Name | Details |
Sanctioned load | 20kWp |
Per unit electricity rate | 8.01 INR |
Debt | 70% |
Equity | 30% |
Module cost | 40 INR/Wp |
Debt interest rate | 9% |
Equity return | 11% |
Discount rate | 7% |
O&M expense | 0.5 INR/Wp/year |
1. Project Name:
2. Total Roof Area:
3. Sanctioned Load:
4. Roof Type:
5. Roof Area For Solar:
1. Discom Provider:
2. Discom Provider Type:
3. Monthly Unit:
4. Per Unit Electricity Rate:
A solar plant reduces carbon dioxide emissions through clean energy production. On average, each unit of solar energy prevents 0.7 kg of CO2 emissions and is equivalent to planting of 2 trees.
Annual CO2 Reduction: To estimate CO2 reduction, we need to make assumptions about the grid’s carbon emission factor. Let’s assume a typical value for India of 0.8 kg CO2/kWh.
Annual CO2 Reduction = Annual Energy Generation (kWh) x Grid Carbon Emission Factor (kg CO2/kWh)
Annual CO2 Reduction = 26280 kWh/year * 0.8 kg CO2/kWh = 21024 kg CO2/year = 21.02 tons/year
Lifetime Tree Planting Equivalent:
Lifetime Tree Planting Equivalent = Annual CO2 Reduction / Tree Carbon Sequestration Rate
Lifetime Tree Planting Equivalent = 21.02 tons/year / 1 ton CO2/tree/year ≈ 21 trees
The “cost of project” refers to the total expenses associated with planning, designing, procuring materials, installing, and commissioning a solar energy system.
System Cost = Sanctioned Load (kWp) x Module Cost (INR/Wp)
System Cost = 20 kWp x ₹40/Wp = ₹800,000
Total Electricity Generation is the overall amount of electrical energy produced within a specific time period, typically measured in megawatt-hours, reflecting the aggregate output from various power sources.
Monthly Generation (as per usable roof area): This would depend on the actual usable roof area and the solar irradiance at the location. Let’s assume a monthly generation of 27909.86 kWh/month as given in the image.
Annual Generation (as per usable roof area):
Annual Generation = Monthly Generation x 12 months
Annual Generation = 27909.86 kWh/month x 12 months = 334918.32 kWh/year
Monthly Generation (as per sanctioned load): This would depend on the actual energy generation of the installed system. Let’s assume a monthly generation of 1741.75 kWh/month as given in the image.
Annual Energy Generation: Assuming a capacity factor of 15% for the 20 kWp system:
Annual Energy Generation = System Capacity (kWp) x Capacity Factor (%) x 24 hours/day x 365 days/year
Annual Energy Generation = 20 kWp x 0.15 x 24 hours/day x 365 days/year = 26280 kWh/year
Annual Generation (as per sanctioned load):
Annual Generation = Monthly Generation x 12 months
Annual Generation = 1741.75 kWh/month x 12 months = 20901 kWh/year
Financial savings refer to the surplus or leftover funds that result from reducing expenses or increasing income, leading to a positive difference between income earned and money spent over a specified period.
Monthly Gross Saving/Net Saving:
Monthly Gross Saving = Monthly Energy Generation (kWh) x Per Unit Electricity Rate (INR/kWh)
Monthly Gross Saving = 1741.75 kWh/month x ₹8.01/kWh = ₹13961.38/month
Monthly Net Saving = Monthly Gross Saving - Monthly O&M Cost
Monthly Net Saving = ₹13961.38/month - (20 kWp x ₹0.5/Wp/year / 12 months) = ₹13961.38/month - ₹8.33/month = ₹13953.05/month
Annual Savings:
Annual Savings = Monthly Net Saving x 12 months
Annual Savings = ₹13953.05/month x 12 months = ₹167,436.60/year
Lifetime Savings (25yrs):
Lifetime Savings = Annual Savings x Project Lifetime
Lifetime Savings = ₹167,436.60/year x 25 years = ₹4,185,915
Payback Period:
Pre-tax IRR: