Various sectors, including agriculture, have realized the benefits of cost savings from switching to solar energy. For a hydroponics farmer, recovering the cost of the solar system in three years, saving on electricity costs, which was more than half of the monthly expenses, and contributing to the environment have been the major advantages of going solar.
For Harbar S. Dhindsa, the co-founder and Chief Marketing Manager of Farmcult, solarizing his 2.5-acre hydroponics farm was "utilizing nature's potential."
Dhindsa has saved over ₹25,000 (~$291) per month in electricity bills over the past four years. "Electricity accounted for over 60% of our monthly expenses. The decision to move to solar power helped us put those funds towards innovation," said Dhindsa.
Located in Punjab's Rupnagar district, the 15 kW system powers all of the farm's operations. "Besides growing vegetables, we also use the farm for research and development purposes. We spent approximately ₹750,000 (~$8,747) on installing the system. While we did not receive any subsidy, we have recovered the installation cost in the past three years," he says.
Read more at Mercom