Radio Club Makes History Again; Club to Sell Excess Electricity Back to the Grid
KOLKATA – August 24, 2016 – SolarTown Energy Solutions Pvt. Ltd. (SolarTown), a pioneer in India’s solar industry specializing in the sale, lease and installation of solar rooftop systems for residential, commercial and industrial customers, announces the installation of a 41 kW net-metered solar rooftop system at the historic Bombay Presidency Radio Club, one of Mumbai’s oldest clubs. The Bombay Presidency Radio Club, which opened in 1928, gained its name and historical significance for being the first radio station to broadcast in Mumbai. Nearly 100 years later, the Radio Club reaches a new milestone; the first commercial establishment in Mumbai to have a net-metered solar PV system installed on its building. This will enable the Radio Club to sell its excess electricity back to the grid under Brihanmumbai Electric Supply & Transport (BEST) and further reduce its utility bill. The Radio Club is estimated to save more than Rs.8,50,000 annually from its new solar system.
“We were tired of paying costly utility bills but were not sure how to cut costs without having to invest a lot of money,” said Rajesh Mehrotra, a member of the Managing Committee at the Radio Club. “After reviewing a number of proposals, we chose SolarTown because of their experience, product quality and the fact that they could deliver a reliable solar rooftop solution that would save us on our electricity bill without depleting capital. This installation gives us the triple benefit of saving on our operating expenses without any capital investment while also reducing our carbon footprint.”
The Radio Club entered into a no upfront cost[i], 25-year lease agreement with SolarTown at a rate that is 35 to 40 percent lower than their utility tariff. The installed system delivers clean power at a fixed cost over the length of the lease and includes maintenance services. The rooftop system will offset 20 percent of the Radio Club’s energy consumption from the grid and more than 1,189 tons of carbon dioxide over the lifetime of the solar installation.
“We are proud to be the first commercial establishment to commission a net-metered solar rooftop installation in Mumbai, giving our customers another reason to opt for solar without the burden of huge upfront costs,” said Vikram Dileepan, founder and CEO of SolarTown. “It gives us great pleasure to make history alongside an esteemed organization like the Radio Club, while enabling them to meet their green energy goals and save dramatically on their electricity bills.”
The Radio Club, located on the Arabian Sea, required a solar PV solution built to withstand wind speeds of 200 kmph during monsoons. SolarTown constructed high grade solar structures with a special grade coating coupled with high quality weatherproofing to prevent corrosion. The system was installed over two rooftops to maximize electricity generation.
SolarTown has a performance guarantee along with worry-free O&M service included with all its solar installations, covering any required repairs and replacement parts during the term of the lease.
About SolarTown Energy Solutions Pvt. Ltd.
SolarTown Energy Solutions Pvt. Ltd. is a pioneer in India’s solar industry specializing in the sale, lease and installation of solar rooftop systems for residential, commercial and industrial customers. SolarTown empowers businesses and homeowners to take control of their electric bills by adopting clean solar power at a fixed cost that is lower than DISCOM rates. Shielding its customers against rising energy costs, SolarTown offers two options: direct purchase of a system with accelerated depreciation tax benefits and payback periods as low as five years, or lease of a system with no upfront costs and a fixed rate going forward. Its confidence in its systems is reflected in a unique 15-year performance guarantee and hassle-free O&M service. With over 100 installations and an impressive customer base of some of India’s top corporates, such as Infosys, Axis Bank, RBL Bank, Renault-Nissan, Plant Engineering and Aachi Group, SolarTown is India’s preferred supplier of solar rooftop systems from 1 kW to 300 kW. For more information about SolarTown Energy Solutions Pvt. Ltd., visit http://solartown.in/.
[i] Nominal refundable security deposit