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Stiff challenges for the industry
Essential to reduce energy consumption
Upgrade business infrastructure and cooling devices
Install solar panel to use renewable energy resource
Contribution of the engineering sector has been central to human progress since the invention of the ‘wheel’. Improvement in healthcare, housing, nutrition, transport, communication, etc., have all been made possible through engineering feats.
While we acknowledge the role played by the engineering sector towards development of life as a whole, it’s also important to focus on the challenges faced by the sector and derive ways to overcome them. The primal challenge facing the industry is energy depletion. The need to reduce wastage and preserve energy is not only an engineering concern, but also a humanitarian one.
Saving energy is important in maintaining sustainability of the business, and improving production efficiency to maximize profits by reducing utility and operational costs. Here are few tips that can help preserve energy and reduce the power consumption in your engineering business:
Before you decide to implement any energy efficiency system, requiring considerable technical expertise and financial resources, make sure you get an energy audit done from a reputable organization. They will be able to analyze the different aspects of your business and recommend the best measures along with estimation of cost and financial benefits. After an energy check by qualified engineers, you’ll get insights outlining your current energy use, the energy saving solutions, and its implementation and monitoring.
With an expectedly large outlay of cash anticipated, consider taking an Engineer Loan from Bajaj Finserv, with Flexi Loan facility that offer you flexibility in withdrawals and repayments.
The business infrastructure, along with space heating and cooling are among the highest energy expenses in commercial buildings. They can be reduced significantly if you minimize the unwanted heat and air exchange between the building and the surroundings.
Use eco-friendly materials and heat reflectors in the building envelope to negate heat accumulation within the building, especially during summers. It is also recommended to upgrade or replace your cooling equipment like old air conditioners, heat pumps, water cool chillers and variable refrigerant flow (VRF) systems. You can also deploy an absorption chiller which eliminates the need of a compressor, thereby saving a substantial amount of electricity.
An eco-friendly VRF system can cost upwards of Rs.1,000 per sq.ft. You can finance the infrastructure upgrade with engineer loans.
Many businesses are resorting to alternate resources of energy owing to depletion of natural sources, and environmental compliances. Use of solar energy has emerged as a sustainable choice among the renewable sources of energy for its abundance, and cost-effective generation of electricity.
Installation of panels for utilizing solar power is a prudent investment to generate long term benefits. A grid connected solar panel can cost you between Rs.5 to 7 lakh per 10 kWp while an off-grid solar system for your workplace can cost around Rs.10 lakhs.
Install solar panels or upgrade your business infrastructure in order to minimize energy consumption and maximise your profits. Simply provide a few basic details and check out exclusive pre-approved loan offers for you.