Galaxy Solar Energy Pvt. Ltd.

https://www.startus.cc/company/galaxy-solar-energy-pvt-ltd

Plot no. 6A Near Purti Bazar, Besa Road, Crown Society, Besa

Nagpur Maharashtra 440027

India

Website

https://www.facebook.com/galaxysolarenergypvt/

General information:

Galaxy Solar Energy Pvt. Ltd. is one of India’s most diversified and fastest growing solar power solution company with a presence across the solar power value chain. Galaxy Solar Energy is an experienced turn-key solar engineering, procurement and installation company who helped pioneer the solar power industry in Central India. Founded in Nagpur in 2017, Galaxy Solar is 100% focused on solar PV with over 200 solar projects installed across India, Headquartered in Nagpur, Maharashtra. We are comprised of dedicated and highly trained experts and professionals in Solar Power Industry because we believe in giving our best to those who think for a greener future.

OUR MISSION

To be the top-notch solar service provider in Central India. To lead the business in renewable energy sector, providing a safe and secure environment without compromising on the quality, policy, and value of the company.

OUR VISION

We believe in creating a safe and sustainable future for our next generation, species and places with a low carbon environment, safe for all with a minimal impact of weather changes. We are committed to giving our clients the highest level of service possible. Our priority is to give a quality work to our clients and satisfy them with our service.

Company information:

Company type:

Company

Industry:

Energy and Utilities

Founded when:

Sunday, 1 January, 2017

Startup stage:

Mature stage (being profitable)

Funding needs:

currently no funding needs

Types of jobs in the company:

Other Occupations

Total numbers of employees:

100

Products and Services:

Grid-Connected Solar PV System

Product category:

SOLAR PV SYSTEMS

In grid connected rooftop or small SPV system, the DC power generated from SPV panel is converted to AC power using power conditioning unit and is fed to the grid either of 33 kV/11 kV three phase lines or of 440/220 V three/single phase line depending on the local technical and legal requirements. These systems generate power during the day time which is utilised by powering captive loads and feed excess power to the grid. In case, when power generated is not sufficient, the captive loads are served by drawing power from the grid.The concept of rooftop solar is based on the scale of the PV plant rather than the fact whether it is situated on a roof/terrace or not. Hence, the definition of RTS also includes small solar plant on the ground.

SOLAR SYSTEM BUSINESS MODEL

Product category:

CAPEX and RESCO Business Model

Capex mode is the most common business model for solar deployment in India. Capital expenditures are provided by the rooftop owner. In this model the consumer purchases the solar system, by making 100% of the payment upfront or financing the system, often through a bank. In Capex model the end consumer can own the asset and claim accelerated depreciation and save taxes. Setting up of a 100 kWp project can result in additional upfront savings of upto ₹20 Lacs. We at Galaxy Solar help you determine which investment model to opt for and then help you to set a plant and start saving on power costs. 100% upfront payment is made by the client for the Solar PV System.

Renewable Energy Services/Supply Company (RESCO) is a fusion model in which the rooftop owner and third party invests in the Solar PV plant. RESCO developer finances, installs, operates and maintains the rooftop solar power plant. The developer signs an agreement with the rooftop owner. The rooftop owners may consume the electricity generated, for which they have to pay a pre-decided tariff to RESCO developer on a monthly basis for the tenure of the agreement.

Metering System

Product category:

Gross and Net Metering

Gross metering systems are aimed at rooftop owners/third party investors who will like to sell energy to the DISCOM by using roofs owned by them or another party. It is also known as feed-in metering wherein, all the energy generated from the system is exported to the grid and is separately recorded through a different ‘feed-in meter’. The developer exports the solar energy to the utility at a predetermined feed-in-tariff (FiT) approved by the regulator, and the third-party investors/RESCO developers enter into a long-term Power Purchase Agreement (PPA) with the utility. Only grid-connected PV systems can be gross-metered.

Net metering systems are primarily aimed at providing an opportunity to consumers to offset their electricity bills, wherein a single meter records both import of conventional energy from distribution grid and export of solar energy into distribution grid. Thus, net metering allows the final user to credit produced energy in the grid and is also promoted as a preferred option.

Impressions:

FAQ:

What are the financial benefits of solar energy

When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. In some cases, The Energy bills can become free for lifetime within a certain period of installation. Consult our executive to explore how you can make your electricity consumption free.

What are environmental benefits of the solar energy

Traditional power generation utilises too many limited resources like coal, water and causes pollution and affects climate change. You can join hands to use green energy and reduce your carbon footprint. Solar Energy uses natural resources thus contributing to making the planet greener and less polluted.