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Switch on! Hotels. Save money and the planet with solar energy – 5 sustainable reasons why you should switch today.
Solar energy is no longer a niche concept. Various industries across the globe embrace the use of solar energy as a mainstream source of renewable energy.
As the hospitality industry grows to accommodate the growing number of tourists, the need for a continuous and cost-effective source of electricity has become increasingly important.
Not only does the hospitality industry consume a significant amount of energy, but tourists are also becoming more environmentally conscious and prefer to stay at hotels that prioritize sustainability.
solar panel system
For example, The Oberoi and Trident group announced in 2019 that two of their hotels in Gurgaon are fully operating on solar energy in India.
With the increasing popularity of eco-friendly and socially conscious hotels, hotels that switch to renewable energy sources can appeal to tourists looking to reduce their carbon footprint. Solar power is a reliable and cost-effective solution that offers numerous benefits to the hospitality industry, such as reducing energy costs and improving brand image.
By harnessing the sun, hotels can reduce their carbon footprint, improve their bottom line, and appeal to environmentally conscious tourists in India by setting up a solar power plant. So, let’s delve into the world of solar energy and explore the benefits it can bring to the hospitality industry in India.
Why Should Hotels Go Solar Energy?
The Indian hotel industry has been exponential in recent years, but with this growth comes a significant increase in energy consumption.
1. Save Cost
One of the immense advantages of installing solar panels at a hotel is the potential to eliminate electricity bills for decades. While installing solar panels can be expensive, hotels will start saving money as soon as the system goes live.
According to recent studies, hotels that switch to solar energy can reduce their energy bills by an average of 30% to 50%. These savings will continue well past the 25-year warranty period for solar panels.
For hotels that may not have the funds to pay for solar panels upfront as there is the option of third-party financing. While the monthly interest payments for third-party financing may be higher than the electricity bill, they will still be smaller than the overall energy costs. Many solar companies offer financing options to help hotels reduce their energy costs from day one.
2. Carbon Footprint Reduction
Hotels consume a significant amount of energy due to the 24/7 need for electricity, hot and cold water, air conditioning, heating, and lighting. A recent study by Energy Star found that hotels spend an average of INR 219,304 per room on energy annually. It is a huge cost to bear, considering the energy-intensive nature of the hospitality industry.
However, the solution to the rising energy costs – is the application of solar energy. Hotels can take advantage of the benefits of solar energy by installing solar panels on their property. The use of solar energy is an efficient, clean, and cost-effective source of energy that can significantly reduce a hotel’s energy bills.
3. Reliable Solution
The average lifespan of a solar power system is 25-30 years, and the plant requires minimal maintenance other than hassle-free cleaning sessions every two weeks. Investing in solar power can offer savings for hotels in India, allowing you to focus on improving your business in numerous ways. With reduced electricity bills, you can allocate more funds towards expanding your room count, ramping up your marketing efforts, renovating your property, elevating the customer experience, and offering cost-competitive room rates to your guests.
4. Improved Media and Public Image
As consumers become more environmentally conscious, they offer renewable energy options. Brands that align with this trend stand to gain repeat business as consumers feel good about the impact they’re making through their purchases.
This shift towards renewable energy is not just limited to individuals. Businesses are also jumping on board. Last year alone, over 70.24 billion solar power units were generated from systems across India.
According to the Solar Energy Industries Association (SEIA), the impact has been substantial, with solar energy being able to power over 400,000 homes. Do you know that Apple and Google function on 100% renewable energy?
5. Utilization
The benefits of investing in solar energy for hotels in India are undeniable. With unlimited savings on electricity bills, hotel, and resort owners have a world of opportunities to enhance their businesses.
The prospects are endless, from adding more rooms to focusing on marketing efforts, remodeling, and improving customer experience. One of the most significant uses of solar energy for hotels is to reduce their overhead costs.
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