Solar is a renewable and sustainable energy source which is provoking a lot of interests from the public in recent times. This energy is generated from solar radiation from the sun entering the earth surface and it can be harnessed through the installation of solar panels. Since the industrial revolution, factories have been among the highest consumers of energy due to the machinerie and equipment they use for production. The nature of the energy adopted by these factories is largely based on fossil fuels which have many negative impacts resulting in greenhouse emissions and high production costs. Moreover, the cost of generating sets is also increasing and this is not expected to reduce which makes it a wrong alternative. This fragile nature of price of power can create problems for factories in terms of adequate planning and budgeting for the future. On the other hand, solar energy is free from these disadvantages because they provide reliable, clean and environmental friendly energy. This provides opportunity for factories to adopt this emerging energy source to help boost their operation and maximize profit therefore making solar power a pragmatic investment.

Much of the excitement around solar energy in contemporary times has been as a result of the sharp fall in its price throughout the world. In 2016, solar power became the cheapest source of energy in the world exceeding wind and fossil fuel. This decline in the price of solar provides factories with the opportunity to reduce operating cost of producing goods and services. Since some of the energy needed for electricity to power the company will be provided by solar power, this will lead to a rapid drop in the energy bills. In addition, engaging in solar will further help to fix the bill rate. This is because the cost of accessing electricity is fluid and constantly on the increase on a yearly basis. Solar on the other hand might cost more than electricity at the initial installment but at the long run, it breaks even with the price of electricity and further offers more years of free power supply when compared to the current source of power which increases annually costing more. Therefore solar gives factories the opportunity to offset the total bill paid to access energy and thereby increasing savings for future developmental plans.

Furthermore, solar energy systems generally don’t require a lot of maintenance. A reliable and quality solar panel could survive a period of 20-25 years with little or no maintenance. In most cases, the solar panels only require to be cleaned a couple of times per year. Also due to a lack of any moving parts, there is no wear and tear. Thus, after the initial cost of the solar system, very little spending may be required for maintenance and repair works. This would increase savings while excess funds generated could be diverted into other projects that would further grow the company.

Factories are drivers of innovation and a place where ideas are realized. It is a place where science and discoveries are put into practice. Therefore the adoption of solar energy by factories will help reduce the consequences associated with the traditional form of energy such as global warming, air pollution, acid precipitation, deforestation, ozone depletion etc. thereby driving others towards green and becoming pioneers of an eco-friendly environment. This could also help increase their credibility as a company that is progressive.

Solar power is integral for the growth of a factory. This is true because it helps to reduce operating cost and generate more funds to build and move the factory to a greater height. The excess funds realized by engaging in solar could be diverted into acquiring bigger and better machinerie and other infrastructures needed for the smooth running of the factory. Also increased savings can provide profits which could lead to expansion of the factory with new lines thereby reducing production costs, providing competitive price for products and increasing market share.