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Showing posts with the label Solar Financing

Shams Power: Solar Panels: A Solution to High Electricity Bills and Inflation in Pakistan

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In Pakistan, the issue of high electricity bills has long been a cause of concern for both households and businesses. The constant increase in electricity tariffs and inflation has made it challenging for people to manage their monthly expenses. However, amidst these challenges, a beacon of hope has emerged through solar panels, with Shams Power leading the way. Solar energy offers a sustainable and eco-friendly solution and a means to combat the rising electricity costs and inflation that have burdened the nation. In this blog, we will delve into the advantages of solar panels and how Shams Power plays a crucial role in bringing this transformation to Pakistan. The Solar Solution Reduced Electricity Bills: One of the most significant benefits of installing solar panels is the substantial reduction in electricity bills. Solar energy systems harness the power of the sun to generate electricity, which means that once the panels are installed, your energy source is virtually free. This ca...

Shams Power: Benefits of Industrial Solar Energy Systems for Big Industries

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Increasingly popular due to falling installation costs, government assistance, and other factors, Industrial Solar Energy Systems provide significant benefits for big industries. These include: A business that installs a commercial solar power system can save its electricity bills and protect itself from future rises in utility costs. These savings can help businesses to increase their overall valuation. Reduced Electricity Costs Using solar energy systems to power factories reduces electricity costs by a considerable amount. This also helps businesses make more money by facilitating tax deductions and selling excess energy back to the grid via net metering facilitation. Moreover, using renewable green energy sources reduces pollution and carbon footprint significantly. This is very important for industrial establishments as they contribute massively to the environmental degradation of the planet. Many industrial establishments have huge electricity bills due to their heavy production ...

Shams Power: Solar Energy in Pakistan - Lighting the Path to a Sustainable Future

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Energy is vital for the socioeconomic progress of a country. However, Pakistan solely relies on traditional fossil fuels to meet its energy needs . Moreover, it faces many problems like shaky electricity transmission network and high-energy costs. Hence, it is crucial to explore alternative energy sources. In this regard, solar energy can play a significant role. Renewable Energy Source The development of renewable energy sources is a critical initiative to overcome Pakistan’s long-lasting power shortage. However, little research has been done on the best renewable energy source to be used in Pakistan. This paper attempts to evaluate different indigenous renewable energy resources to find the most feasible one for Pakistan. The main objective of this study is to investigate the potential of solar photovoltaics (PV) as a viable alternative to coal as a source of electricity generation in Pakistan. In order to do so, data from a year of solar direct normal irradiance has been collected...