Photovoltaic Panel Installation for Factories: Cost-Saving Solutions for Sustainable Manufacturing
With industrial electricity costs rising 18% year-over-year globally , photovoltaic (PV) panel installation has become a strategic necessity for factories. The global solar installation market for commercial/industrial sectors reached $128.7 billion in 2023 and is projected to grow at 7.3% CAGR through 2030 . But here's the kicker: factories utilizing rooftop solar systems typically achieve 25-40% reduction in energy expenses within the first 3 years . Why should manufacturers prioritize this transition now? Let's break it down.
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