Orb Energy announced that it has successfully installed and commissioned the fourth installation of a cumulative 728 kW rooftop solar system at the Meerut Institute of Engineering and Technology (MIET) in Uttar Pradesh. Orb had previously commissioned a 100 kW rooftop system in 2016 and followed it with two installations of 175 kW each in 2017, prior to most recently executing a final installation of 278 kW.
“We are extremely pleased that MIET has benefited from owning their rooftop solar system and have realized a significant reduction in their electricity costs,” said Damian Miller, Orb’s Chief Executive Officer. “MIET’s decision to work with Orb for the fourth time is a great testimony to the quality of our installations and after-sales service.”
In India, rooftop solar systems offer commercial and industrial customers a three- to four-year payback without any subsidy – an unheard-of return on investment on an unsubsidized solar power system. But many cash-constrained SMEs in India cannot afford the up-front costs of solar without credit. Orb offers collateral-free loan facility to SMEs that matches their payback period, after which all their power is effectively free.
“We now save approximately INR 590,000 per month, and are very happy with the service from Orb’s team. This gave us the confidence to continue working with them” said Er. Vishnu Saran, Chairman, Meerut Institute of Engineering & Technology (MIET).
Orb sells, installs and services solar energy systems for both residential and commercial customers. Orb is also vertically integrated, and manufactures its range of solar PV modules from its state-of-the-art manufacturing facility in Bangalore.