VERITAS Engineering seems to be a company that specializes in providing clean, sustainable energy systems and energy conservation devices and appliances. Their focus is on offering solutions that are economically sensible and environmentally friendly. The company's criteria for selecting and building their systems revolve around affordability, value to clients, and a commitment to renewable and sustainable energy sources. Here are the key points:
- Affordable and Value-Oriented: Veritas Engineering aims to offer systems that are affordable and provide the best value to their clients. They understand that if their systems do not result in significant savings on energy bills, they may not be considered valuable to their customers.
- Proven PV Technology: The company focuses on using proven Photovoltaic (PV) technology to reduce customers' power bills. PV technology allows for the conversion of sunlight into electricity, providing a renewable and clean energy source.
- Renewable and Sustainable Energy: Veritas Engineering emphasizes the importance of offering renewable and sustainable energy sources to their clients. By using solar panels, they aim to continuously provide green energy, reducing the dependency on non-renewable sources that can harm the environment.
- Reducing Carbon Footprint: One of the company's objectives is to help lessen the carbon footprint of homes and buildings. By providing renewable energy solutions, they contribute to mitigating the environmental impact associated with traditional energy sources.
Various types of solar systems are described below on which we work
1. Stand-alone photovoltaic (SAPV) system
The Stand-Alone Photovoltaic (SAPV) system, commonly referred to as an Off-Grid Photovoltaic System, is a self-sufficient solar energy generating and storage system that runs apart from the electrical grid. It is intended to deliver energy to isolated places, regions with erratic grid connectivity, or areas where it would be financially unviable to connect to the grid.
Components of a Stand-Alone Photovoltaic (SAPV) System:
- Solar Panels (Photovoltaic Modules): These are the primary components that convert sunlight into electricity using the photovoltaic effect. The panels are made up of solar cells that generate direct current (DC) electricity.
- Charge Controller: The charge controller regulates the charging of the battery bank by preventing overcharging or deep discharging of the batteries. It helps to extend the lifespan of the batteries and ensures efficient energy storage.
- Battery Bank: Energy generated by the solar panels during the day is stored in batteries for use during periods of low sunlight or at night. The size and type of batteries depend on the system's energy storage needs.
- Inverter: The inverter converts the DC electricity produced by the solar panels or stored in the batteries into alternating current (AC) electricity, which is the standard form of electricity used in most household appliances and devices.
- Load or Appliances: These are the devices and appliances that consume the electricity generated by the SAPV system. They can include lights, fans, refrigerators, computers, and more, depending on the system's capacity and the user's needs.
- Wiring and Distribution System: Proper wiring and distribution are essential to connect all the components and deliver electricity to the loads. Wiring should be sized correctly to handle the system's voltage and current.
- Monitoring and Control System: Some SAPV systems include monitoring and control components that allow users to track the system's performance, monitor battery status, and control the system remotely if needed.
2. Grid-Connected Solar Power Systems (On-Grid Systems)
Grid-Connected Solar Power Systems, also known as On-Grid Systems or Grid-Tied Systems, are a well-liked and often used type of solar energy system. These systems are made to operate in tandem with the current electrical grid, making it possible to seamlessly incorporate solar-generated electricity into the wider power infrastructure.
Solar panels are mounted on roofs, in the open, or in other suitable areas in a grid-connected solar power system to catch sunlight. With the help of the photovoltaic effect, photovoltaic (PV) cells found in solar panels turn sunlight directly into energy. Direct current (DC) is used to create the power.
Key components of a grid-connected solar power system include:
- Solar Panels: Photovoltaic modules that convert sunlight into electricity.
- Inverter: An inverter converts the DC electricity generated by the solar panels into alternating current (AC), which is the standard form of electricity used in homes and businesses.
- Grid Connection: The AC electricity from the inverter is fed into the electrical grid through a bi-directional meter. This allows any excess electricity generated by the solar panels to be sent back to the grid.
- Net Metering: Many grid-connected systems utilize net metering, a billing arrangement that credits the system owner for any excess electricity they contribute to the grid. During periods of high solar production, the excess electricity spins the meter backward, effectively reducing the owner's electricity bill.
3. On-Grid Residential Solar System
The grid-connected home solar power system, also known as an on-grid domestic solar system or a grid-tied residential solar system, is created to harness solar energy to satisfy a household's electricity demands while staying connected to the local electrical grid. For households looking to save energy expenses, lessen their environmental impact, and maybe receive credits for extra energy output, this sort of system has several advantages.
Components of an On-Grid Residential Solar System:
- Solar Panels: Photovoltaic (PV) panels are installed on the roof or property of the residence to capture sunlight and convert it into electricity.
- Inverter: An inverter is a crucial component that converts the DC electricity generated by the solar panels into AC electricity, which is used to power household appliances and devices.
- Mounting Structure: Solar panels are mounted securely on a framework that ensures proper orientation and tilt for optimal sunlight exposure.
- Metering and Monitoring: A bi-directional meter tracks the electricity generated by the solar panels and any excess energy sent back to the grid. Homeowners can monitor their energy production and usage through online monitoring systems.
4. On-Grid Solar Systems for Industrial Areas
The strategic integration of renewable energy into the operational framework of manufacturing plants, distribution centres, and industrial complexes is represented by on-grid solar systems for industrial regions. These systems, also known as grid-connected or grid-tied industrial solar systems, provide a number of benefits that are in line with the goals of industrial organisations in terms of sustainability, economics, and energy.
Components and Features:
- Solar Array Installation: Robust solar photovoltaic (PV) arrays are strategically deployed on rooftops, open land, or elevated structures within the industrial premises, capitalizing on available space and solar exposure.
- Inverters and Power Conditioning Units: High-capacity inverters convert DC electricity generated by the solar panels into AC electricity suitable for powering industrial equipment, machinery, and operations.
- Grid Connection: An essential aspect of on-grid systems, the integration with the local electrical grid ensures seamless flow of electricity, allowing the facility to draw power from the grid when solar generation is insufficient and export surplus energy during peak production.
- Metering and Monitoring Infrastructure: Advanced metering, monitoring, and energy management systems provide real-time insights into energy generation, consumption patterns, and grid interactions, facilitating informed decision-making.
5. Capex (Capital Expenditure) On-Grid Solar Systems for Industrial Areas
The term "capex" refers to the money spent by a business or organisation to buy, improve, or maintain tangible assets like infrastructure, machinery, and equipment. The majority of capital investments are sizeable and help the company's long-term expansion and operational efficiency. New manufacturing equipment purchases, building new facilities, and enlarging production lines are a few examples of capex. On the balance sheet of the corporation, capex investments are viewed as assets that frequently depreciate over time.
Key components of Capex in On-Grid Solar Systems for Industrial Areas:
- Solar Panels and Equipment: The purchase and installation of high-quality solar panels, inverters, and associated equipment, tailored to the specific energy needs of the industrial site.
- Mounting and Structural Work: Costs associated with erecting durable and efficient mounting structures to securely position solar panels on rooftops, ground spaces, or elevated platforms.
- Installation and Labor: Expenses related to the skilled labor required for system installation, including wiring, connections, and ensuring proper integration with existing electrical infrastructure.
- Monitoring and Metering: Investment in advanced monitoring and metering systems to track energy production, consumption, and grid interactions, enabling efficient energy management.
- Engineering and Design: The costs of professional engineering, design services, and feasibility studies to ensure optimal system sizing, configuration, and compliance with industry standards.
- Permitting and Approvals: Fees associated with obtaining necessary permits, licenses, and approvals from local authorities for the installation of the solar system.
Benefits of Capital Expenditure (Capex) for On-Grid Solar Systems in Industrial Areas:
- Long-Term Investment: The capex incurred in setting up the solar system is a strategic investment with the potential for long-term returns in the form of reduced energy costs and increased energy independence.
- Asset Creation: The solar system is considered a valuable asset that adds value to the industrial facility, potentially enhancing its resale or property value.
- Control over Energy Costs: Generating solar power on-site can help stabilize energy costs and reduce reliance on fluctuating grid electricity rates.
- Sustainability Impact: The integration of solar power aligns with environmental sustainability goals, demonstrating a commitment to renewable energy and reducing carbon emissions.
7. Opex (Operating Expenditure) On-Grid Solar Systems for Industrial Areas
“Opex” on the other hand, describes the continuing, daily costs that a corporation faces to keep running. These costs are necessary for the ongoing operation of the business and don't include buying or creating new assets. Opex consists of things like pay and benefits, rent, utilities, office supplies, maintenance, and administrative expenses. Opex costs are accounted for as expenses on the income statement and have a direct influence on a business' profitability over the course of a certain accounting period.
Key components of Opex in On-Grid Solar Systems for Industrial Areas:
- Maintenance and Repairs: Regular maintenance activities, such as cleaning solar panels, inspecting components, and addressing any wear and tear, are necessary to optimize energy generation and extend the system's lifespan.
- Monitoring and Data Management: Costs associated with real-time monitoring systems that track energy production, consumption patterns, and grid interactions, enabling informed decision-making and timely issue detection.
- Performance Optimization: Investment in technologies and services that enhance system performance, including software updates, remote diagnostics, and predictive maintenance.
- Administrative and Reporting: Costs related to administrative tasks such as tracking energy savings, reporting compliance, and managing incentive programs or credits.
- Training and Workforce: Expenses associated with training personnel to effectively manage and operate the solar system, ensuring its efficient functioning.
Benefits of Operating Expenditure (Opex) for On-Grid Solar Systems in Industrial Areas:
- Optimal Performance: Ongoing maintenance and monitoring ensure that the on-grid solar system operates at its peak efficiency, maximizing energy generation and cost savings.
- Longevity and Reliability: Regular upkeep helps extend the lifespan of the solar system, safeguarding the industrial facility's investment and reducing the likelihood of unexpected breakdowns.
- Data-Driven Decision-Making: Monitoring and data analysis provide valuable insights into energy consumption patterns, enabling businesses to make informed energy management decisions.
- Enhanced ROI: Effective maintenance and performance optimization contribute to achieving higher returns on the initial capital investment over the system's operational life.
- Sustainability Continuity: Continued operation of the solar system contributes to ongoing environmental benefits, reducing greenhouse gas emissions and promoting sustainable practices.