However apart from primary reason to save money there are many more compelling reasons to go solar, like: This is your chance to cut your carbon foot print and help your planet become greener. Improving power backup for areas with erratic power supply.
No separate inverter required. Thus improves overall cooling in house. Recurring savings on electricity bill, lets this system pay for itself overtime. Hybrid On-Grid System A Hybrid system comprises of Solar Panels, a solar power inverter and a battery bank to provide power even during power outages in day or at night. Off-Grid System As the name suggests, an Off-Grid solar power system is suitable for Remote Farm houses, vacation homes, village cottages etc.
Where To Start Get in Touch. Why Choose us Special Focus to Residential segment. Locations: Gurgaon. Contact Us. Please Share your contact details so that we can reach you back. Your Message has been sent. Thank You! RECs is a market-based mechanism. It was introduced to enhance renewable energy capacity.
It levels the inter-state divergences of renewable energy generation and the requirement of the obligated entities to meet their RPOs with a differentiated price for solar and non-solar.
The cess has now grown to INR per tonne of coal used. By synthesising business and social potential, a small group of 4—10 local entrepreneurs as JLG help avail loans for non-farming activities that may be applicable for micro-grid installations.
CSR was introduced to encourage the private sector participation in the national growth and for meeting social goals. The CSR funds are from by the top companies as 2 per cent of their profits towards off-grid solutions. Your solar installer can avail of a loan from IREDA on your behalf, at a concessional interest rate 9.
Yes, it does! The customer can also sell the excess solar power back to the grid, for which the customer would get a predetermined fare as decided by the local DISCOM.
Subsidies and other schemes offered by the government enables us to exploit renewable energy. Though the upfront cost of installation of a rooftop solar system is high, it is inexpensive in the long run. There are loans available at lower interest rates that overcome the problem of high upfront payment associated with solar projects. In addition to subsidies, the government also offers Accelerated Depreciation AD tax benefits to commercial and industrial customers.
Companies can use this to reduce the tax burden in the first couple of years in the project. Although the subsidy scheme instills a sense of trust within potential clients, availing the subsidy is quite a task by itself.
Due to the uncertainty of receiving the subsidies on time, it is better to consider solar using other financing options. Going solar is a year commitment, and if you are considering it, here are a few important resources for you to make use of. Detailed guides to going solar for homes, apartments, institutions: www. Authentic experiences of people who have gone solar captured into easily watchable videos: Youtube click here to watch.
Solar photovoltaics power can effectively be harnessed providing huge scalability in India. Solar also provides the ability to generate power on a distributed basis and enables rapid capacity addition with short lead times.
Off-grid decentralized and low-temperature applications will be advantageous from a rural electrification perspective and meeting other energy needs for power and heating and cooling in both rural and urban areas.
From an energy security perspective, solar is the most secure of all sources, since it is abundantly available. Theoretically, a small fraction of the total incident solar energy if captured effectively can meet the entire country's power requirements. There has been a visible impact of solar energy in the Indian energy scenario during the last few years.
Solar energy based decentralized and distributed applications have benefited millions of people in Indian villages by meeting their cooking, lighting and other energy needs in an environment friendly manner. The social and economic benefits include reduction in drudgery among rural women and girls engaged in the collection of fuel wood from long distances and cooking in smoky kitchens, minimization of the risks of contracting lung and eye ailments, employment generation at village level, and ultimately, the improvement in the standard of living and creation of opportunity for economic activities at village level.
Further, solar energy sector in India has emerged as a significant player in the grid connected power generation capacity over the years. It will also constitute a major contribution by India to the global effort to meet the challenges of climate change.
The Mission targets installing GW grid-connected solar power plants by the year Various policy measures undertaken included declaration of trajectory for Renewable Purchase Obligation RPO including Solar, Waiver of Inter State Transmission System ISTS charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to March , Must run status, Guidelines for procurement of solar power though tariff based competitive bidding process, Standards for deployment of Solar Photovoltaic systems and devices, Provision of roof top solar and Guidelines for development of smart cities, Amendments in building bye-laws for mandatory provision of roof top solar for new construction or higher Floor Area Ratio, Infrastructure status for solar projects, Raising tax free solar bonds, Providing long tenor loans from multi-lateral agencies, etc.
Recently, India achieved 5 th global position in solar power deployment by surpassing Italy.
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