Are you a factory or small business owner looking to cut the electricity cost? Today many households and business owners end up losing an ample amount of money to electricity boards. But there are few institutional, residential, and industrial sectors using natural solar energy to generate electricity in an eco-friendly and cost-effective way. Solar energy not only helps in reducing the electricity cost but also comes with various government benefits that will help in saving extra management cost.
Want to know about the best solar company in India?
India has abundant solar energy due to its ideal geographical location, which allows it to receive tropical sunlight. Additionally, there are more than 300 days of sunshine per year. As a result, India enjoys year-round exposure to the sun’s warmth. Solar power plants allow residents to produce and use their own electricity for a variety of needs. The user’s carbon footprint can be reduced with the help of these environmentally friendly panels.
Apart from that, the Government of India has developed a subsidy system and other incentives in order to provide a solution to the electricity problem and encourage people to harness renewable energy. Manufacturers can benefit from using renewable energy sources and reducing their electricity costs in this way with additional benefits.
What is a solar subsidy?
Solar Subsidy is an initiative by the government of India to encourage residentials and more to increase the use of the solar energy and less the dependency on the power producing companies. As per the MNRE (Ministry of New and Renewable Energy), the Central Government only subsidizes the benchmarked installation cost of roof PV systems by 40% in some states, while in the special category states of the North—Uttarakhand, Himachal Pradesh, Jammu and Kashmir, and Uttar Pradesh—the subsidy is 70%. By the conclusion of the fiscal year 2022-23, the target number of solar rooftop installations is 8 lac users, and the solar rooftop subsidy will be distributed proportionally.
What is Solar net metering?
By employing a method called “net metering,” homeowners and businesses who produce their own electricity through solar panels or photovoltaic systems can send any excess power back to the utility company. Off-grid systems operate independently, whereas on-grid systems are wired into the public power grid and participate in net metering.
Through solar net metering, system owners can make money off of surplus energy production and use the grid to make up for any power losses. If the energy produced is greater than the energy used, the owner receives payment for the surplus. If energy consumption exceeds generation, however, electricity must be purchased from the utility grid, and the owner will be responsible for paying just the difference.
How to avail these services with SolarSmiths?
If you are from institutional, residential, and social sectors or a business owner looking to avail the benefits of solar energy by installing the panels then you can get in touch with SolarSmiths. Our highly skilled professional will not only help in offering you ideas about where and how to install the solar panel, but will also allow you to know the process to avail the benefits of solar subsidies.
We will also help in determining the documents required for solar subsidies and what kind of the central and state government subsidies will align with your needs. Depending on the type of residence, business and work SolarSmiths will offer a detailed rooftop solar system installation in Delhi. SolarSmiths has provided subsidy & net metering to a number of plants across different sectors. If you are looking to know more about how you can install the solar pannier by availing the benefits of various government subsidies then get in touch with our experts.
