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Will Solar Panels Save You Money

When we talk about the upfront cost estimates of solar panels, users are apprehensive and always concerned about “Will solar panels save you money”. Homeowners, residential users, commercial and industries owners who are contemplating to install grid connected rooftop solar power plants at their premises / dwellings are perhaps concerned about the environmental issues, but also huge upfront cost involved in solar panels installation. Even after taking into account the upfront cost estimates, input tax credits, state solar subsidies, rebates, incentives etc., many people are still found to be apprehensive  about the solar panels installation cost and always found ponder upon main issue i.e. “Will solar panels save you money”

Yes: Investment in Solar Photo-voltaic Modules or Solar PV Panels is worth vis-à-vis today’s electric prices.

Residential Solar panels contain solar cells, known as photo-voltaic cells, connected in series or parallel so that highest efficiency of the solar panel is achieved and the solar panels require the maximum solar energy, full sunlight as long as possible without being obstructed from trees or shade lines from the roof.

Solar Photo-voltaic is primarily used for grid connected electricity to operate residential appliances, commercial equipment, lighting and air-conditioning for all type of buildings.  Through standalone systems and use of batteries, it is also well suited for remote regions where there is no electricity or very limited. Solar PV modules can be ground mounted or installed on a rooftop of a building.

First apprehension about how and where to arrange huge upfront cost / investment

Solar Loan by Public Sector Undertaking / Nationalised Banks

Now-a-days all Public Sector Undertaking (PSU) / nationalized banks like IDBI, State Bank of India, Punjab National Bank, Bank of India etc. are offering solar loans and renowned solar companies are facilitating easy access to such loans.  Hence the first fear of huge upfront investment is almost omitted by the fact that 70% of the total cost of solar power plant installation may be financed by the banks.

Nationalized / PSUs banks are very keen in supporting the Government’s initiative for providing of renewable clean source of energy through the installation of rooftop solar PV plants, solar lighting system and solar water heating system. While we still contemplate Will Solar Panels Save You Money, the very first concern about arrangements of upfront cost is deviated by provision of solar loans.

Government of India’s Direction for Solar Loans to the Needy

Government of India, Ministry of Finance has advised all PSUs / Nationalized banks to encourage the home loan / home improvement loan for installation of rooftop solar PVs and include the cost of such equipment in their housing loan. All PSUs / Nationalized banks have instructed their branches / offices to take not of these directions and extend loan for installation of rooftop solar PVs as part of housing loans and house repair / renovation loans. Provision of solar loan makes solar panels installation easy to eliminate any apprehension about “Will Solar Panels Save You Money”.

Interest Rate of Solar Loan Equivalent to Home Loan

Interest rate on loan for installation of grid connected rooftop solar power plants is equivalent to home loan.  With increasing awareness to adopt clean green renewable energy and the rising cost of grid supplied electricity, rooftop solar plants are finding more and more takers in the residential, institutional, social and commercial sector.

Installation of Solar Panels identified as Priority Sector Lending

Taking this into account the Government of India via Reserve Bank of India, has directed for financing of solar plants while identifying it as Priority Sector by all Public Sector Banks (PSUs), specifically targeting the needs of individual domestic users, housing development societies, small and medium commercial entrepreneurs.  The solar loan may be clubbed with home loan either existing or a new one.

Solar loans can be considered as part of home loans

Solar loans can be considered as part of home loans. All PSUs and nationalized banks may allow cost of grid connected rooftop solar power plants as part of house constructions price. If a user already has previous / existing home loan, then cost of installation of solar power plant may be considered as home improvement loan.

Second apprehension about DISCOM’S electricity rates vis-à-vis price of utility generated through Solar

Cost of One Unit of Electricity provided by Power Distribution Companies (DISCOM)

 Presently, all most all DISCOM Utility companies in India charge Rupees 3 to 6 per unit for domestic users while levying other extra charge like electricity duty etc. whereas  it is Rupees 6 to 7 per unit for commercial users. Price of electricity generated by coal or oil is very much linked to current market prices and inflation hence very much liable for increase every year.  [News Flash] Government of India is likely to increase electricity price by Rupees 3.75 per unit to combat the power tariff.

Cost of One Units of Electricity generated by Solar Panels

On the other hand, solar power plant once installed is guaranteed to generate electricity consistently and coherently at least for 25 years or beyond.  Presently cost of generation by solar power plant is somewhere Rupees 2 to 4 per unit considering its yielding for a longer period.

And this omits both the critical factor which are apprehensive in adopting of clean green renewable energy i.e. electricity by solar photovoltaic PV Panels.

Return of Investment on Installation of Solar Panels in India

Because whole cost of installation is paid up-front and the benefits flow in over 25 to 30 years, it is important to account for the fact that a Rupees saved today is not worth as much as a Rupees saved tomorrow. The value of money is slated to be receded and degraded day by day. The best way to factor in the timing of costs and benefits is to calculate a “leveled” cost per kilowatt-hour. Thus, a typical Rupees 215000 system (after 30% Central / state government’s rebates / subsidies, incentives and input tax credit) is worth to save Rupees 4000 per month for next 25 years. We can summarize that such system would return Rs.48000 every year and a total of Rupees 12 Lakhs in next 25 years.  The return of investment is quite impressive and worth to adopt solar power plant installation at your house, premises, dwellings, shopping malls, institutions or industries etc.

Are home solar panels worth the cost?

At these rates, the sector of residential consumers could indeed save money, because the solar power would replace electricity from the utility that costs them Rs.6 to 8 per unit.  Smaller users, however, would be replacing power that only costs them 4 to 6 Rupees per unit. Probably about 80 % of urban and Semi-Urban domestic customers, the very heaviest users, would save money by installing solar panels (though they would likely save more money by improving the energy efficiency of their dwellings). The other 20% percent would also get benefit financially at current electricity rates if they consider inflation and increased rates of DISCOM’s electricity.

Prices of DISCOM’s electricity slated to rise

The prices of electricity are going to change over time despite all the facts considered in this article. The average price may increase if the price of natural gas, oil, coal, uranium rises quicker than inflation or a greater share of the power comes from more-expensive alternative-energy sources. But alternative energy – wind power, hydro power, geothermal and even solar energy is going to get cheaper as technology advances. In addition, that sharp rate structure is likely to be more pricey, considerably increasing the electricity rates that the largest users now face.  The savings from solar panels that those households would enjoy under current rates is going to shine in near future.

Solar energy makes an environmental statement

Installing solar PV reduces the danger of greenhouse gases and other pollutants.  New and renewable energy i.e. solar energy makes an environmental statement, and most of the people love the blue panels look on their rooftop pretty cool. There are many other reasons to buy solar panels, but if you are looking for big savings on electricity, you are very likely to be delighted with this new-found technology for the people.

Third Apprehension: How Solar Panels Save Me Money

1 kW Grid Connected Rooftop Solar Power Plant is guaranteed to generate 4-5 units per day for next 25 years consistently thus saving at least Rupees One Thousand a month.  Solar Panels are capable to cut your electric bill up to 90% in ideal sunlight conditions.

Fourth Apprehension: If Solar Panels work in night?

Name of solar panels itself suggest that it generates electricity from the sunlight.  Hence a grid connected rooftop solar power plant installed at your house / premises is capable to generate electricity during day time itself equal to your 24 hours load’s requirement.  During day time your load runs on solar generated electricity and excess if any is fed in to the grid by the help of bid-directional net meter.  Extra electricity fed in to the grid during day time would reverse during night through the same net meter, hence your consumption of grid’s electricity remains almost zero despite this fact that solar panels do not work in night.

Fifth Apprehension: If Solar Panels still worthy despite upfront cost

Yes, answer is affirmative.  Solar revolution is aided and supported by Government of India in the form of Solar Subsidies, rebates ranging from 30 to 70% as per your demographic residential status.  State Governments provides solar generation incentive by compensating through monthly electrical bills. Most of the state Governments in India provides solar generation incentives ranging from Rupees 1 to 2 per unit generated by solar.  Other than this, any extra non-consumed units fed in to the grid though net meter get accumulated which should be used within one financial year (between 01 April to 31 March to avoid lapse of accumulated units). Top of this, Delhi Government would buy un-expended units for Rupees 2 per unit after lapse of two financial years.

A Ready Reckoner to assess “Will Solar Panels Save You Money”

Despite all apprehensions, I can say that it is wise and worth to go for solar despite upfront costs while considering long-term benefits as well as environment issues.  Out main question “Will Solar panels save your money” remains the core of debate and may be understood by referring a ready reckoner table depicting return of investment on Solar for Domestic Users.  The rates and other statistics shown in this table have been based as per the current market scenario and liable to change.

Will Solar Panels Save You Money Ready Reckoner Table for Return of Investment on Solar Panels Domestic

Will Solar Panels Save You Money Ready Reckoner Table for Return of Investment on Solar Panels Domestic

Contact DayRise Solar to analyze “Will Solar Panels Save You Money”

Saving money on the solar panels and saving cash each month on the power bill. Now that you know the benefits of solar panels you should also know that it’s easier to set up and install than you think. DayRise Solar Enerdy Pvt Ltd will guide you through the install and setup you need to have your very own renewable energy.

If you need to buy solar panels and wants to know Will Solar Panels Save You Money when you install grid connected rooftop solar power plants, always keep in mind first your funds, size of solar plant and your present electric bill. Then attempt to calculate your house need so you’ll know what number of panels you want in your house.

Get Support and Help to Avail Solar Subsidy on Solar Panels

Contact DayRise Solar team every time you need to understand “Will Solar Panels Save You Money” while you install solar panels in Sonipat and Delhi NCR.  Also to get help and full Procedure to Avail Solar Subsidy in India for Grid Connected Rooftop Solar Power Plant, it’s possible you may like to contact extremely skilled and expert group of DayRise Solar for any question related to Solar Energy, Solar Subsidy, Solar power, solar products, design, installation and commissioning of On-Grid / Off-Grid Rooftop / Ground Mounted Solar Power Plants throughout Haryana and Delhi NCR. Qualified skilled team of DayRise Solar might help you in processing of subsidy application, bidirectional meter utility application and uploading of all related documents to SNA’s website portal.

Will Solar Panels Save You Money

Will Solar Panels Save You Money


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What is difference between on-grid and off-grid solar system

Before we get into depth about “what is difference between on-grid and off-grid solar system”, we must first understand how does Solar panels work?

How does Solar Panels Work?

Solar Panels, solar modules or solar photo-voltaic PV modules actually work by absorbing sunlight with photo-voltaic cells, generating direct current (DC) electricity and then converting it to usable alternating current (AC) electricity with the help of smart solar inverter technology. AC energy or electricity then flows through the home’s electrical panel via Array Junction Box (AJB) and Distribution Junction Box (DJB) for further distribution to the load accordingly.

Solar energy or solar power is perhaps the cleanest, most reliable form of renewable energy available to the mankind, and it can be used in several forms to help power your home or business. Solar-powered photo-voltaic (PV) panels convert the sunlight into electricity by stimulating electrons in silicon cells using the photons of light from the sun.

What is the difference between On-grid and off-grid solar power

Now it is easier to understand “What is the difference between On-grid and off-grid solar power?” On-grid solar power means your solar power plant or solar panels system is tied to your local utility company’s system which is called as “grid” or “mains electricity”. Each and every state in India has its own Electricity Distribution Corporations / Companies like state of Haryana has Uttar Haryana Bijli Vitaran Nigam (UHBVN) and Dakshin Haryana Bijli Vitaran Nigam (DHBVN). Most of the residence / Institutional / NGOs / NPOs / Industries use Grid Connected Rooftop Solar Power Plant System so that their load runs on solar throughout day time while extra units / electricity produced by the system is fed in the grid through Bi-Directional Net Meter. Extra Units or electricity fed in the day time can be utilized by the user during night through Bi-Directional Net Meter. This system is helpful to curtail your electricity bills up to 90% for almost 25 years. Let us understand this by a simple example of 5 kWp Grid Connected solar power plant installed at a User’s rooftop is expected to produce 4-5 units per kilowatt per day. Thus a 5 kWp solar plant will produce at least 20 units per day. So in this example, user’s consumption may be 10 units during day time and similar amount of units at night. So, after providing 10 units to the user’s load, remaining 10 units are fed in the Grid during day time and same is received back during night time. At the end, we can summarize that user had produced his own 20 units by the solar system and utilized his whole 20 units (10 during and 10 at night) by the help of On-Grid Inverter and Bidirectional Net Meter. We may note here, that On-Grid system requires availability of Mains electricity to enable feeding in excess units in the Grid. In case of Grid failure, On-Grid solar power plant would also stop working due to International Safety and Security measures for Grid workforce. So we can say, on-grid solar power plant is installed in such areas where grid availability is almost 24 hours to enable excess generation to be fed in the grid.

On-Grid v/s Off-Grid

Now we can define that On-Grid Systems are solar pv systems that only generate power when the utility power grid is available. They must connect to the grid to function. They can send excess power generated back to the grid when you are overproducing so you credit it for later use. On-Grid solar system can be installed in most of the Metropolitan Cities, Urban and Sub-Urban cities of India where grid availability is almost 24 hours.

Grid tied Solar PV systems consist of solar panels, Solar String inverter. These systems do not utilize batteries since Grid is used as storage of excess electricity produced by the system. The solar panels generate electricity from sunlight and feed it to the solar string inverter which converts the DC voltage coming from the solar panels directly into AC power to match the grid.

When daylight sun-rays fall on solar panels they produce Direct Current (DC) electricity which is converted into 240 V AC power by solar string inverters to power up your load, excess power, if any is fed in the grid by help of two-way energy meter (bidirectional net meter). Some electricity companies will meter the electricity fed into the grid by your solar power plant system and provide a credit on your bill in the form of Solar Generation Incentives. Accumulated credited units can be consumed by the user within one financial year to avoid lapse.

A grid-connected photo-voltaic power system or grid-connected PV power system is electricity generating solar PV power system that is connected to the utility grid. A grid-connected PV system consists of solar panels, String Solar inverters, and grid Bidirectional Net Meters for connection with the Grid or main electricity.

On the other hand, off- grid solar power plant system is a system designed to help people’s own electrical system function without the support of remote infrastructure, such as an electrical grid. In electricity, off-grid solar power plant system can work as stand-alone power system or mini-grid typically to provide a electricity to users or smaller community who either do not have access or have very limited access to the main grid with electricity like most of the rural areas in India.

Off-grid solar power plant systems can refer to living in a self-sufficient manner without relying upon local electricity distribution companies DISCOM Utility. Off-grid rooftop solar power plants are autonomous; they do not rely on electrical power grid, or similar utility services.

On-grid inverters collect DC power from solar panels, convert it into AC, and send it into the load as well as into grid for credit / later use. On-Grid solar power plants are simple and easier to install since there are only two main components i.e. string inverter and solar panels. On the other hand an off-grid inverter needs a battery bank to function.

Off-Grid solar power plant is sufficient to power your house with a solar energy system. House hold appliances and lights that use AC (alternating current) electricity will require an inverter to do the job conversion from DC to AC.

What is difference between on-grid and off-grid solar system

What is difference between on-grid and off-grid solar system

Contact DayRise Solar team every time you need to know the way to get good offers while you buy solar panels in Sonipat. Also to get help and full Procedure to Avail Solar Subsidy in India for Grid Connected Rooftop Solar Power Plant, it’s possible you’ll like to contact extremely skilled and expert group of DayRise Solar by way of its Website’s product Page or by e mail alternately for any question associated to Solar Energy, Solar Subsidy, Solar power, solar products, design, installation and commissioning of On-Grid / Off-Grid Rooftop / Ground Mounted Solar Power Plants throughout Haryana and Delhi NCR. Qualified skilled team of DayRise Solar might help you in processing of subsidy utility, bi-directional meter utility and uploading of all related documents.


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Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant

Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant

Before discussing Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant, we certainly have to learn and understand What is Grid Connected Rooftop Solar Power Plant or On-Grid Rooftop Solar Power Plant?

What is Grid Connected Rooftop Solar Power Plant

In a Roftop Solar System, the solar panels are installed on the roof of any residential, commercial, institutional and industrial buildings. Grid Connected Rooftop Solar Power Plant can be of two types:-

(i) Off-Grid Rooftop Solar Power Plant System with storage facility using battery, and
(ii) On-Grid Rooftop Solar Power Plant System i.e. Grid Connected Rooftop Solar System with Net metering facilities without Batteries.

Since we are discussing about Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant, hence our main focus would be to discuss Grid Connected Rooftop Solar Power Plant. On-Grid Solar systems generate power during the day time equivalent to the sanctioned load of the consumer which is utilized fully by powering captive loads and excess power is fed in to the grid as long as grid is available. In case, where solar power is not sufficient due to climatic conditions, cloud cover etc., the captive loads are served by drawing power from the grid through Net Meter (Bi-directional).

Working of Grid Connected Rooftop Solar System

The On-Grid Rooftop Solar Power Plant System i.e. Grid Connected Rooftop Solar System can work on net metering basis wherein the beneficiary pays to the utility on net meter reading basis only. Normally a Net meter contains two meters i.e. Export and Import meter which reflects user’s total energy usage. Such power plants can be installed at the roofs of residential and commercial complex, housing societies, community centers, government organizations, private institutions etc. Ideally, On-Grid Rooftop Solar Power Plant System i.e. Grid Connected Rooftop Solar System do not require battery back-up as grid acts as the back-up for feeding excess solar power and vice-versa. However, to enhance the performance reliability of the overall systems, a minimum battery backup of one hour of load capacity as stand alone system may be installed or existing battery inverter system could also be utilised by the user in case of non-availability of Grid and Solar. In grid interactive systems, it is ensured that in case the grid fails, the feeding of solar power to the grid is stopped immediately so as to safe-guard any grid person/technician from getting shock (electrocuted) while working on the grid for maintenance etc. This feature is termed as ‘Islanding Protection’. Simply it may be understood that in the event of failure of Grid main electricity, the solar power plant would also get shut down for safety and security measures. In such case, the user may utilise his stand alone offgrid system (existing inverter battery) for running his / her load.

Availability of Finance / Loan

Availability of Finance / Loan and Procedure to Set up Grid Connected Rooftop Solar Power Plant
Government of India Department of Financial services has instructed to all Public Sector Banks to encourage home loan/ home improvement loan seekers to install rooftop solar PV plants and include cost of system in their home loan proposals. In compliance, so far, nine PSBs namely Bank of India, Syndicate Bank, State Bank of India, Dena Bank , Central Bank of India, Punjab National Bank, Allahabad Bank, Indian Bank and Indian Overseas Bank have taken actions and issued the necessary instructions for their branches to extend loan for Grid Interactive Rooftop Solar PV Plants as home loan/ home improvement loan. The person interested in installation of Grid-Interactive Rooftop Solar PV Plants and seeking loan may approach these nearest Public Sector Banks.

Eligibility and Procedure to Avail Solar Subsidy in Haryana

Eligibility and Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant. The consumers / users of following categories are eligible for Solar Subsidy in Haryana:-

  1. Residential All types of residential Buildings

  2. Institutional Schools, Health Institutions including Medical Colleges & Hospitals,Universities, Educational Institutions etc. including those registered underthe Society Registration Act 1860 and the Indian Trust Act 1882

  3. Social Sector Community Centres, Welfare Homes, Old Age Homes, Orphanages, common service centres, common workshops for artisans & craftsman, facilities for use of community, Trust/ NGOs/ Voluntary Organisations/ Training Institutions, any other establishments for common public use etc.including those egistered under the Society Registration Act 1860 and the Indian Trust Act 1882

Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant

So far now, we have already discussed the central topic in broad. Now we have to ponder upon the real issue of today’s topic i.e. Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant. The Government is providing Financial Assistance for the installation of Grid Connected Rooftop Solar Power Plants at rate of 30% of the benchmark cost (including the Central Financial Assistance (CFA) of MNRE, if available) or Rupees 20000/- per kilowatt, whichever is less, for installation of the power plant ranging from 1 kWp to 500 kWp to the users of all eligible categories of users. The Government benchmark cost ranges from Rupees 60 to 65 thousand per kilowatt as per the size of solar power plant.

All eligible users may apply online on the portal www.hareda.gov.in of the New & Renewable Energy Department for installation of the Grid Connected Rooftop Solar Power Plant at their premises. After sanctioning of the project by Addl.Deputy Commissioner & Chief Project Officer of concerned District, the applicant may get the system installed from any Company or a body incorporated in India under the Companies Act, 1956 or 2013. The Company or the body should have valid GST registration certificate. The system shall strictly meet out the minimum technical specifications prescribed by MNRE/DNRE from time to time. Only MNRE approved components shall be used in the plant.

After completion of the project the user is required to submit the project completion report online and upload relevant document. The Project Officer / APO/TA shall verify the commissioning of the system and technical specifications of the system and issue provisional commissioning certificate for the purpose of installation of Bi-Directional meter and after installation of the Bi-directional Meter Joint Commissioning Report shall be issued on verifying the commissioning of the system, performance of the system and technical specifications of the system. On recommendation of the project & uploading the final JCR, the Additional Deputy Commissioner-cum-Chief Project Officer of respective district shall sanction the release of subsidy. Thereafter the subsidy shall be released through NEFT/RTGS in the account of the user.

Summary

  • Grid-Tied rooftop solar plants are installed in such areas where grid electricity is available for almost 24 hours a day to enable excess electricity exporting to the Grid through Net Meter.
  • These systems are eligible for Govt Subsidy for Residence, Institutions and NGOs to the tunes of Rupees 20,000 per kW or 30% of the project, whichever is less.
  • No batteries are installed in these kind of system, the Grid acts as the storage.
  • The plant will not work in the absence of Grid for safety measures.
  • This would enable users to cut their electric bills up to 90% for almost 25 years.
  • Users may avail 30% Subsidy on Solar Power Electricity Panels by getting On-grid Rooftop Solar System installed at their empty roof space.
  • One Kwp on-grid rooftop solar power plant may generate 4 to 5 units per day subject to clear day light and availability of Grid. Solar PV modules may perform at least 25% of its warranted capacity even on cloudy days. Solar PV Modules are warranted to perform 80 to 90% for 25 years i.e 90% for first 10 years and 80% for remaining 15 years.
  • One kWp solar plant may help you to reduce your electric bill up to Rupees 1000 per month for 300 clear sunny days in India.
  • Installation of One kWp Solar Power plant would require 110 Square Foot (11 Square meters) shadow free empty roof space.
  • On-Grid solar power plant equivalent to Sanctioned Load (SL) of your electric meter ranging from 1 to 500 kWp may be installed after obtaining prior sanction from State Nodal Agency of particular state Government.
  • On-Grid Solar plant is comprised of Solar Panels, Mounting Structure, Connectors, DC Wire, On-Grid String Inverter, AJB, DJB, SPD, Earthing and Lightening Arresters along with other BOS (Balance of System).
  • On-Grid Solar Plant also includes mandatory 5 Years Annual Maintenance Contract (AMC) as per guidelines given by MNRE, Govt of India other than the individual guaranties / warranties of various products / components.

Contact Highly Professional and Skilled Team of DayRise Solar

To get assistance and full Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant, you may like to contact highly professional and skilled team of DayRise Solar through its Website contact Page DayRise Solar Enerdy Pvt Ltd or by following email addresses alternately for any query related to Solar Energy, Solar Subsidy, Solar power, solar products, design, installation and commissioning of On-Grid / Off-Grid Rooftop / Ground Mounted Solar Power Plants across Haryana and Delhi NCR. Qualified professional of DayRise Solar may assist the users in processing of subsidy application, bi-directional meter application and uploading of all relevant documents.

Email
info@dayrisesolar.com
contact@dayrisesolar.com
vipin@dayrisesolar.com
anand@dayrisesolar.com

Telephone / Mobile / Whatsapp
+ 91 9963493474
+ 91 9618637662

While team of DayRise Solar is not far away from a telephonic call, they could also be reached through Whatsapp at provided Mobile Numbers. Call for following products and Services:-

  • Site Visit and Load Assessment
  • Processing of Subsidy
  • Documentation
  • Assistance in Getting Sanction for Subsidy
  • Rooftop On-Grid Solar Power Plant with Subsidy
  • Rooftop Hybrid Solar Power Plant with Subsidy
  • Rooftop Off-Grid Solar Plant without Subsidy

Address

DayRise Solar Enerdy Pvt Ltd, Mama Bhanja Chowk, Delhi Road, Sonipat, Haryana, India, PIN-131001

Though DayRise Solar Enerdy Pvt Ltd is established at Mama Bhanja Chowk, Delhi Road, Sonipat, Haryana and primarily located in the electrical market of the region. Very easy to reach from Main Bus Stand as well as Nearest Railway Station. Parking facility for the commuters is available nearby at and surroundings of Sonipat Main Bus Stand.

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Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant

Procedure to Avail Solar Subsidy in Haryana for Grid Connected Rooftop Solar Power Plant


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Green Energy – New Type of Energy

green-energy-new-type-of-energy

green-energy-new-kind-of-energy

Green Energy – New Type of Energy

We have been going through international warming and local weather change points attributable to air pollution of fossil fuels.  We definitely have to focus over Green Energy – New Type of Energy.  Folks everywhere in the earth planet have grown drained of having to linger across the air pollution that has been with us for many years. As everyone knows there are Green Energy – New Type of Energy applied sciences which have been found only in the near past. Are these items for actual? Yes, these applied sciences exist and actually are very actual. If you have seen the destruction over the previous few years brought on by a number of environmental components, you may simply see that altering our methods a bit of bit can be an excellent assist.

Different sorts of Energy

There are differing types of energy now we have at hand proper now. But of all the kinds and classifications, these energy sources are damaged in two normal sorts, the inexperienced supply and fossil fuels. That latter is a seen in most locations. If you are questioning the place you will discover the purposes of fossil fuels, look no additional. The commonest place to search out fossil fuels is by merely our streets. Cars have essentially the most consumption for these fuels. The not so good facet of having this sort of energy is the emissions. And when you’ve got 1,000,000 vehicles strolling round for a day consuming a minimal of a minimum of 2 liters of gasoline, I suppose you are able to do the mathematics.

The significantly better kind of energy know-how is the clear kind. This kind can also be known as Clean, Green Energy – New Type of Energy as there aren’t any emissions produced. This in flip will get rid of the air pollution. It makes use of the current assets from nature in numerous types. The commonest of which is solar and wind energy. The thought in that is to harness the already present energy of our environment. Remember that even when we don’t use this types of energy nonetheless they’re current every day. Then that is fairly sensible to make use of to substitute fossil fuels. All now we have to do is to harness this energy into other types like electricity. This is a extra versatile type.

Seek Advice from Solar Energy Companies

Well, we won’t simply change this sort of know-how immediately. We want the assist from firms, topmost of which is solar energy firms e.g. DayRise Solar Enerdy Pvt Ltd and the likes. Yes, we could not have the know-how to immediately change this state. But nonetheless, we do have the data on the way to do issues. And this may not be potential if we, shoppers, won’t assist the know-how. Remember that is additionally ruled by the straightforward thought of provide and demand.

DayRise Solar takes satisfaction in introducing itself as One Stop answer to all of your necessities of Solar Energy Solutions, solar power plant options, solar products, Solar Power Plant Installations like On-Grid, Off-Grid and Hybrid Power Plants with or with out battery backup which incorporates website evaluation, load evaluation, design, procurement, installation and commissioning of vegetation with very best quality and affordable costs.

Contact Us

You may wish to contact Highly skilled and expert crew of DayRise Solar by way of its Website contact Page DayRise Solar Enerdy Pvt Ltd or by following e-mail addresses alternately for any question associated to Solar Energy, Solar Subsidy, Solar power, solar products, design, installation and commissioning of On-Grid / Off-Grid Rooftop / Ground Mounted Solar Power Plants throughout Haryana and Delhi NCR.

 


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Reduce Your Electric Bill with Solar Panel Power System and Subsidy

Reduce Your Electric Bill with Solar Panel Power System and Subsidy

Yes, this is the new Mantra, “Reduce Your Electric Bill with Solar Panel Power System and Subsidy” for all the home owners, domestic dwellings, houses, residence, schools, colleges, institutions and NGO/NPO of repute stature. Solar energy will be conserved, in contrast to standard electricity. It is a recent, renewable supply that doesn’t really prove  detrimental to the planet and the environment. Also, it’s noiseless and is unaltered the reducing petroleum assets as other fossil gasoline heaters do. Here, solar installations are essential to making a greener environment for your youngsters.

Furthermore, solar energy is value efficient as a result of preliminary installation prices get recouped within a brief span of time. It aids to save the price of electricity invoice each month and in addition provides worth to the value of the house. A residence solar system can capitulate cash as electricity suppliers routinely provide incentives as solar generation to pay for any surplus electricity one’s solar system produces or exports to the DISCOM’s grid.

Normally, domestic or residential solar installations are priced beyond most homeowner’s capability. However, varied DIY [do-it-yourself] kits are available to simply arrange a solar system at one’s residence for a small amount of cash.

Moreover, a range of downloadable guides are available on how to make a do-it-yourself solar installation. An information helps to calculate the quantity of energy required to convert into electricity for one’s total house. Also, step-by-step directions are additionally supplied.

Reduce Your Electric Bill up to 90% with Solar Panel Subsidy

Surely, Off-Grid Rooftop solar power plant in India can be installed as per the benchmark cost decided by the Ministry of New and Renewable Energy, Government of India (MNRE, GoI) which amounts to be Rs.70,000 per Kilowatt with an added advantage of Solar Subsidy to the tune of Rs.20000 per Kilowatt or 30% of the project whichever is less.  Similarly, hybrid rooftop solar power plants with battery backup may be installed with bit higher value since it requires a Hybrid Inverter with dual capacity i.e. for captive use as well as exporting to the Grid.

Reduce Your Electric Bill with Solar Panel Power System and Subsidy

An Off grid Rooftop Solar Power Plant is relatively cheaper than On-Grid and Hybrid genre since the inverter used in this technology is standalone and does not inject surplus electricity into DISCOM’s Grid.  This involves a less costly technology.

In order to absolutely make the most of  domestic solar system panels, it must be angled face southwards and tilted at 28 degree in a shadow free area in most part of India.

How much Solar Panel Power System can save

To conclude, the advantages obtained through the use of a house solar system will not be solely mitigation bills however tax incentives and Solar subsidies are additionally supplied by the Indian Government through MNRE and state nodal agencies. To find out best quality solar power plant installation services in your area you may like to make a research online through local search engines.  You may like to know the following Solar Facts :-

(a) One kWp Solar Power Plant produces 4 to 5 units per day.

(b) One kWp Solar Power Plant saves Rupees 1000 per month.

(c) One kWp Solar Power Plant is capable to reduce electric bill for next 25 years.

(d) One kWp Solar Power Plant requires 110 Sq Ft empty roof space for installation.

(e) One kWp Solar Power Plant is eligible for Rs.20000 as Solar Subsidy.

The expert and technical team of DayRise Solar may be called upon to take advantage of 30% Solar Subsidy by installation of Grid Tied Solar Power Plant and Solar System so that to reduce your electric bill up to 90%.  Kindly visit Product page of Company’s website to obtain more information or relevant quotation.

Reduce Your Electric Bill with Solar Panel Power System and Subsidy

Reduce Your Electric Bill with Solar Panel Power System and Subsidy

Source by Marly Kester


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Installing Solar Panels – Is It Worth the Cost?

Installing Solar Panels – Is It Worth the Cost?

Anyone wishes to go for clean, green energy would certainly ponder upon all the possibilities including the first and foremost thought that while Installing Solar Panels – Is It Worth the Cost?

Size, Quantity and the Cost

We had installed a three Kilowatt On-Grid Rooftop Solar Power Plant in June 2017. Our power bills every month had been between Rupees 3000 to $ 4500 and rising before installation of solar power plants. We are a household of four and own a house, with sometimes air-conditioning in winter for heating and in summer time for cooling. The house had low voltage down lights in it. We stay in a plains location, so home equipment for winter heating and summer time cooling are wanted throughout the year. Our consistently rising electricity bills had been a matter of actual concern.

Government Rebates and Subsidy

The Government of India authorities through its Ministry of New and Renewable Energy (MNRE) gives rebates for installation of PV (photo-voltaic) cells or Grid Tied Rooftop Solar Power Plants for domestic, institutions and social sector @Rupees 20,000 per Kilowatt or 30% of total project which ever is less via state nodal agencies (SNA). In our case, the subsidy or so called rebate was priced about Rupees 60,000. The amount of subsidy was disbursed by the District authorities through Chief Project Officer in the District Renewable Energy Department directly into our Bank Account which was duly connected with my AADHAR and PAN card.

    • In suburban areas, the solar panels feed extra electricity into the DISCOMS essential grid utilizing an Grid-Tied inverter which is linked to your electricity meter. The Grid-Tied Inverter in this kind of solar power plant is also capable to export the extra electricity generated by you system into the Grid so that same could be subtracted while importing the electricity from the grid.
    • The electricity meter is modified to a “smart meter” or Net meter which can also be put in as a part of the inverter. The “smart meter” measures the quantity of electricity you utilize (usher in) in addition to the quantity of electricity your solar panels are placing out. As you utilize electricity throughout the day, the meter will subtract your electricity utilization from the quantity of electricity your panels are making.
    • If you generate extra electricity than you’re utilizing, then your extra electricity is fed in the Grid and remain in your credit for one financial year.  You may like to use the unspent energy credits within a financial year or as per the provisions laid down by the state electricity commissions.

The highest kind of savings or benefits is thru exporting your extra electricity again to the provider that actual financial savings in your power invoice might be made. When you get subsidy, rebates, solar generation incentives and reducing your electrical bills to the tune of almost 90%, then doubt about whether Installing Solar Panels – Is It Worth the Cost? is out of question.

Size of Solar Power Plants and Roof Space required

We use about 3 to 3.5kW of power every hour throughout the day. So putting in a 3.00kW solar system would solely nearly meet our instant power requirement.

Given that the most financial savings are from utilizing your own solar energy as well as exporting the extra electricity to the grid, we wanted to install a bigger system. Our roof dimension imply that we might solely accommodate a 1kw system on every roof top. We opted to install a complete of 3kW over 3 roof areas of 110 sq ft each utilizing a particular grid tied inverter that would take power from solar arrays.

Some issues for finding the solar panels:

    • Direction: Roof ought to face south or close to to south to extract the most sunlight. In our case every roof confronted south-east and south-west and appears to work effectively.
    • Roof slope: The panels, in India, ideally ought to be at about 28 to 30 degree from the horizontal to obtain maximum solar in winter and never get too hot in the summer time solar.
    • Overshadowing: Make positively sure that  the panels won’t be overshadowed throughout their peak producing time either from timber, other buildings, TV aerials and many other aspects. If a panel is overshadowed, even a small quantity, that solar generation from that particular panel would be affected adversely or in many cases may won’t generate any electricity.
  • Peak Generating Times: usually between 10:00 am to about 03.00 pm is the common peak producing time for the panels. The instances will improve in summer time from about eight am to about four pm relying on roof orientation.

Apart from including the solar panels, we additionally undertook some modifications inside the house:

    • The washer, dryer and dishwasher had been additionally added to the off-peak tariff saving 50%
    • The off-peak tariff cuts electricity to those home equipment between 6:00 pm to 9:00 pm every day
  • We eliminated all our low-voltage lights and changed with energy environment friendly fluoro down lights and LED Bulbs. The low-volt lights drew about 50 watts per hour. The new lights draw about 15 watts, saving almost 70% on every light.

Installing Solar Panels – Is It Worth the Cost?

We invested Rupees 2,10,00 for all the electrical work together with installation of the solar panels, new meters, new wiring for dishwasher, washer, dryer. Given the subsidies or rebates from MNRE / HAREDA authorities Rupees 60,000 the complete cost or funding of the whole project got here to be Rs.1,50,000.

How much money will we save?

We simply acquired our first solar-boosted electricity account for the spring quarter. Our invoice for this time one months was reduced 90%.  Moreover the reduction of the bill is not only for one month or one year but for the next 25 years due to net metering benefits.

Our greenhouse fuel emissions went from 5 tonnes to 2.6 tonnes, a 48% saving.

When will I get my a refund?

We will save at the very least Rupees 3000 a month and Rupees 36 thousand every year.  So in a long run I might earn near about Rupees 9,00,00 in next twenty five years whereas my return of investment would be almost within 4 to 5 years.

How lengthy did all of it take?

We used a neighborhood electrician educated in solar installations, who offered us with all the solutions for lowering power, revised tariffs for our home equipment and provide and install of the solar system. We first had needed to apply online for solar subsidy with MNRE / HAREDA and subsequently to electricity provider to verify they’d settle for us supplying power to them (2 weeks). The install, re-wiring for tariff change-over to home equipment, solar installation took 5 to 7 days. The good meter was put within 3 weeks later.

Installing Solar Panels – Is It Worth the Cost? – Our expertise opinion

I have no idea why I waited so lengthy to install the panels, and would advise anybody to make this as a part of their long time investment in to clean green energy. If we analyse the above situation, we may certainly now conclude that Yes, of course, installing solar panels is worth the cost.

You may like to contact DayRise Solar Experts to seek opinion about the cost involves and recurring benefits for a longer term in installation of solar panels.

Installing Solar Panels - Is It Worth the Cost?

Installing Solar Panels – Is It Worth the Cost?

 


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What Does It Cost To Put Up Solar Panels?

What Does It Cost To Put Up Solar Panels?

Whenever you plan to go for clean, green renewable energy, first thing come to the mind is “What Does It Cost To Put Up Solar Panels?”

If you would like to reap the benefits of solar energy, you would certainly like to know the total value or costing of solar panels. Let me tell you that purchasing solar panels itself is not sufficient however, getting solar power plant installed, operational and commissioned successfully is most important as well as next to the purchase price, installation cost is the second bigger expense.

“But how much does it cost?”

What Does It Cost To Put Up Solar Panels?

What Does It Cost To Put Up Solar Panels?

“But how much does it cost?” is a standard query regarding solar energy comes to everyone’s mind. People are not only curious but most crazy to know “What Does It Cost To Put Up Solar Panels?”  This is a very complicated and troublesome query to reply as a result of the quantity depends on a number of components: the place you’re on this planet, how a lot solar you get, and the way a lot energy do you employ. Practically, whenever there exists a telephonic inquiry about the cost involves in installation of solar power plants, I normally ask the solar enthusiast a very vital question that “what is your motive to go for solar panels?” I mean, whether you are looking for solution for outage of grid or seeking solutions to reduce your electric bill for next 25 years.  The answer would decide the type of solar power plants to be installed at the prospect’s premises.  In case the prospect is residing in a area where grid availability is very less or limited to few hours, in that scenario, an off-grid rooftop solar power plant would be befitting solution with battery backup.  However, if the person residing in an area where grid is available for almost 18-24 hours, then certainly he or she is seeking a solution to reduce their electric bill and answer to this situation lies in installation of an On-Grid Rooftop Solar Power Plant with Net Metering facilities and optional power backup in Hybrid model.

What is your Sanctioned Load?

Most of the time, a customer or solar enthusiast is not fully aware about his / her electric load hence there is a problem in assessing and analysing the load chart thus solar engineer finds himself unable to design the appropriate solar system.  Answer to the first and foremost question that “What Does It Cost To Put Up Solar Panels?” lies in the answer how much bigger load you want to run with solar panels? or what is your Sanctioned Load? or what is your electric consumption per day?

Rooftop On-Grid Solar Power Plants

Rooftop On-Grid Solar Power Plants are comprised of Solar Panels, Mounting Structures, DC Wires, Array Junction Box, Distribution Junction Box, Lightening Arresters, Earthing, Surge Protection Devices, Grid-Tied Inverters.  It is normally installed in such areas where grid is available for almost 24 hours and there is no outage of grid hence customer does not want any battery backup system.  It is the most common and less priced system since no batteries are installed in it.  Prevailing market rate in India for such installation is Rupees 70 per Watt for Solar Plants. Government Subsidy for such plants is extended @Rupees 20,000 per kilowatt or 30% of total project whichever is less.   The on-grid solar system with net metering facilities are capable to reduce the electric bill of the customer upto 90% hence a win-win situation for customer for the next 25 years.

Rooftop Hybrid Solar Power Plants

Second kind of system is known as Rooftop Hybrid Solar Power Plants which are comprised of Solar Panels, Mounting Structures, DC Wires, Array Junction Box, Distribution Junction Box, Lightening Arresters, Earthing, Surge Protection Devices, Grid-Tied Inverters, Charge Controllers and Batteries.  It is normally installed in such areas where grid is available for at least 18 to 20 hours and needs some battery backup.  This system also could be categorized as costly system since it primarily also accounts for purchase cost of batteries as well as recurring expenditure on that account. Prevailing cost in India for such installation is Rupees 80 per Watt for Solar Plants excluding Batteries and Taxes as applicable.  This system is also eligible for Government Subsidy @Rupees 20,000 per kilowatt or 30% of total project whichever is less.   The Hybrid solar system with net metering facilities and battery backup are capable to reduce the electric bill of the customer up to 90% hence a win-win situation for customer for the next 25 years.

Other factors

There are many other factors which becomes criterion to decide what kind of solar system is required by the customer and “What Does It Cost To Put Up Solar Panels?” As where you reside on this planet determines how much solar you get every day. Since solar power depends on sunlight, it’s essential to have a specific amount with a purpose to generate sufficient power. How much solar you get can also be associated to the place the panels are held on a building or rooftop. Angle, direction and shade are the other components to contemplate. To work finest, solar arrays ought to face south, at angles starting from 15 to 40 degree.

Consumers will want their electrical bill to determine the price of going 100% solar. The first step is to divide the entire variety of Kilowatt Hours (KW) by 30 with a purpose to get your each day common use (many bills will have already got this quantity mentioned out there, so in that case you’ll be able to skip step one). Once you establish your common KWH utilization per day, that quantity is then divided by the typical variety of full solar hours per day. That quotient ought to then be multiplied by 1.15 with a purpose to provide you with a snug margin. An instance of this components seems to be like this: 500 KWH / 30 = 16.67 KWH per day. 16.67 KWH / 7 = 2.38. 2.38 X 1.15 = 2.74 KW or 2,740 watts wanted from solar panels.

According to MNRE / HAREDA, the typical value of putting in a solar system is around Rupees 70,000 per Kilowatt as benchmark cost i.e. Rupees 70 per watt.  This commonly contains the price of the solar panels, inverters, mounts, wires, and , nevertheless it doesn’t embrace the worth of inspection or prices associated to getting on the grid together with your native electrical company.

While this will look like an enormous funding, there are Government and state rebates, subsidies, and native incentives to go solar. There is a yearly accelerated tax depreciation provided to the commercial ventures. Most states will rebate a part of your installation and buying prices. Local energy corporations will purchase your extra energy, which reduces your total invoice for when you’ll want to be “on the grid.” And customers can nonetheless reap a few of these incentives, even when they solely go partly solar to start

Whenever you want to vouch for installation of rooftop solar power plants, stop no where else but at DayRise Solar Enerdy Pvt Ltd, a dynamic venture at Sonipat Delhi NCR; an expert, skilled and and ISO rated company in the region to provide you one stop solution of all your solar energy requirements.


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