Tag Archives: nabard solar subsidy scheme 2018-19
When we contemplate to Install Solar Panels With Solar Subsidy, the biggest problem faced by the house owners is “how to go about it?” Nowadays, Government’s Solar Panels Subsidies have become very popular incentives for residential, Institutional and NGO Sector.
Ministry of New and Renewable Energy (MNRE) in India through State Nodal Agencies (SNA) and District Authorities (ADC as Chief Project Officer) have been disbursing 30% project cost in the form of Solar Subsidy other than Solar Generation Incentives and Net metering facilities to reduce their electric bill to Zero for next 25 years and so on.
Though Commercial users are not eligible for Government Solar Subsidy however, Commercial users and Industrial sectors are also benefited by installing solar power plants at their ventures to avail 40% Accelerated Depreciation of Tax, Net Metering facilities and Solar Generation Incentives to reduce their bill up to 90% for next 25 years.
Solar panel system generates electricity from sunlight through its cells. Solar Subsidy to install solar panels is an idea from Central Government and State Governments that helps to subsidize the price of installing panels. This makes it more affordable for all stream of people whether they are rich or middle class. There are various other rebates around the world, and they are different in each state and country. However, most countries now simply have a feed-in-tariff scheme which subsidizes the price of installing a solar system.
As solar subsidy offers financial support to Institutions, households and community groups, so they can produce solar power on their own by installing small-scale electricity systems. Net Metering by DISCOM Utility ensures that users electrical bills are reduced almost to 90% for next 25 years by means of Power Purchase Agreement between User and DISCOM Utility.
The latest Net metering scheme is now very beneficial; save thousands off a grid connected solar system. Businesses, homeowners and community groups are eligible for this rebate program. There are a number of rebates available for solar system that includes GCRT (Grid Connected Rooftop Solar scheme) and Net Metering. In Net metering scheme, the extra power that you don’t use during day time is fed into the grid which equates the electricity you consume during night when solar is off. Unused and accumulated electricity units produced by a solar power system may be utilized by the user within one financial year. Feed-in-tariff depends on the energy provider and the state.
You can literally save many Rupees on grid connected and off grid solar panels if you Install Solar Panels With Solar Subsidy, solar panel rebates or grants. The latest solar rebate scheme means that when you Install Solar Panels With Solar Subsidy and produce solar power is a not only significantly viable investment but also a clean green electricity idea for the future generations. It is the government’s commitment to reduce the amount of electricity in the grid. The quantity of solar subsidy, rebate grants and the eligibility conditions vary from state to state. Even within a same country, there may be variations. In India, most of the people are enjoying solar subsidy and grants ranging from 30 to 70% as per state provisions that can be rewarded both for Grid Connected Rooftop Solar Power Plants, solar water heating system and agricultural solar water pumps.
It’s time to find your eligibility Install Solar Panels With Solar Subsidy. While some governments need you to be an inhabitant of the place for a fixed time period, some others may have ceiling on the solar subsidy, rebate and grants that a single house can get benefit. A few governments sometimes use property value and personal income as a scale to consider the valid rebate and sometimes, seasonable rebates are also offered to solar energy users. It is necessary to discover whether you are eligible Install Solar Panels With Solar Subsidy. It is possible that sometimes, the rebates may be applicable only for specific panels like Indian Government have imposed restrictions for out side solar panels. To Install Solar Panels With Solar Subsidy you need to abode by the Domestic Content Requirement (DCR) that means only Indian Make solar panels can be deployed in a Government aided solar power plant. Get a clear idea about whether you can get benefit from solar subsidy, rebates, grants and tax or not.
To simplify the matter, let me very clearly explain that to install solar panels with solar subsidy, only two kind of solar power plants are eligible :-
- Grid Connected Rooftop Solar Power Plant – 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 to install solar panels with solar Subsidy for Residence, Institutions and NGOs to the tunes of Rupees 20,000 per kWp 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 apply to State Nodal Agency to Install Solar Panels with Solar Subsidy and avail 30% Subsidy on Solar Power Electricity Panels by getting Grid Connected Rooftop Solar System installed at their empty roof space. On-Grid solar system 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.
- Grid Connected Hybrid Rooftop Solar Power Plants – Hybrid Solar plants are installed in such areas where grid electricity is available for 18 to 20 hours a day to enable excess electricity exporting to the Grid through Net Meter as well as to power the load from batteries during Grid failure. These systems are also eligible for Govt Subsidy for Residence, Institutions and NGOs to the tunes of Rs.20,000 per kW or 30% of the project, whichever is less. Batteries as per system size are installed in these kind of system, the Grid would also acts as the storage being a Grid tied system. The plant will work even in the absence of Grid, however it is quite expensive. This would enable users to reduce their electric bills up to 80% for almost 25 years. Users may avail 30% Subsidy on Solar Power Electricity Panels by getting Hybrid Rooftop Solar System installed at their empty roof space. Hybrid solar system 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.
Consider selecting and approaching thoroughly professional and skilled team of DayRise Solar Enerdy Pvt Ltd for assessing and analyzing your electrical load to Install Solar Panels With Solar Subsidy at your home, office, mall, school or industry.
Contact DayRise Solar team every time you need to know “How to Install Solar Panels With Solar Subsidy” while you plan to install Solar Energy Solar Panel Power Plant System or buy solar panels in Sonipat, Haryana, India. Also to get help and full Procedure to Install Solar Panels With Solar Subsidy in India for Grid Connected Rooftop Solar Power Plant, you may like to contact extremely skilled and expert group of DayRise Solar by way of its Website’s contact Page at DAYRISESOLAR.COM or by email 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 solar subsidy, bi-directional Net meter utility and processing / uploading of all related documents to Subsidy Regulation Authority / DISCOM Utility.
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Site Visit and Load Assessment
Processing of Subsidy
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