Prime Minister Narendra Modi announced a new rooftop solar scheme to be implemented in 10 million houses across India. Finance Minister Nirmala Sitharaman highlighted potential savings of Rs 15,000-18,000 annually for households installing rooftop solar systems under this scheme.
The scheme was renamed ‘PM Surya Ghar: Muft Bijli Yojana’ by PM Modi on February 13, promising up to 300 units of free electricity monthly with an investment exceeding Rs 75,000 crore. Subsidies will be transferred directly to consumers’ bank accounts within 30 days of system commissioning.
Supremacy In Solar PV For Three Decades
The Reliable partner in solar energy has been catering to the energy needs of Residential, Commercial, Industrial and Agricultural customers for the past 38 years. KCP Solar Industry has a very own consulting partner as well as a Sister concern namely Ace Renewtech Consulting Engineers at Chennai who’s committed to working and improvising the standards in Advisory, Project development, and the Entire management of Renewable Energy Projects.
KCP Solar Industry has witnessed unprecedented growth in Solar Applications for both commercials as well as residential purpose. Within decades, it has diversified and revolutionized its products and services to match with the market dynamics in a digital and tech-savvy environment.
Net metering is the concept which records net energy between export of generated energy and import of Utility energy for a billing month. The meter, having the feature of recording both the import and export values.
If your solar panels make more electricity than you need, net metering lets you send that extra electricity back to the regular power supply.
Some systems work independently (off-grid), and others are connected to the main power system (on-grid). The on-grid ones use net metering.
With a net metering facility, if you have more electricity than you use in the daytime, you can export the extra electricity to the grid and you can adjust it in the eb bill. With the help of this, you can make the electric city bill zero
If you don’t make enough electricity and need more, you can get it from the regular power supply. Net metering helps in balancing both export and import EB power.
The grid-connected roof top solar PV system would fulfil the partial/full power needs of Residential buildings. The following are some of the benefits of rooftop SPV systems:
KW | BASIC / KW | BASIC COST | GST | PAYABLE TOTAL COST (BASIC + GST) |
SUBSIDY | AFTER SUBSIDY | |
---|---|---|---|---|---|---|---|
2KW | 68000 | 136000 | 11424 | 154768 | 7344 | 60000 | 94768 |
3KW | 60000 | 180000 | 15120 | 204840 | 9720 | 78000 | 126840 |
4KW | 59500 | 238000 | 19992 | 270844 | 12852 | 78000 | 192844 |
5KW | 63500 | 317500 | 26670 | 361315 | 17145 | 78000 | 283315 |
6KW | 58500 | 351000 | 29484 | 399438 | 18954 | 78000 | 321438 |
8KW | 54500 | 436000 | 36624 | 496168 | 23544 | 78000 | 418168 |
10KW | 48500 | 485000 | 40740 | 551930 | 26190 | 78000 | 473930 |
Using solar panels on your roof is a great way to capture the sun’s energy. It not only cuts down your electricity bills but also lets you play a part in taking care of the environment. If you’re considering installing solar panels, KCP Solar is one of the most reputed solar panel companies in India.
100% Savings on EB for Residential buildings
Low Maintenance Charges
Environmentally Friendly Option
Property Value
Increase
The Rooftop Solar Scheme targets to install solar panels in one crore households to supply power and earn additional money for excess electricity output. This scheme will help poor and middle-class households
The newly announced PM Surya Ghar Muft Bijli Yojana provides a subsidy to install solar panels ranging from Rs. 30,000 to Rs. 78,000, depending on the solar plant capacity.
Solar energy reduces electricity costs, is eco-friendly, promotes energy independence, and can enhance property value. It’s also a sustainable and renewable energy source.
Solar panel costs vary based on size, location, and quality. Prices have decreased, and government subsidy options are also available.
Solar panels perform best in areas with abundant sunlight. Factors such as shading, roof orientation, and local climate impact efficiency. A solar installer can evaluate your specific location.
Solar panels typically last 25 to 30 years or more. While efficiency may slightly decrease over time, they continue generating power for an extended period.
Solar panels need minimal maintenance. Regular cleaning and occasional checks for damage or debris are advised. Most systems come with warranties covering maintenance for a specific period.
You can use solar power during an outage with a battery storage system or backup power solution. However, grid-tied solar systems may automatically shut down for safety during outages.
Many governments provide incentives like tax credits, rebates, or feed-in tariffs to encourage solar energy adoption. These incentives can vary by location.
On-grid systems connect to the electricity grid and use net metering. In contrast, off-grid systems operate independently and rely on battery storage for surplus energy when the sun isn’t shining.
While some may install small solar systems, it’s generally recommended to hire a professional installer for safety, compliance, and optimal system performance