Benefits Of Rooftop Solar Panels In India

Lack of relevant information and awareness about the benefits of going solar are major bottlenecks in the rapid adoption of rooftop solar in india.

Benefits of rooftop solar panels in india.

It is among one of the very few goods in india that comes under 5. Benefits of rooftop solar panels and factors that further aid their installation in india solar energy refers to the energy obtained from the sun which is a renewable form of energy. Perhaps that is why solar energy corporation of india seci has invited a tender of 500 mw rooftop solar. Market trends of solar panel price in india and elsewhere in the world necessitated the decline of rooftop solar plant costs.

Solar panels can be utilized to transform a part of your house s electricity to decrease your dependence on conventional power origins. Multiple applications of solar power. There are almost 300 sunny days with clear skies each year in india. People end up paying high power tariffs because they are not comfortable incurring large upfront cost of buying solar panels and other equipment.

It is the most attractive tax rate that government renders. Increase your home value. This consumer reality and the undeniable benefits of having solar panels on a home complements recent studies that found property values increase after solar is installed. Rooftop solar panels utilize sunlight to convert it into electricity.

Ample solar energy is available in india due to its perfect geographical location which makes the country receive tropical sunlight. India is situated at an ideal geographical location and receives ample tropical sunlight. Thus rooftop solar panels are ideal to be used here. Rooftop solar programme for residential commercial and industrial buildings with a goal of reaching 175gw 17 50 00 000 kilowatt of green energy by 31 march 2022 the government of india has indeed shown a keen interest and ambition towards promoting the.

The solar rooftop systems fall under 5 tax brackets. This in return allows the user to claim tax benefits on the value depreciated in a given year. Apart from that the basic custom duty on solar cells being used in manufacturing in india is 0. The accelerated depreciation benefit allows the commercial and industrial users of solar power in india to depreciate their investment in a solar power plant at a much higher rate than general fixed assets.

Lack of standard products procedures and the absence of easy financing options from banks has. It is mandatory for all large housing societies in west bengal having a total contract demand of more than 500 kw to install solar rooftop systems to meet a minimum of 1 5 of their total electrical load by solar energy. The use of solar panels is promoted by the department of the ministry of new and renewable energy mnre through different programmes. Government owned webel was one of the first manufacturers of solar energy panels in the country.