7 Reasons Why Installing Solar Panels on Your Roof Is a Good Idea

January 17, 2022 admin No Comments

Solar panel installation is a big commitment for homeowners. While most homeowners are aware of the benefits of switching to green energy, they often find themselves worrying about the cost of solar energy, the space required for it, its maintenance and what not.

However, they don’t realize that solar is an economic investment, and not just spending. The financial benefits you get from having a rooftop solar power plant are way higher than its cost.

Benefits that your home will get from solar panels are as follows

1. Rooftop Solar Panel Installation Increases the Value of Your Home

Rooftop solar plants for homes are typically made of silicon solar cells and premium-quality tempered glass. The durable build makes a rooftop solar plant last for at least 25 years. During this period, your system pays off through guaranteed savings on electricity bills. Also, in some cases, it becomes an additional source of income as you can earn electricity credits which can be redeemed from your electricity bills in the future thus giving you extra liquidity.

With these advantages, your home becomes a lot more attractive to potential buyers in the housing sector. As a result, you can claim a better price of your home at any given time if you have a rooftop solar plant in your premises.

2. Solar Panels bring Energy Independence

Tired of sudden power outages or paying inflated electricity bills? A rooftop solar power plant for home combined with the battery storage can create much-needed energy independence for you. No need to wait for electricity to power your cooling or heating units as you can use your electronics and appliances anytime you want with solar power. Such type of solar system with battery storage are called off-grid solar solutions.

3. Zero Cost of Rooftop Solar Panel Installation

It’s no secret that the upfront cost of rooftop solar in India can go up to a lakh for a 2kWp system. However, a rooftop solar power plant for homes is a zero-cost investment in the long run. This seemingly giant amount will be offset over a period of 5-7 years, while you continue to lower your electricity bill for 20 to 25 years or more.

Moreover, generous subsidy schemes are available for solar rooftop systems for homes in several states to reduce the upfront solar costs for homeowners. Also, given the high power generation capacity and efficiency of modern solar panels, you can expect your system to give you higher generation and even quicker savings.

4. Low-Cost Maintenance With Longevity

The routine upkeep of your rooftop solar PV system is very little. The design of the rooftop solar structure is such that there aren’t any moving components. Hence, routine cleaning is all you need to do to keep the structure in the best functional condition. Your solar battery may need a little more attention, as regular inspection is necessary to timely address potential preventive maintenance.

Even though your solar panels are exposed to elements of harsh climate, the rooftop solar system is designed to be highly resilient and durable. Most home solar installers will be able to provide 25 years of performance warranty on solar panels.

5. Reduce the Pressure of Paying High Electricity Bills

The biggest reason homeowners are switching to residential solar rooftop systems is the huge potential for cost savings. As grid-electricity is getting more expensive, solar power has become a more affordable alternative for the many reasons discussed earlier. An on-grid solar system allows you to earn an additional income or electricity credits under net metering guidelines by transferring the surplus energy generated back to your local grid.

6. Government Subsidy on Solar Panels

Since the government of India aims to increase its solar capacity to meet its solar goals, subsidy schemes or Central Financial Assistance (CFA) are being offered along with additional state subsidy in many states. For example, if you are in Punjab, you can enjoy a CFA of 40% on buying a rooftop system of up to 3kW capacity. Whereas in Delhi, you can avail of a 30% subsidy on the same capacity of the solar system.

7. Environmental Benefits

It goes without saying that transitioning to renewable sources of energy like solar is a step towards saving the environment and protecting natural habitats. Unlike conventional sources of energy, which produce toxic emissions and generate even higher carbon emissions, solar is a clean source of energy with lesser carbon emissions.

Having a rooftop solar power plant is a major advantage, and there is no doubt about it. With traditional electricity prices going up, a self-sufficient, solar-powered home can help you cut down on your utility bills without compromising on your lifestyle.

Let HomeScape by Amplus Solar help you make the switch to green energy with our customized, built-to-last residential solar rooftop system. Backed by a 25-years of performance warranty, our system will give you huge savings on electricity bill from day 1.

Our end-to-end solution ensures that having a solar system on your roof is hassle-free, rewarding, and convenient as possible. Whether you want to own a solar system without losing the roof space or desire a structure that adds to the beauty of your home or rooftop garden, we have a solar system to suit every home and lifestyle.

Contact our professional solar installers for a solar consultation today.

Net Metering residential solar systems Solar power for home Solar Schemes Solar Subsidies

Solar Subsidy for the Residential Sector in Punjab 2021 | HomeScape

December 15, 2021 admin No Comments

The Government of India is pushing the goal of a “solar-powered green city” in every state, and it notes that the idea is in line with the global solar energy trends. Solar panel subsidy in Punjab is an initiative to make clean and green energy affordable and accessible. Like many other states, the residents of Punjab also have an opportunity to increase their savings by eliminating high electricity bills and their dependence on the government grid.

Is There Any Subsidy on Rooftop Solar in Punjab?

The Punjab State Power Corporation Limited (PSPCL) offers subsidy support for grid-connected rooftop solar systems of capacity ranging from 1 kW to 10 kW. It is expected that solar panel prices in Punjab after subsidy will be more affordable for the residential sector consumers.

The subsidy/Central Financial Assistance (CFA) for a rooftop PV solar system will depend on the capacity of your solar system and its benchmarked cost or on the cost calculated through a competitive process, if lower.

For up to 3kW capacity of RTS system, the CFA applicable is 40% of the benchmark cost.
For systems of capacity ranging from 3kW to 10kW, the user will be eligible for a CFA of 40% for the first 3kW capacity. The additional 20% CFA will apply to the rest of the capacity above 3kW (i.e. up to 7kW). Capacities exceeding 10kW will not receive any subsidy.
The GHS (Group Housing Societies) / RWA (Residential Welfare Association) are eligible for availing 20% subsidy on benchmark cost, given that certain criteria are met. A single house can have a maximum 10kWp capacity of a rooftop solar plant. The total for the entire society should not exceed 500kWp.

It is important to note that power distribution companies (DISCOMs) are responsible for implementing the solar panel subsidy scheme in Punjab and other states. To be eligible for the above subsidies, your rooftop solar system must be installed by the vendors empanelled by PSEB.

Solar Subsidy Scheme in Punjab:

The solar subsidy by Punjab is available for the state residents who wish to switch to solar electricity.

For the domestic sectors, the Punjab State Power Corporation Limited (PSPCL) will provide a maximum of 40% subsidy on benchmarked costs for installing rooftop solar power under net metering. Net metering doubles the benefits of going solar by saving you money and enabling you to earn more of it. Homeowners will first use the electricity generated through a rooftop solar system as per their requirement, and PSPCL will adjust your generated power from the total consumption. The net metering rules, however, are subject to change.

The PSPCL also notes that the solar rooftop subsidy scheme is only available for residential homeowners, registered societies, multi-story apartment buildings, and cooperative group housing societies. Non-residential sectors like educational, PSUs, private commercial, social, or industrial sectors are not eligible to benefit from the solar subsidy for homes in Punjab.

Conclusion:

Financial support for the country’s renewable sector is key to its goal for the clean energy transition. Although the current solar rooftop subsidy schemes are nearing the end of their allocation period, a new wave of support measures is likely to be . For these reasons, we can expect subsidy programs for the residential sector to continue for the foreseeable future.

Although the uptake of rooftop solar installations in residential sector has been slow, partly due to a lack of awareness about solar power and the subsidies available, the situation is expected to improve. As the state government strengthens its subsidy disbursement process, more houses will be solarized in the future.

Now is a great time to take advantage of the solar subsidy schemes for homes in Punjab. At HomeScape, we have years of expertise in installing aesthetically appealing highly durable grid-connected rooftop solar solutions customized to meet each homeowner’s needs. If you need help determining subsidized solar panel prices in Punjab for your residential space, we encourage you to book a consultation with us today.