As per the present inhabitants, India has approx. 34 crore houses (whole inhabitants ~ 139 crore). In line with the newest info by our authorities, they’ve a plan to put in photo voltaic rooftop in 1 crore houses by means of the subsidy scheme. They’ve formally introduced that each photo voltaic client will get Rs. 50,000 subsidy quantities. It’s nice information for residential shoppers. However the primary query is, what number of houses are eligible for the subsidy scheme? In line with photo voltaic professionals, 75% of houses have a 1kW sanctioned load and 25% of houses have a 3kW or above sanctioned load. Which means, solely 25% of houses (8.5 crore houses) are eligible for photo voltaic subsidy scheme.
Photo voltaic Rooftop Overview
In line with the Bridge of India Photo voltaic Rooftop Map, the full put in capability of photo voltaic rooftop is 12,762 MW (12.7 GW). Out of this put in capability, Industrial is 3,132 MW (3.1 GW), Industrial is 6,895 MW (6.8 GW) and residential is 2,735 MW (2.7 GW). On this put in capability, 9,889 MW (9.8 GW) is thru the CAPEX mannequin (self-investment) and 2,873 MW is thru the OPEX mannequin (third-party funding).
The commercial sector is rising as in comparison with the industrial and residential sectors. The commercial sector contains manufacturing vegetation, warehouses, and extra. Now, the federal government has targeted on growing the industrial and residential sectors additionally.
On the opposite facet, the price of photo voltaic rooftop set up is lowering year-by-year in addition to photo voltaic panel price per watt has additionally declined. To help the rooftop photo voltaic phase, authorities and banking establishments have additionally taken initiatives corresponding to:
1. Rooftop Photo voltaic Finance: If any shoppers wish to set up photo voltaic panels for houses and companies on Straightforward EMIs / Mortgage facility. They should pay solely 20% – 30% down fee, however they should have their revenue proof corresponding to ITR information of three years, the newest electrical energy invoice of the final 6 months, and KYC paperwork. The rate of interest of photo voltaic mortgage is 8% to 12% with 48 to 72 months mortgage tenure.
2. Photo voltaic Subsidy for Dwelling: At present, shoppers are usually not too conscious of photo voltaic rooftop. They’ve doubts about photo voltaic power like what number of unit photo voltaic panels generate in a day, whether or not I can run our AC home equipment on the photo voltaic system, how a lot space is required to put in photo voltaic panel, does photo voltaic panel work within the wet season or cloudy climate, and plenty of extra. To simplify client issues, our authorities has developed a single window – a nationwide rooftop portal the place shoppers can apply, examine, and declare subsidy quantities. If any client installs a 3kW on-grid photo voltaic system for house, then he’ll get Rs. 50,000 as a central subsidy quantity.
3. Tax Advantages for Enterprise: For industrial and industrial shoppers, the federal government gives 40% tax depreciation from 1st yr to fifteen years. A photo voltaic panel set up for any enterprise is an asset as a result of the lifetime of a solar energy plant is greater than 5 years.
Different advantages of photo voltaic power is to cut back carbon footprint and it’s good for the setting.
What’s the enterprise alternative within the photo voltaic sector?
I’ve defined the photo voltaic sector alternative in India, and many individuals will enter on this sector. India has greater than 45 sectors corresponding to actual property, vehicle, schooling, healthcare, and so on. Actual property has began to undertake inexperienced power now. They’re planning to put in photo voltaic rooftop through the building time. To develop what you are promoting, Loom Photo voltaic gives vendor and distributor alternatives in India with the bottom funding.
