Maharashtra rooftop solar power production rises to 1,300MW
Rooftop solar power production in the state has increased to 1,300 megawatts (MW) in 2022 against just 20 megawatts in 2016, said Vijay Singhal, chairman and managing director of Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The cost of installing a panel of up to 3 kilowatts is about Rs 1.20 lakh, and of that, approximately Rs 48,000 or a 40 per cent subsidy is available. So it costs the customer around Rs 72,000. Due to the electricity generated from solar energy, the consumer has to use less of the usual electricity supply which reduces the electricity bill.
As a part of the scheme, of the total project cost – excluding the subsidy amount – the remaining amount of the rooftop solar plant is to be paid to the agency concerned selected by the consumers. MSEDCL authorities said nodal officers will be appointed to solve the issues faced by the agencies at the regional level in getting a share of money assured from the government.
Solar Subsidy Yojana 2023
The Solar Rooftop Subsidy Yojana (SRSSY) is a government subsidy scheme for installing solar rooftop photovoltaic (PV) systems. The scheme is currently open to residential, commercial and industrial consumers. Under the scheme, the government provides a subsidy of 30% of the cost of installing a solar PV system, up to a maximum of ₹1 million (US$14,000). The SRSSY is part of the Indian government’s goal to install 100 gigawatts (GW) of solar PV capacity.
Solar Rooftop Subsidy Yojana Benefits
- Solar photovoltaic (PV) systems can help you save money on your electricity bills and protect you against rising utility rates.
- Solar PV systems are eligible for state and federal tax credits and rebates, which can further reduce the costs of installation and ownership.
- Solar PV systems have little or no maintenance costs, and they can last for decades with proper care.
- Solar PV systems increase the value of your home or business, making it a wise investment in addition to saving you money on energy costs.
- Solar PV systems produce clean, renewable energy that helps reduce our reliance on fossil fuels and protects the environment.
Solar Business Opportunities
The growing demand for green energy has made solar products more relevant in present times. The following are some of the recognized and undeveloped prospects for the solar energy business in India:
- Solar Projects to Develop and Own
You can also continue to work on your solar projects. All you have to do now is assemble a team of experts in solar energy and equipment. Utilize your previous experience executing solar projects by developing and implementing a solid business plan, acquiring funds, and finally constructing it.
- Consultants for Solar Projects
During the solar installation project, you will be expected to supervise, monitor, and offer recommendations as a consultant. You'll be in charge of guiding clients through the whole solar installation procedure. You can either work for yourself or for a consulting firm.
- Auditing of Solar Energy
This opportunity is for people who have a deep understanding of the energy situation and how to meet energy demands. This is a prerequisite for anyone interested in having solar panels installed on their property. Starting this business requires a small investment. An auditor can act as a salesperson, promoting environmental conservation through the use of natural and renewable energy sources such as solar power, as well as advising clients on how to regulate and limit their energy consumption.
- Solar Product Distribution
In India, starting a distribution company in the solar energy sector could be a great business opportunity. Once you've discovered a reputable solar product manufacturer in your area, you'll need to find distributors. Then you can start trading and making money.
The Future of Solar Energy considers only the two widely recognized classes of technologies for converting solar energy into electricity — photovoltaics (PV) and concentrated solar power (CSP), sometimes called solar thermal) — in their current and plausible future forms.
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