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

1. Solar photovoltaic (PV) systems can help you save money on your electricity bills and protect you against rising utility rates.
2. Solar PV systems are eligible for state and federal tax credits and rebates, which can further reduce the costs of installation and ownership.
3. Solar PV systems have little or no maintenance costs, and they can last for decades with proper care.
4. 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.
5. 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:

1. 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.
2. 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.
3. 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.
4. 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.

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:

1. 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.
2. 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.
3. 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.
4. 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.

Solar Power Electric Vehicle Charger

Electric vehicles are the mode of transportation of the future. As electric vehicles are getting more and more popular, it has become critical to implement solar charging for electric cars and bikes. Solar charging stations for electric vehicles have emerged as one of the best ways to reduce India’s dependence on fossil fuels for powering various modes of transport. We anticipate that in the coming years, nearly everyone who owns an Electric vehicle system will install a solar charging station in their home. This will necessitate a fundamental shift in how we think about refueling our cars, as well as a natural evolution of our energy infrastructure. The battery rating of an EV indicates the amount of power that it can store, which indicates how much power is required to fully charge it. And common EV battery sizes 100KWh to 200KWh. Solar-powered EV charging stations are the solution to bring that percentage down to zero. Not only is it beneficial for the environment, but it is also a major benefit for EV owners by reducing electricity bill.

Institute of Solar Technology offering a course on Solar EV Charging Station Designs, planning, costing, ROI, vendor selection and services as a starting point for EV charging installation projects. Case study of EV charging station business model, govt Policies and guidelines.

This course will deliver from basics of Solar Energy, PV Module technology, site selection for solar EV charger to EV Charging Station equipment, different types of Charger, connectors, charging station development and all other parts/ equipment selection, On-grid solar charging station, Off-grid solar charging station design, Vehicle-to-Grid (V2G) technology, workplace charging station, Understanding Finance Basics, GoI Guide line & Business Model, vendor selection, Understanding Finance Basics & Business Model.

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.

We concentrate on the use of grid-connected solar-powered generators to replace conventional sources of electricity. For the more than one billion people in the developing world who lack access to a reliable electric grid, the cost of small-scale PV generation is often outweighed by the very high value of access to electricity for lighting and charging mobile telephone and radio batteries. In addition, in some developing nations it may be economic to use solar generation to reduce reliance on imported oil, particularly if that oil must be moved by truck to remote generator sites.
Now, with solar photovoltaic technology becoming more and more affordable, scalable and accessible, that dream is getting closer to reality. This online course looks at solar PV in depth, examining its potential for today and the near future, exploring the technical challenges, and assessing the commercial opportunities. It offers you an unparalleled insight into the global solar power market, and will give you the knowledge and practical details to shape and lead the future of solar energy.

Discover the PV business and expand your professional options