Benefits Of Rooftop Solar Panels In India

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.

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. This in return allows the user to claim tax benefits on the value depreciated in a given year. Government owned webel was one of the first manufacturers of solar energy panels in the country. Rooftop solar panels utilize sunlight to convert it into electricity.

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. Ample solar energy is available in india due to its perfect geographical location which makes the country receive tropical sunlight. Market trends of solar panel price in india and elsewhere in the world necessitated the decline of rooftop solar plant costs. For example you can establish the best solar panel in india to render electricity simply for devices or lighting to decrease your dependence on the service company and reduce your money.

It is the most attractive tax rate that government renders. Increase your home value. Perhaps that is why solar energy corporation of india seci has invited a tender of 500 mw rooftop solar. The use of solar panels is promoted by the department of the ministry of new and renewable energy mnre through different programmes.

The solar rooftop systems fall under 5 tax brackets. 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. Solar improves the value of your home. 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 among one of the very few goods in india that comes under 5. Solar panels can be utilized to transform a part of your house s electricity to decrease your dependence on conventional power origins. Apart from that the basic custom duty on solar cells being used in manufacturing in india is 0. Lack of standard products procedures and the absence of easy financing options from banks has.

There are almost 300 sunny days with clear skies each year in india. Thus rooftop solar panels are ideal to be used here. 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. India is situated at an ideal geographical location and receives ample tropical sunlight.