Residental And Society

Benefits of using solar power for your housing society

"Solar energy for housing societies comes at no ongoing cost. The initial investment will be paid back in 3 to 5 years, providing nearly 25 years of free electricity thereafter." Solar power for your housing and residential society offers a multitude of benefits:

Cost Savings: The upfront investment in a solar power system can be recouped within 3 to 5 years, resulting in almost 25 years of free electricity. This translates into substantial cost savings, particularly for common area utilities.

Reduced Carbon Footprint: By switching to solar energy, your housing society significantly reduces its carbon footprint, contributing to a cleaner and more sustainable environment. This eco-friendly choice aligns with global efforts to combat climate change.

Improved Rooftop Maintenance:

Solar panels protect your rooftop from harsh weather conditions, extending its lifespan and reducing the need for costly repairs and maintenance.

Enhanced Comfort: The installation of solar panels can lead to a cooler rooftop, which can positively impact the overall comfort of the building. A cooler roof can result in more comfortable indoor temperatures, reducing the need for excessive air conditioning.

Get Higher Subsidy for Solar Systems in 2024 for New Residential Solar Rooftop Consumers

The below table specifies the rates for different system sizes:

  • 1 kWp: 14,588 18,000
  • 2 kWp: 29,176 36,000
  • 3 kWp: 43,764 54,000
  • 4 kWp: 51,058 63,000
  • 5 kWp: 58,352 72,000
  • 6 kWp: 65,646 81,000
  • 7 kWp: 72,940 90,000
  • 8 kWp: 80,934 99,000
  • 9 kWp: 87,528 1,08,000
  • 10 kWp: 94,822 1,17,000

You can find the complete details about central subsidy here.

Frequently Asked Questions ?

Installing solar power in your housing society offers several benefits, including:

Cost Savings: Solar power can significantly reduce common area electricity bills, leading to cost savings for the housing society and its residents.

Environmental Impact: Solar energy is clean and renewable, reducing your housing society's carbon footprint and contributing to a more sustainable environment.

Property Value: Solar-equipped properties often have higher resale values, making your housing society more attractive to potential buyers or renters.

Energy Independence: Solar power reduces reliance on traditional grid electricity, providing a degree of energy independence and enhancing energy security.

Long-Term Investment: The upfront investment can be recovered in a few years, and the system can continue to generate free electricity for decades

Low Maintenance: Solar panels require minimal maintenance, leading to cost savings over time.

The cost varies depending on factors like system size and location. The larger the system, the more the cost!

The size of your system depends on your energy consumption. A solar installer can help you determine the right size based on your usage patterns.

Typically, homeowners recover their investment in 3 to 5 years through energy savings and incentives, enjoying free electricity for decades after that.

Solar panels require minimal maintenance. Periodic cleaning and a yearly inspection are usually sufficient to ensure optimal performance.

Excess energy is sent back to the grid, earning you credits or compensation, depending on your location and utility policies.

Yes, using solar energy reduces carbon emissions, decreases reliance on fossil fuels, and contributes to a cleaner and more sustainable environment.

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