1. Expect increase in cost of rooftop solar plant if not using Indian inverter by 2-3% as custom duty on inverter increases to 20% from 5%
2. Great news for made in India Solar Lanterns – custom duty increases to 15% as compared to 5%
Sameer Jagirdar from Mumbai has zero power bills on some months of the year. Thanks to his decision to switch to solar-powered electricity.
Interestingly, the resident from Kurla says he contemplated the decision for nearly three years before taking the plunge. Now almost two years into the installation, Sameer feels the decision should have been quicker.
After watching a 5-minute video on how easy it is to install a solar power plant and spending hours on horror stories of solar installations going wrong, many people simply sit on the fence when it comes to going solar.
Sameer Jagirdar from Mumbai has zero power bills on some months of the year. Thanks to his decision to switch to solar-powered electricity.
As a part of our initiative, this time we invited yet another passionate Womanpreneur Ms. Nitu Goel for an interview with us to understand more about her entrepreneurial journey. She is the Founder At Truesun Energy Solutions Private Limited.
Climate change is for real and today the impacts extend well beyond an increase in temperature, affecting ecosystems and communities around the world. Rising sea levels, unpredictable season advances, increasing wildfires can largely be attributed to climate change. The Paris Accord re-emphasis the need to prevent the rise in global temperatures by more than 2 degree Celsius and rather pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. Significant amount of finance is needed to implement country commitments (Nationally Determined Contributions, NDCs) towards promoting a low-carbon and a climate-resilient economy as per the agreement.
Pls follow this link to get an idea of subsidy that will be available to you if you are a residential customer. Though the benchmark cost will be decided based on actual (through tendering) vs benchmark cost, which ever is lower.
https://mnre.gov.in/sites/default/files/schemes/Clarification.PDF
India has set a target to achieve 100 GW power capacity through grid-connected solar energy, out of which 40 GW is estimated to come through rooftop solar installations by 2022.
Out of 40 GW, we have currently achieved close to 4 GW of installation which is barely 10% of the targets to be achieved by 2022. Rooftop solar has huge growth potential but we need to address some of the issues listed below to move at a faster pace towards achieving this target.
India to impose safeguard duty on solar panels imported from China and Malaysia and 90% of panels used in Indian project comes from these two countries. For first year duty will be 25% then 15% for 6 months and 10% of rest 6 months. Duty is in effect -from 30th July,2018.
The duty will lead to increase in price of solar rooftop plant as the capital cost will increase by 20% and unit price of power by 40-50 paise. This will give a tough time to project developers and will further reduce attractiveness of solar as customers and utility will be required to pay more for the same unit of solar
Let’s make it simple. Net meter is a meter that records the import of power that comes from utility and export of power from the solar system. Thus it provides us a platform to send the surplus units generated by solar plant back to the grid. For example if a family is gone for a holiday for ten days, the generation of these ten days will be recorded and send back to grid which can be utilised later.
India to impose safeguard duty on solar panels imported from China and Malaysia and 90% of panels used in Indian project comes from these two countries. For first year duty will be 25% then 15% for 6 months and 10% of rest 6 months. Duty is in effect -from 30th July,2018
