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Thursday, 26 June 2014

Additional benefits for Investors

Why go for Solar generation?

  • It is a very low maintenance system , compared to other power generation technologies
  • Does not need much active manpower for operation
  • No dependency on any fuel, except sunlight which in abundant in India for most times of the year
  • Green in nature – does not pollute the environment by emitting any harmful gases , so can be commissioned close to human dwelling
  • Break Even Point(BEP) of the project is within 3 to 4 years and project life is approx. 25 years
  • This leads to income for a long time, once initial cost is recovered
  • Gestation period is less compared to other renewable technologies – plant can be commissioned in 3-6 months time with expertise of Lobel Solar power System
  • Government is giving lots of incentives and subsidies on grid connected solar projects

Additional benefits for Investors

  • Concessional duties & tax breaks :
    • Govt. of India announced concessional custom duty on imports , with exemption on excise duty for some project components. With all these, overall project cost is set to come down
  • Meeting the renewable energy obligation set to increase :
    • At present, proportion of renewable energy to be purchased by utilities & conventional producers as mandated by SERC through RPOs varies from 3% to 5% of total generation. This is likely to go up to 15% by 2020.
    • So, RPO & REC mechanism set to get strengthened infuture.
  • As per the August 23, 2011 ruling of CERC, Current REC mechanism valid till 2017 which is set to extend.
  • Making a significant contribution to Earth & our environment by opting for clean & green power generation method

1 comment:

  1. You might qualify for a new government solar energy program.
    Determine if you're eligble now!