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