Lobel Solar Power System

MNRE has revised its guidelines for procuring subsidy from NABARD for Solar PV systems and Solar Water Pumps in OCT 2014, below are few highlights from the revised guidelines Eligibility Only individuals, SHGs, NGOs and Farmer Groups are eligible under this scheme Benchmark Costs  / Subsidy Percentage – Minimum available subsidy is Rs 24 / Wp Rs 75 / watt Subsidy for systems up-to 300Wp Rs 39 / watt with Battery Power Plant  Rs 24 / watt  without battery bank Rs 28800 / HP for solar water Pumping system  Loan and Margin Money 20% of system cost has to be paid as margin money 40% cost of the system can be financed from the bank in minimum rate with term of 5 years Remain 40 % Subsidy Procedure  Submit an application to procure a loan for Solar home lighting system/Solar water pumping available from NABARD at your local bank After your loan application is approved, you would have to deposit 20% of the margin money, d...

What  is NET METERING ? As Lobel Solar Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. Net metering allows residential and commercial customers who generate their own electricity from solar power  to feed electricity they do not use back into the grid. How It Works as per Lobel Solar Power System ? Let’s say that you have a solar Photovoltaic (PV) system installed in your home. That system is generating power, and that power is converted from direct current (DC) to alternating current (AC) via an string inverter or micro inverter so that it can be used throughout your home. However, while you’re away from home; at work and the sun is strongest, not all the energy your home solar PV system generates is actually being used by your home, and this is where net metering comes into play.  Benefits & Advantages of NET Metering Reduction in Energy Bill Bec...