Whether you are a homeowner or run a business, the electricity costs can contribute to a large portion of your annual expenses. With the solar panel system, you can generate your own free power and use accordingly with great savings.

According to the Ministry of Renewable Energy, Central Government provides subsidy of 30% of the installation cost for rooftop PV systems to the states that are in general category. Whereas, up to 70% to the states which lie in the special category.

Moreover, the PSUs are also eligible to enjoy the incentive on the basis of energy generation.

Rooftop PV system subsidy scheme–

*Average cost of installation without subsidy is around Rs.60,000 to 70,000.

*After discounting 30% subsidy, you just have to pay Rs.42,000 to 49,000.

*People with PV installation can also apply for loan which falls under the category of home improvement loan from any Nationalized Bank.

*Consumer will receive Rs.2 per unit of electricity generated as generation based incentive.

Use of solar energy is the best way of reducing carbon footprints. A simple solar panel system posses the potentiality to eliminate 3 to 4 tons of emission of carbon in a year which is almost equal to planting around 100 trees.

The Sun is the infinite source of energy and by using its energy we can generate our own power for consumption which entitles us to achieve energy independence.