WHAT IS SOLAR POWER

Solar Power is unlimited amount of energy coming in the form of sun light and then
converted into electrical energy. It is completely green and carbon free source of
energy. There is no carbon emission or not any type of pollution in generation of
solar electrical energy. It is un limited source, without creating any impact on nature.

BENEFITS OF SOLAR POWER PLANT

1. Cut down the big electricity bills – Installing solar panels can help you save
a huge amount of money on your electricity bills. The more solar power
generation from your panel takes place, the lesser power you need to buy from
the electricity company, thus helping you cut down on the electricity costs.
2. Increase your home value– Buying a house with solar panels converts into
low electricity costs. Solar panels will increase the worth of any property in the
market the same as with low property taxes, the ones in the school districts and
with good home energy ratings. Surveys conclude that houses with solar panels
sell 20% faster and for 17% more money.
3. Solar is a secure investment – Solar energy is clearly an upward trend. The
utility companies are infamous for their unreliable and fluctuating electricity
prices. With solar panels and simple math, one can calculate how much
electricity will be generated and mostly, the price of solar power
generation. One can easily calculate the energy cost for the next 20 years.
4. Immense government support – The government supports solar initiatives
immensely. Both residential and commercial solar installations qualify for tax
credits keeping the cost of the solar power generation more affordable. In fact,
New York has some of the best solar tax credits and programs of any state.
And in India too, Solar is booming and growing at a fast rate.
5. Doesn’t take up extra space – It is possible to install solar panels on just any
type of the roof. This prevents the installation from taking up valuable land
space on your property proving to be one of the most efficient forms of energy.
They also protect your roof shingles from elements.
6. Shrink your carbon footprint – Solar panels produces comparatively less
pollution and run silently, making it a vital energy source for fighting climate
change. According to reports, an 8.6kW home solar system avoids an
equivalent of 9606 Pounds of carbon dioxide released each year. It’s basically
doing the work of approximately 50 mature trees. If your entire neighbourhood
goes solar, it will be like growing a forest benefiting both the finances and
environment. You get to choose the best of both worlds by going solar.
7. Suitable for all climates – Some countries may boast about more sunny days
than other regions for effective solar power generation, but solar panels are
effective even in colder degrees. For example, despite having a year-round
hazy and cloudy days, Germany remains to be a leader in Solar energy.
8. Renewable energy source – Unlike fossil fuels and natural gas, the sun is an
energy source that is renewable. The environment benefits from going solar are
worth it as sun is an infinite source of energy and going solar reduces our
dependence on the fossil fuels.
 9. Low Maintenance: Solar panels require very less maintenance. Rain and snow
are all you need to remove for maximum efficiency.
10. Multiple Uses of Solar Power: In addition to generating the power to meet
everyday needs, solar can also be used in remote areas to heat water and
cook, run generators and cars. We already know that rural districts face
electricity shortages and solar can come as a great rescue for them.

BENEFIT IN INCOME TAX

As per Income Tax regulations, Section-82, whatever a person will invest in solar
power plant. He or She can depreciate 80% of the total investment in 2 years. Which
is very attractive feature for any industry owner.
For Example:
Solar Project Cost – 100 Rs
Depreciation Benefit – 80 Rs
Net Benefit (30% of Depreciated Amount) – 24 Rs
Effective plant cost – 76 Rs

RETURN OF INVESTMENT

Return of investment of any solar power plant is not more than 3 years. And plant life
is 25 Years. Means after 3rd year, client will get free electricity for next 22 years.

ZERO MAINTENANCE

Solar plant do not need any special care of any sort of maintenance, Just monthly
water cleaning is sufficient.

AREA REQUIREMENT

1KW System needs 100 SqFt or 10 SqM open shadow free area.

NET METERING

Government buy the excess generated power and adjust the same amount in bills.