Top 8 Reasons to Install a Solar Power System
- Tax Benefit: Accelerated depreciation benefit of 80% is allowed in 1st Year on investments in Solar Power Projects. It reduces your overall project cost by 20%
- Avail Subsidy: MNRE provides 30% subsidy on Solar Power Projects for captive consumption through accredited channel partners such as Gautam Polymers
- Zero Maintenance Cost: Solar Panel systems require zero or very little maintenance cost. Cleaning of Panels is necessary, and having an annual checkup by a professional is recommended, but most owners can expect to do very little for their panels over their lifetime.
- Free Energy for 25 Years: The average life of a Solar Panel is 25 years, so once you have installed a Solar system you don’t need to pay anything for electricity for next 25 years
- Durability: Solar panels come with a 25 year warranty and actual life of these panels is more than 25 years
- Independence of Energy: Knowing that you can produce your own energy, much like having your own vegetable garden, is very satisfying. It’s like having your own Power House. In a Indian scenario where the Power Supply is still erratic to a large part of the country, having your own power source is defiantly an advantage.
- No Pollution: Solar as an alternative source of energy, aids protecting the environment from global warming. A 100 KWp Solar plant can save approx. 10 lac ltrs. of diesel and approx. 3750 tonnes greenhouse gasses being emitted into the atmosphere.
- Attractive Payback Period: The estimated payback period of a Solar project is 2 to 6 years depending on your existing cost of energy. Thus generating costless electricity for the balance life of the project.
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