Running a successful business is all about staying on top of your competition, evolving your methods, enhancing your customer base and ultimately improving your bottom line. To say it in the layman's terms, it is all about improving the profitability of your company and saving on everything that you can without compromising on the quality or giving up on critical things. It is a well-known fact that Electricity Bill consumption is a big recurring cost that every industry owner has to bear. While machines continue to get power efficient, the cost of power also has gone up in the last few years and continues to do so, making your electricity bill a recurring expense. This is where going solar can be a well informed Financial decision. With a Solar System on your rooftop, not only will you produce your own power and consume it bringing the cost of your electricity down, you will also lock in the costs of power for the next 25 years. This would mean that the price rise in power would no longer affect you. Beyond this, obviously, there is a huge environmental impact that you would be making moving to a greener and cleaner source of energy. You can also claim Accelerated Depreciation (AD) benefits with solar, which would ultimately reduce your tax liability further improving profitability. Therefore overall, as aforementioned, going solar will be a fitting decision that you would take for your Industry. With the state of Rajasthan famous for its small-scale industries, every penny saved is a penny earned and therefore going solar (especially when the generation in the state is one of the highest) should be seen as necessary. Using our highly Advanced yet accurate Rooftop Solar Calculator, we have projected the outcome for an industrial consumer in Bhilwara who is spending Rs 1,00,000 on his electricity bill. As you can see yourself, the savings and Return on Investment are unprecedented and no other financial investment, be it FD, stocks or any other will give you such benefits. Whether you own a spinning mill or a textiles factory, a cement factory, stone or marble factory or a handicraft factory in cities of Rajasthan like Bhilwara, Chittorgarh, Udaipur, Kota, Jhalawar, etc, you are in the region where sun shines very brightly and your energy savings with solar will be very high and MYSUN will help you go solar and enjoy the benefits of the same. MYSUN already has several high-quality rooftop solar projects executed in the state of Rajasthan and we would be glad to facilitate your solar journey. MYSUN uses only top quality, reliable and high-efficiency solar panels and solar string inverters from Tier 1 manufacturers, has a team on the ground to engineer and design the most optimum solar panel layout on your roof and have on-ground solar operations and maintenance (O&M) teams. With expertise in handling all kinds of rooftops, at MYSUN we are the perfect rooftop solar partner that you need to get high solar generation from your roof. If you are a Solar Installer in the regions mentioned above and want to take your business to the next level, MYSUN is also looking for Solar Partners. You may get in touch with us using the details on our Contact Us Page.

Most of the experts expected the Union Budget of 2018/19 to be the people's budget given that this was the final budget before the next year's Lok Sabha Elections. However, within a few minutes of the session, it was quite clear that the budget would be more pragmatic than populist. The focus was clearly on the promising rural economy of the country and bringing it up to the next level, be it in terms of connectivity, providing health care or homes. The salaried individual who expected some relief in income tax rates or slabs returned disappointed too. There was good news for companies where Corporate income tax rate has been cut to 25% for those with a turnover of up to Rs 250 crore. For the Solar industries, there was a no-show as the FM barely bought it up. There was no clarity offered on topics like Anti-Dumping and customs duty on solar cells and modules. However, the government reiterated its plans for smart cities and utilization of solar there. The Government has also directed the state to purchase surplus power produced by farmers using solar-powered pumps. Overall, the budget will be looked upon as another year of missed opportunity to build momentum going into 2019, with just 3 years left to achieve 80 GW of the 100 GW National Solar Mission. Overall, the budget has a very 2017/18 feel to it, where not a lot was put on the table for solar industry in specific. MYSUN's Take on the Budget

So eventually the 'election year' has taken the shine away from the 'Sun'. It is disappointing to see that the solar energy sector has been ignored in this year's budget. It was much awaited that the Finance Minister would clear the government's view on customs duty on solar cells and modules, but that has not materialized. Overall, with its overriding focus on farmers, the budget is expected to give a boost to rural consumption which in turn will help India achieve its much higher GDP forecasts for the next year.

When we started MYSUN we wanted to bring a change in the way solar is perceived and purchased in India. For the same, you would have noticed that we have taken several interesting steps in marketing solar and ensuring it reaches out to the masses effectively.  In line with our vision, MYSUN is pleased to announce the MYSUN Affiliate Program. The Affiliate Program or the MYSUN Channel Partner Program gives you the power to channelize your network, selling skills and passion to not only earn high regular income but also to be the crusader of change by promoting the cause of green and clean energy.

To put it in a simple language are affiliate program/ channel partner program is a unique higher rewarding program run by the expert team of MYSUN.  Through the Affiliate program, the participants can become Solar Channel Partner and stand to earn up to Rupees 10 lacs per annum or even more depending on the efforts they put in. The more customers you refer, the higher you stand to earn.

A unique feature of the program is the level of engagement our team does with you as well as the ease of managing all your references and interactions with MYSUN in a simple manner on our website (www.itsmysun.com).  Our extensive training and experience program provides the Affiliates/Solar Channel Partners all the required skills, knowledge, tools, etc. in the field of solar energy to participate. This program is designed for people who are enthusiastic about bringing a change in the society, care about our environment, possess good speaking and convincing skills and want to see India become a solar power very soon.  So whether you are a Wealth Manager, an Ex-Armed Forces Personnel, a PSU/Bank Employee or even a Community Builder, you are welcome to participate. In fact, we welcome people from all spheres of working backgrounds to join the MYSUN Affiliate Program. What's more is that through this opportunity you can earn over and above your existing income and be a leader of change for tomorrow.

The working of the program is really simple. You start by registering your interest with us on https://www.itsmysun.com/solar-business-affiliate-program/ and we will get in touch with you with the requisites. Post a successful enrolment, MYSUN will equip you with the requisite training, tools, and material that would help you achieve valuable conversions. Once you have all the knowledge and training, you reach out to your family members, friends, and other contacts to convince them to go solar. The Affiliate team will verify the lead and post a successful installation a success fee is automatically credited to your account. It is really as simple as that.

You should know that the Affiliate Program is 100% safe and reliable source of income for you. For more details, you can visit the Affiliate Program here or simply call us on 9871936466 or drop an email on [email protected].

In order to comply with the revised environmental norms as issued on December 7, 2015, several coal-based thermal power plants will be retrofitted with equipment that would result in reduced emission from these plants. With the smog and pollution reports in regions like Delhi/NCR, this looks to be a necessary move. While the Central Electricity Authority has already prepared a detailed plan for the implementation of these norms and how to manage the disruption when the plants are down for this retrospective fitting, it looks like the biggest brunt will be faced by the consumers. To meet the expected capital expenditure of Rs 70 lakh to Rs 1 crore per megawatt for the plants, a tariff hike of almost 62-93 paisa per unit will be levied in the first year of the retrofitting exercise according to the power minister, Mr. RK Singh. This would take the existing tariff from about Rs 5 per unit to close to Rs 6, a hike of about 15-20%. It is not clear exactly when will this norm come into regulation but when it does, it will see the tariff rise across India and is expected to be a cause of big concern. It is to safeguard against such periodic price rise that installing a rooftop solar system on your own house can be such a benefit. When you go solar, not only are you assured of savings on your electricity bill and a very lucrative Return on your Investment, you also lock in your tariff for 25 years. If you have decided to go solar, make sure you click on the button below to start your solar journey with MYSUN. Also if you are located in Delhi/NCR and are looking for solar panels for home in Ghaziabad/Noida/Delhi/Gurgaon/Faridabad or adjoining areas, you can also call us on 9873167009‬ directly. Source: Economic Times Image via: qzprod

In a bid to push the adoption of rooftop solar in the residential, commercial and industrial sector, the Renewable Energy Department of Haryana has issued Financial Assistance Guidelines. All the rooftop solar systems in the size of 1 to 500 kW will come in the purview of these guidelines. If you are living in Haryana, cities like Gurgaon (Gurugram), Faridabad, Palwal, Rewari or any other city, you should be aware of these guidelines if you are considering installing a rooftop PV Solar System. Below is a summary of the guidelines for your information. Rooftop solar systems for residential, institutional, and social sectors will all be eligible for CFA (Central Financial Assistance). The state government will provide the installations with CFA equal to either 30% of the benchmark project cost or ₹20,000/kW, whichever is lower. The benchmark cost as per the system capacity is shown below:

The Eligibility Criteria for CFA are as follows:

• Minimum technical specifications should be as per prescribed by the Ministry of New and Renewable Energy (MNRE).
• The projects must only use MNRE-approved components.
• Projects that are installed before any site is visited by a government official will not be considered for subsidies.
• If an applicant has to install grid-connected rooftop solar projects without net metering, the project will be eligible for CFA. But the user must give notification in writing that the generated power won’t be injected into the grid.
• If more than one user of a grid-connected rooftop solar project is connected to a common energy meter, then a joint undertaking must be provided that allows the meter to connect to more than one project with the same energy meter. These projects will also be eligible for CFA.
• The project should be completed in the completion time frame (5 Months).

 

With inputs from Hiten Mahajan

The UT administration had issued a notification last year, making it compulsory for all houses and group housing societies in Chandigarh that occupied areas more than 500 sq. yards, to install rooftop solar system. However, the implementation of the ruling has been more miss than hit, until now. With the period of the notification set to expire, the UT Administration is beginning to issue notices to those independent houses and group housing societies who have not abided by the notification.

According to this report, there are over ten thousand buildings that qualify under this ruling to mandatorily install rooftop solar system but only about 100 of them have done it. Another 158 have applied so far, which would take the total capacity to about 1,475.98 kWp.

It is to encourage the adoption of rooftop solar that Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) had also announced a subsidy lead program as well as a cash reward for the best performing RWA. Despite that, the uptake has not been significant and therefore these notices are being sent to the defaulters. The UT Administration aims to convert Chandigarh into a 100% solar powered city which would serve as a model to replicate in all UTs across the country. The city has an installed capacity of about 13.5MW, while the aim is to reach the installed capacity of close to 50MW.

If you are in Chandigarh and would like to install rooftop solar system on your house, you can get in touch with our solar advisors by writing an E-Mail on [email protected] or calling us at: ‭+91 98731 67009‬.

After the Final Draft of the Uttar Pradesh Solar Policy 2017 was announced in July, the final solar policy for the state was released yesterday. The solar policy can be accessed here. Several interesting points have been highlighted in the policy, none more so than the fact the Government lead by Yogi Adityanath is looking to add at least 10GW of solar power by the end of the year 2022. We have summarized the solar policy for you presenting the key highlights. They are as follows:

• Uttar Pradesh government has set an ambitious target of generating 10,700 MW of solar power in next five years by the end of 2022, out of which 4,300 MW is the target set for solar rooftop systems.
• Uttar Pradesh Government has set an 8% Renewable Purchase Obligation (RPO) target till 2022.
• For grid-connected solar rooftop system under the net-metering arrangement in the Residential segment, a state Government incentive of Rs. 15000 per KW to a maximum of Rs. 30000 per user is provided. The amount would be disbursed after effective installation, commissioning of the solar system and completing documentation to UPNEDA. The project should be completed within 6 months of the beginning of installation to avail the incentive from UPNEDA. Also, the incentive (solar subsidy) is available only for first 100MW installation on a first come, first serve basis.
• Only for installations of solar power plants in Uttar Pradesh, greater than 10kW, approval from State Electricity Inspector is required.
• Another incentive in the new solar energy policy is that it allows investors the facility of 'open access' and thus to sell power to an individual or institutional consumers within and outside the state. This was restricted in the previous policy framework and they were supposed to feed the entire energy generated to UP Power Corporation Limited (UPPCL) grid.
• Under the new policy, the state is drafting an action plan to develop an exclusive Green Energy Corridor in the arid Bundelkhand region at an investment of about Rs 4,000 crore with partial funding by the Union Government.
• For new solar power projects in Bundelkhand and eastern UP, the state government would bear the cost of linking the solar power project with the power grid or the cost incurred in laying the overhead power line
• The land ceiling of 5.058 hectares has been removed exclusively for setting up of solar power plants. Plus 100% exemption from stamp duty. Also, complete exemption from electricity duty for at least next 10 years.
• The private solar power generator will have the freedom to sell the power anywhere in the country and will get 100 percent waiver in transmission charges.

With inputs from Mr. Hiten Mahajan

Goa's Chief Minister, Mr Manohar Parrikar has announced that the Goa Cabinet, after long rounds of discussion has finally approved the new Solar Policy for the state. The new solar policy for Goa will come into full effect around the end of the current financial year. The next two to three months will be utilized for a proper documentation of the policy, which will have three categories, including a 100 KW prosumers.

According to the new policy, a landowner or anyone who can take a NOC from a landowner to set up a solar plant will not be required to take any sort of permission from Civic Authorities for a land conversion, therefore expediting the process of setting up the plant. Solar farms will be permitted to be set up on Comunidade land, as long as a permission can be obtained from the villagers. The prosumers who are which can generate less than 100 KW power would be entitled to get a compensation via Gross Metering, while those above the 100KW mark, can opt for Net Metering.

In an interesting Financial arrangement, the policy adds that state will provide loans up to 50% of the plant cost which can be repaid in the form of units sold back to the State. The new Solar Policy will play a key role in driving the state to the set target of 150 MW by the year 2021.

Source: ET/ TOI

Uttar Pradesh has joined the likes of Punjab and Delhi in increasing the power tariffs of the state. The state has announced that tariffs have been raised by as much as 63% in certain cases. Most of the residents of the state can expect a rise of around 12%. Electricity prices have been on their way up and UP saw 5.47% tariff hike in the year 2015. The current government has reportedly proposed hike of as much as 22% in the coming days, which could make your electricity bills go soaring up.

For the metered urban domestic connections, a hike of 9% has been announced, which would see the first 100 units to be charged at Rs 3 and Rs 4.50 per unit beyond that. It was announced that the average hike for domestic consumers will be in the region of 12%. Post the announcement yesterday, the urban domestic consumer will be hit hard with the tariff for first 150 units now set at Rs 4.90/ unit, for the next 150 to 300 units the slab will be Rs 5.40/ unit, and for 300 to 500 units the revised rate will be Rs 6.20/ unit.If you consume more than 500 units, you will be paying Rs 6.50 rupees per unit.

The only winner in this price hike has been industrial segment consumers, who have been exempted from this price hike as the Government feels raising the same would hamper the growth of the industries and therefore employment opportunities, clearly outlining how cheaper power today is one of the most important factors to consider. The Government has also given a 15% exemption to smaller industries which are operating between 5 AM and 1 PM in the winters.

The worst hit is the unmetered power connections across Uttar Pradesh, where the rise in the tariffs is 63%. UP alone has more than 65 Lakh, unmetered power connections mainly in rural areas. The hike will see the tariffs raised from about Rs 180-200/kW/ month to Rs 300/ kW/ month.Next year, in March 2018, this will be raised to Rs 400/ kW/ month. The Uttar Pradesh Electricity Regulatory Commission (UPERC) chairman, S.K. Agarwal stated that this hike is because it was no more ‘viable’ to be supplying power at such low costs. BJP spokesman Manish Shukla further added that this hike is in order to generate enough revenue to meet the promise of power-to-all by end of 2018.

Fixed charges also have come under revision, with the metered connections fixed charges being revised from Rs 50 per month to Rs 80 per month. As a result of this power hike, the government expects to close the gap between the cost of supply and revenue by 0.60 per unit to Rs 0.74 per unit.

With inflation already on the rise, a basic utility like power cannot be done without. The only ones not affected by the news are those who have already installed rooftop solar power plants on their homes and are completely aloof to these power hikes. They are already on a fixed tariff for the next 25 years and must be smiling reading these stories. If you envy them and are looking for savings and a fixed cost for the next 25 years, you should not wait any longer. Click on the button below, and start your solar journey with MYSUN today.

Source: Mint/ ET

When you install a rooftop solar system at your home, you initiate a 25-year long relationship. A well kept and maintained solar system is an asset on your rooftop for 25 years easily. The keyword here being, well maintained. It is true that solar PV systems today do not require extensive maintenance but to ensure that your generation is high, a regular maintenance especially solar panel maintenance is imperative. While most would tell you just a normal cleaning with a hosepipe would do the trick, at MYSUN, we highly recommend purchasing a dedicated maintenance solar package.

Being a full-service solar company, when you decide to go solar with MYSUN, you are offered a comprehensive and a detailed O&M package which you can purchase and ensure your solar system is in great health throughout the lifetime. However, you may still have a question as to why exactly do you need a dedicated O&M package for your solar system, and we have designed a detailed infographic that would give you a full information.

With MYSUN, your solar system, therefore, is always in the hands of the best experts in the business. Just another reason, of many, to go solar with us, the best solar service providers in the country. Start your solar journey now and click on the link below to go solar.