What Did The Union Budget 2022 Have For the Solar Sector?

Arpit | 1st February 2022

Rooftop Solar

Over the last few years, at MYSUN, we have shared our views and takeaways from the Union Budget and its impact on the solar industry at large. In case you missed it, here is the blog post outlining the impact of the Union Budget of 2021 on the industry. As is the tradition on the 1st of February, the Finance Minister took the floor and announced the Budget for the Financial Year 2022/23.

The budget at large spoke of the energy transition and the need for attention towards climate change and a greener economy. The Finance Minister announced an allotment of INR 19,500 crore for production-linked incentive for manufacturing of solar modules domestically. The Finance Minister announced, "For facilitating domestic manufacturing for the ambitious goal of 280 GW (GigaWatt) of installed solar capacity by 2030, an additional allocation of Rs 19,500 crore for PLI scheme for manufacturing of high efficiency (solar) modules with a priority of fully integrate manufacturing units for polysilicon to solar PV modules will be made."

On the other hand, the budget estimated to the MNRE for 2022-23 for investment in SECI has been halved to less than INR 1,000 Cr from INR 1,800 Cr from the previous financial year. The Government will also be providing financial support for setting up of Distributed Renewable Energy projects across the border villages, aiding their electrification. The budget also saw the introduction of sovereign green bonds for funding public sector infrastructure projects.

In addition to the direct impact, there is also a substantial increase in spends on building roads, in tune of about 56%, which will definitely aid connectivity and infrastructure, allowing for faster movement of cargo across the country.

Like most budgets, it will be interesting to see the detailed implementation plan and policies that will be key towards the success of the budget. On paper, we look to be well geared towards a green economy overall.

Use your CSR Funds to Solarize and Empower the Villages of India with Mon Ami and MYSUN

Nikhil Gupta | 26th August 2019

CSR Funds for underprivileged

 

As per section 135 of the Companies Act, 2013, CSR initiatives are a mandate for all qualifying companies in India. As a responsible member of society, working towards the upliftment of society and the general well being of the environment; fulfilling Corporate Social Responsibility for sustainable development is more than just a legal mandate for companies. It should be acknowledged as a moral responsibility for all business entities. After all, businesses flourish only in a flourishing society and environment.

There are countless benefits of corporate social responsibility to society. And companies can use their CSR funds under numerous pillars to fulfil their responsibility towards building a better society, and sponsoring environmental sustainability is one of them.

India is a power excess country but the lack of infrastructure still has left millions living in the darkness. For them, power remains a distant dream. To mitigate the complexities of connecting these remote villages to the main power grids, independent solar systems can be a suitable solution to bring power to their homes. The Government of India has a target to make India a 100GW solar-powered nation by the year 2022, and to meet its growing power demand in an environmentally friendly manner. Various international agencies including the World Bank have offered funds to aid India in its mission to solarize the country.

At MYSUN, we very much support the vision of ‘Power For All’ and strongly believe in the application of solar power to bring power to the remotest of locations. To achieve this goal, MYSUN has partnered with the Mon Ami Foundation, a registered non-profit trust, to help Corporates use their CSR funds to establish solar power projects for the underprivileged and the unconnected across India. Together, both MYSUN and Mon Ami believe that energy is a necessity and when available abundantly in the form of solar energy, no one should remain deprived of its utility.

How MYSUN can help use your CSR Funds to build a Sustainable Environment and Society by Solarizing India

Clean and sustainable energy provided by solar qualifies as spending for Corporate social responsibility towards the environment. To provide the complete end to end solar solution to the underprivileged, MYSUN has tied up with the Mon Ami Foundation, a registered Not for Profit Trust, which has been operational since 2015.

We have predefined the following packages for the quick deployment of CSR funds for the installation of solar projects. These packages start at Rs 5 lacs and go up to Rs 25 lacs. For CSR funds beyond this value, our team will work directly with you on a customized plan.

As a corporate, you can expect the following deliverables for CSR funding:

  1. Complete end to end project management
  2. Pre and post-impact assessment of the CSR project
  3. 80G Certificate for claims from the Income Tax department
  4. Fund utilization certificate from Chartered Accountants
  5. Complete project implementation report

How to Proceed to Fulfil your Corporate Social Responsibility towards the Environment and Society by Solarizing India with MYSUN

Step 1: Contact MYSUN for deploying your CSR funds under the environmental sustainability pillar by sharing your details here, or writing to us at [email protected].

Step 2: Share your geographical area of focus, budget, choice of solar products and timelines for the project.

Step 3: MYSUN will then work with Mon Ami Foundation to create a specific solution.

Step 4: Mon Ami foundation thereafter will share a “Request for Grant”.

Step 5: As a Corporate, you approve the project and release the CSR funds.

Step 6: Mon Ami Foundation and MYSUN will complete the project by working with local Self Help Groups(#SHGs) and recipient communities and submit all required documentation.

With just 6 simple steps Corporates like yours can bring sunshine in the lives of millions in the country. If you are a member of such a corporation who would like to use their CSR funds for empowering the nation and for the betterment of the environment, do connect with us by submitting your enquiry here or by writing to us at [email protected]. You may also directly call us on +91 9873167009.

How Solar Power Plays a Big Role in ISRO’s ‘Chandrayaan-2’ Lunar Mission

Varun Jha | 24th July 2019

ISRO

 

If you have been paying attention to the news lately, you would know that ISRO (Indian Space Research Organization) just launched its most ambitious mission yet - Chandrayaan-2.

Chandrayaan-2 is India’s second lunar exploration mission after Chandrayaan-1 that was launched successfully back in 2008. And since then, ISRO had been painstakingly planning Chandrayaan-2 for the past 11 years, and on 22 July 2019 at 14:43 hours (Indian Standard Time), Chandtayaan-2 was launched successfully.

About the Chandrayaan-2 Launch

The launch was initially scheduled for 14 Jul 2019, and although there was a delay due to a technical snag, ISRO bounced back and successfully launched its second lunar mission on 22 July 2019. Chandrayan-2 is expected to enter the moon’s orbit on 20th August 2019 and is planned to land on the lunar surface on 7 September 2019.

If the mission progresses smoothly and a successful landing is carried out on the planned date, India will become only the fourth country to achieve a soft landing on the moon.

The Role of Solar Technology in the Chandrayaan-2 Lunar Mission

The primary objective of Chandrayaan-2 is to demonstrate the ability to soft-land on the moon and operate a robotic rover on the lunar surface while studying the lunar surface and its composition, especially at the Southern Pole. This robotic rover is named Pragyan (translated to ‘wisdom’ in Sanskrit) and will operate on solar power as its equipped with a 50-watt solar panel, that will help operate the vehicle through a sleep/wake-up cycle remotely on the moon’s surface.

But the role of solar doesn't just end there.

How the Chandrayaan-2 Mission Can Help Unlock The Potential of Solar Power on The Moon

The mission’s primary goal is to understand and map the potential of ‘Lunar Water’ near the lunar poles. But aside from understanding the potential sources of water, the lunar south pole is quite possibly the best source of sunlight on the surface, which can lead to future lunar explorers to unlock the potential of a continuous supply of solar power on the moon.

If scientists and explorers can discover the potential of ice water and an endless supply of solar energy on the moon, there is no denying the possibility of humans one-day populating earth’s satellite and building a base for future space exploration.

Here’s hoping that ISRO sees Chandrayaan-2 to success, and helps unlock the mysteries of Earth and Sun’s favorite satellite.

Another no-show for Solar at the Interim Union Budget- 2019/20

Nikhil Gupta | 1st February 2019

Another no-show for Solar at the Interim Union Budget- 2019/20

The much-anticipated Interim Union Budget of 2019 presented in the Lower House (Lok Sabha) of one of the fastest growing economies in the world today, had nothing interim about it. The acting Government announced their vision and plans till 2030; projecting their confidence in regaining power in the 2019 General Elections.

Contrary to the expectation of the solar industry, the budget didn’t have any incentives for the segment. However, the middle-class and MSMEs stand a lot to gain.

The budget began with Interim Finance Minister, Piyush Goyal boasting the achievements of the government in its active tenure. Amongst the emphasized milestones such as - India becoming the 2nd largest hub for startups, the impending 100% electrification across the country and the recovery of INR 3 lakh crore from big corporate loan defaulters; there was only a single mention about the solar industry. Piyush Goyal stated - the installed solar generation capacity in the country has increased by 10 times in the last five years resulting in the creation of lakhs of new jobs in the sector.

Apart from this obvious statement, there were no major announcements or future tax reforms relating to the sector directly. However, there were definitely major announcements on tax benefits for the middle class and MSMEs.

As a major benefit to the middle-class taxpayer, the interim Financial Minister, Piyush Goyal had announced that anyone earning up to INR 5 lakh a year is no longer required to pay tax, while anyone with an annual income up to INR 6.25 lakh no longer have to file income tax returns. This announcement of drastic revisions in tax rebates and slabs could be seen as some benefit to the solar industry, as the middle class now have the inclination to invest more and look at solar energy as a viable option.  

There was some good news for the SME and MSME segments, with the announcement of various tax schemes that will benefit small and medium enterprises. The tax rate for firms with a turnover of up to INR 250 crore has now been reduced to 25% from 30%. This reduction in tax rates and the subversion of interest rates by 2% can enable MSME units and manufacturing industries to have excess capital to invest in solar and deal with their rising electricity tariffs.

MYSUN's take:

While a strong focus on growth in the renewable energy space was expected to be a bigger part at the commencement of the budget, there were no major announcements, tax reforms or realistic targets set for the coming years, with the solar industry in mind. Although the tax revisions for the middle class and MSMEs could drive more interest amongst consumers towards solar as an investment, there is very little incentive for anyone to consider solar for the long term future.

 

Telangana leaps in Solar Power generation in India: All the more reason to go solar in Telangana

Nikhil Gupta | 16th November 2018

Image source – Proptiger

Telangana is one of the youngest states in India. But when it comes to solar power it can be seen as one of the eldest and most influential. Yes, Telangana, a state born after separation from Andhra Pradesh on June 2nd, 2014 has been a prominent player in the solar segment. In India’s crusade to get the nation solarized, Telangana is the second largest state when it comes to solar energy generation with a capacity of 3400 MW and a rooftop solar installed achievement of 14,449 kWp.

The dark days seen by Telangana are no secret. Severe power crisis which dominated the region before its separation had always narrowed growth and prosperity in the region. However, within nine months of creation not only did the state overcome its power deficiency by significant capacities but also gained the confidence to become an energy surplus state by harnessing solar energy.

Leading India’s Solar Mission:

In the collective mission to harness solar energy as the core source of power in India, Telangana plans to achieve solar energy capacity of 5000 MW by 2022. Getting close to its target, the state has already achieved 68% of the total set capacity and the rate of solar adoption has only been increasing.

As per recent media reports, the Telangana State Renewable Energy Development Corporation (TSREDCO) has announced to augment 45 MW of rooftop solar energy capacity this year 2018-19. In order to nail the target, TSREDCO plans to encourage individuals and institutions to set up rooftop solar systems for individual utilization and supply excess generation to the grid. This inclination towards rooftop solar power by the govt. of Telangana is seeing a positive rebound from various government and non-government institutions.

Rooftop Solar Potential in the State:

The state has one of the highest solar generation potentials in the country and it is estimated that Hyderabad alone has a power generation potential of 1730 MW through rooftop solar systems. With such high potential, an investment in rooftop solar in the state can only prove to be a profitable proposition.

By going solar with MYSUN, one stands a chance to save up to 70%* on their monthly electricity bills. In addition, MYSUN also offers solar finance and operation and maintenance offerings such as MYSUN Flexi-Pay and MYSUN care - a 25-year service guarantee.

Favourable Solar Policy in the State:

The ease of transformation to solar can also be seen in the state’s solar policy as the state govt. assures reasonable benefits for opting for rooftop solar. While the detailed policy can be read here - Telangana Solar Policy, some of the key pointers from the policy are as follow:

1. The policy has allowed the cumulative capacity of all rooftop Solar PV systems under the Net Metering Arrangement to up to 50% of the rated capacity of the local distribution transformer.

2. Policy allows C&I customer to install a rooftop solar system up to 80% of the sanctioned load to a maximum of 1 MW. However, for a residential customer system size can go as high as 100% of the sanctioned load.

3. For system size greater than 75 kWp, approval from the Chief Electrical Inspector to the Government (CEIG) is required, who shall then test and certify the safety and protection within Fifteen (15) working days from the date of receipt of the information.

Why Consumers and Business Owners should Go Solar in the State:

With great progress and zeal towards solar energy in the state, we believe there can be no better time for people and industries in Telangana to begin availing the benefits of solar energy. With growing environmental concerns, solar energy empowers us to reduce dependency on non-renewable sources of energy, providing added benefits of reduced electricity costs.

The reason to go solar for business and individuals in the state is also that of the ever increasing power demand in the state. As per a recent media report by Business Standard, Telangana leads southern Indian states in demand for power consumption. In Fact, the per capita consumption in the state is 33%, which is even higher than the national average. While in August the state had a record-breaking power consumption of 10,429 MW, this demand owing to the high requirements from the industry, agriculture and households sectors with 30% contribution from each is only expected to grow multifold. And, in terms of individual requirements, energy consumption of businesses are obviously high.

This is why business in the state have already started switching to solar energy. In fact, State Bank of India, the largest public sector bank in the country, recently started installing rooftop solar systems across all the branches and offices in the state and is now looking at saving Rs 1.51 crore annually on its electricity bill. With rooftop solar systems installed in all branches and offices of the bank across the country the bank would be saving Rs 30 crore annually. Below is the announcement made by the bank. The detailed announcement can be read here.

Telangana Solar

The financial benefits of adopting solar energy over grid electricity has been observed in other states of the country as well. For example, a MYSUN customer who is also a business owner in Maharashtra is earning savings of more than 68% in its monthly electricity bills by going solar. The detailed case study of this customer can be read here - MYSUN Maharashtra Industrial Case Study. A similar example is a resident of Nirvana Country in Gurgaon who has reduced the monthly electricity bills by significant amounts and is earning saving of 75% by going solar. Read the details of the savings here of this customer - MYSUN Gurgaon Residential Case Study.

Therefore, if you are in Telangana there can be no better time to go solar than now. You can check the financial and non-financial estimates of benefits that you would avail by going solar in seconds by running the MYSUN Solar Calculator.

Conclusion

As evident the sun has been shining brightly on Telangana and the state’s efforts are clearly seen through its commendable results. While there still is a long way to go for Telangana to become a fully sustainable energy driven hub, its ingenious outlook towards solar along with individual participation can very well lead to the state to become a leader in Solar. If you are a house or a business owner in Hyderabad, Warangal, Nizamabad, Khammam, Karimnagar, Ramagundam or any other city in Telangana and are eager to increase your savings for the next 25 years, click on the below button to schedule a site survey today.

Tamil Nadu to Roll Out its New Solar Policy to Push the State towards a Sustainable Future

Nikhil Gupta | 3rd October 2018

Solar Power in Maharashtra

Image Source: Culture Trip

Tamil Nadu is all set to roll out its 2018 solar policy. The state which stands 5th in installed solar capacities in India is forging ahead with all new determination to help the country achieve its target of 100GW of installed solar capacity by 2022. The policy draft, released by Tamil Nadu Energy Development Agency, which currently seeks public solicitation aims to create a framework that enables an accelerated development of solar energy in the state. Let’s take a look at the key pointers and highlight from the draft below:

  1. The state aims to make solar energy the main source of energy. With this vision, the state will have an installed solar generation capacity of 8,884 MW by the year 2022 of which 40% will be met by consumer scale solar energy generators.
  2. An ecosystem will be established with clear and transparent policy governance to facilitate solar power deployment and encourage solar system adoption by consumers. For the same, a single window system for technical, funding and project clearance support will be established.
  3. Penalties specified by Tamil Nadu Electricity Regulatory Commission (TNERC) shall be enforced on the DISCOM in case of failure to comply with the RPO mandates.
  4. In the case of distribution licensees, the solar energy fed into the grid will be purchased by the distribution licensee at the prevailing solar energy tariff as determined by the TNERC or a tariff determined by a bidding process.
  5. TNERC shall determine a dedicated solar energy storage feed-in tariffs which shall be designed to incentivize solar energy export to the grid at peak demand hours.
  6. Building type that requires being Energy Conservation Building Code (ECBC)-compliant will follow ECBC compliance guidelines for the installation of Solar PV and Solar Thermal energy systems. The Directorate of Town and Country Planning in collaboration with local bodies shall amend their building by-laws to mandate ECBC.
  7. All public buildings will be mandated to meet 30% of their energy requirements from solar energy, streetlights, and water supply installation of Corporations, Municipalities and Local Urban Bodies are mandated to meet 30% of their energy requirements from solar energy and all State Government Departments shall replace 10% of their existing vehicle fleet with solar powered, electric vehicles by 2022.
  8. Solar energy will be exempted from electricity tax, grid connectivity, open access, wheeling, and banking and cross-subsidy charges.
  9. Property tax abatement shall be provided by Corporations, municipalities and local urban bodies to the domestic building that installs consumer scale solar energy systems.
  10. Suitable incentive schemes will be designed to promote solar energy generation in the agricultural sector and to promote the co-utilization of land for solar energy projects, crop cultivation, and rainwater harvesting.
  11. Solar energy imported by the distribution licensee from non-obligated solar energy producers (including electricity consumers with gross or net feed-in facilities) can be claimed by the distribution licensee towards the fulfillment of their renewable energy purchase obligations (RPO).
  12. The government will promote manufacturing of solar energy components in the state and land for the same will be identified. A single window process for all departmental approvals, including a set time limit for each approval, will also be designed.
  13. April 2019 onwards, new service connection meters shall be configured for energy recording and display so that all new service connections and existing service connections for which the meters are replaced in the normal course of maintenance are ready for effecting solar energy net metering at any time in the future.
  14. The billing system will be updated and enhanced by the distribution licensee such that relevant details pertaining to solar gross feed-in and net feed-in are included in the electricity consumers bills.
  15. The billing data of each consumer will be made available online by DISCOMs along with along with a sample bill explaining the various billing components above.
  16. The online application for gross feed-in and net feed-in will be promoted by the distribution licensee. The status of applications received for net-metering, both offline and online, will be displayed online by the licensee.
  17. All public and private schools in the state will be mandated to introduce curriculum on energy and environment into the syllabus of 9th standard students and higher education institutions will be mandated to host an annual energy and environment day to create awareness about climate change and the benefits of renewable energy as a climate mitigation strategy.
  18. The state will facilitate research and development in the solar energy sector.

The policy once effective would remain valid for the next five years unless suspended or modified by other government policy and will be monitored by the government annually to evaluate actual results against the policy objectives and added targets.

Tamil Nadu has one of the highest installed solar capacities in the country. In 2017 the state had solar installations with a cumulative capacity of 1,720 MW and has over 2000 MW of solar projects lined up for the calendar year 2018. Above this, the vision of the policy to create a sustainable future with solar energy clearly testifies Tamil Nadu’s determination to become a leader in solar energy.  The policy has laid needed emphasis on the need to create education about the benefits of solar energy. It also takes into account the easy transformation process for consumers and ease of doing business for businesses along with transparency in the processes.

If You Own a Business in Maharashtra, It’s Time For You to Go Solar in 2018

Varun Jha | 28th September 2018

Solar Power in Maharashtra

The shift to solar energy from conventional sources of energy is real. India alongside countries like Germany and the US are championing the cause. On more than one occasion we have written about how if you’re a homeowner in India, going solar makes complete sense. Whether you live in Pune, Delhi, Faridabad or Gurgaon, solar for residential owners is a great choice. However, what about the business-owners, how can a move to solar help small time and big time businesses alike? Let’s take for example the state of Maharashtra, which happens to be one of the sunniest states in the country, but also an industrial hub. What are the advantages for rooftop solar installers in the state? Here are 5 few reasons why you should Go Solar if you are a business owner in Maharashtra:

Save on your monthly power/electricity bills

Whether you own a small-scale business or a large-scale industry, power/electricity costs make up a large portion of your monthly expenses. Investing in Solar can reduce your electricity bills by a huge margin. If that statement is hard to believe below is sample case-study of one our clients in the printing industry, situated in Gurugram, Haryana:

MYSUN Case Study

As you can see, investing in Solar proved to be a very wise decision for the business owner, as they’re saving up to 68% on their monthly electricity bills with salary. If you want a fair idea about how much business you can stand to save, please visit the MYSUN Solar Calculator page and enter your commercial or industrial bill amount, and generate your personalized solar savings report. Saving on monthly expenses can have a massive impact on your bottom-line in the long-run and in-turn benefit profitability of the company, and after all, that is what counts, right?

It’s not just energy, it’s an investment

Solar energy shouldn’t be seen as an expense, as it is one of the smartest ways to invest, with returns not just rivaling but also outperforming traditional investments such as stocks and bonds. Add to it that the investment is not market linked and safe, and you have a clear winner. Businesses can benefit a great deal from investing in solar as it will reduce operational costs, result in a good return on investment and eventually lead to a positive impact on business. Not to forget that you stand to gain AD benefits when you go solar for your industry. India itself has seen a surge in solar investments from industries across states such as Delhi NCR, Haryana, Rajasthan and especially Maharashtra.

Low-maintenance and Reliability

A solar system requires little but timely maintenance and unlike traditional thermal powered electricity, is a reliable and sustainable source of continuous energy. Of course, the sun is going to rise tomorrow so as long as your system is optimally maintained, rooftop solar installers have little to worry about. That means you are likely to experience far few power outages and malfunctions every month. To ensure that reliability and maintenance are taken care of, MYSUN offers its customers a 25-year promise of assured and continuous energy generation, regular system maintenance and most important of all convenience and peace of mind. You can contact our customer advisor to know more about MYSUN Assured™ by clicking here .

Boost Employee Morale

It is true that employees are the single biggest asset to an organization. They no longer see working for organizations as just a job, they are all seeking to be part of something vital and meaningful and that is why are willing to invest a lot of themselves into a company. Rising temperatures, unpredictable weather conditions, and pollution scares are now more than ever impacting day to day life. Hence, employees just like consumers, have a greater appreciation for companies acting and operating responsibly. And having happy and committed employees can only lead to better business results.

Stay Ahead of the Curve

Apple, Amazon, and Microsoft, to name a few, are just some of the many top global organizations that already run on renewable sources of energy, and are reaping its financial benefits. This trend has already begun influencing leading Indian companies to go solar and states like Maharashtra and Rajasthan are at the forefront of this change. As more and more companies in the Indian SME/MSME ecosystem look towards the advantages of investing in solar, it’s only smart for business owners to stay ahead of the competition and act now.

Read more about the top things to consider before going solar and the Maharashtra Solar Policy. So get going, give us a call on +91-8448380218 and ask for our Solar Advisor to help you start your solar journey today.

Interesting Ways the World is Using Solar – Solar Paints

Nikhil Gupta | 17th September 2018

Interesting Ways the World is Using Solar – Solar Paints

If you have been following our blog, our Interesting ways the world is using solar is a series where we feature the most innovative solar applications. We have featured boats, robots, roads in the past and this time we are back with solar paints. Yes, you read that right. It is now possible that without even installing a solar panel that you can enjoy solar benefits. This magic is performed by solar paint.

What is Solar Paint? The Royal Melbourne Institute of Technology, Australia, has developed a solar paint that can generate power for your house/office. As per the researchers of the institute, the solar paint will generate power from the radiation from the sun and water vapor present in the air. While this technology is, of course, nascent, it is great to see more avenues open for utilization of the abundant solar energy.

But, you must be wondering how solar paint works exactly? The compound of the solar paint carries a chemical compound called synthetic molybdenum-sulphide. When this compound meets titanium oxide, a commonly used material in wall paints, it transforms normal wall paint into sunlight-absorbing machinery which then acts as a semiconductor and splits the water molecules present in the air into Hydrogen and Oxygen. This hydrogen extracted from the air is then used as a fuel to generate power.

This Solar Paint Technology when available in the open market would create all new possibility of harnessing solar energy.  By just applying paint we will be able to turn any physical surface into an energy harvesting facility. This opens up a whole new avenue for solar applications such as Solar Paint for houses. Going ahead this may very well be applied to electric cars as well as a source of power for them.

However, a few questions about the feasibility of the solar paint remain unanswered. Like what will be the price of this paint. Response to rooftop solar installers has already been hesitant because of high prices. Now with reducing prices over a few years and innovative business models coming in, some traction in the market is finally building.

Apart from price, durability, energy generation capacity and its applicability on the rooftops and otherwise remain a curious concern and it will be interesting to find out how the paint adopts to them. Due to this, widespread adoption of Solar paint in India seems a possibility in the long run.

For now, all we can say is solar is rapidly revolutionizing the way we consume electricity and innovations like solar paints, solar clothes, solar bicycles, solar rooftop tiles, solar roadways, solar-powered boats and solar tuk-tuk are a peek into the future of energy consumption and a testimony of its positive adoption.

Pune Homeowners – Go Solar with MYSUN and Save Huge on your Electricity Bills

Varun Jha | 27th March 2018

Maharashtra has one of the highest electricity tariffs in India for residential consumers. It is a well-known fact that urban city consumer, along with the industries and commercial establishments, contribute to the state government subsidy of electricity for farmers. With little respite from the populist measures of subsidizing electricity costs for the rural consumers, high transmission and distribution losses and an ever-increasing cost of electricity from sources like coal and gas, we will continue to have our electricity tariffs going up by 4~5% every year for several years to come. This means that the approximate Rs 7/unit tariff will go up to more than Rs 30/unit in the next 25 years. That definitely does not bode very well.

The only way to tackle this problem of rising electricity tariffs is by producing your own power. The only viable solution is to Go solar and that too in a highly economical and reliable manner. This is where your vacant rooftop comes to your rescue. MYSUN is providing the installation of solar panels in Pune. If you have an unused rooftop, today, every homeowner can save lacs of rupees by installing a rooftop solar power system. And in the process, also make a huge contribution to the environment and to their children’s future. Would it not be awesome to take a decision today and make a difference for the next 25 years?

Look at the illustration below, derived from the MYSUN Solar Calculator. The installation of a rooftop solar system in Pune has helped a lot of people save money. Mr Pant lives in Wakad in Pune and pays Rs 8000 per month electricity bill. By installing a solar system of 6kW, his monthly electricity bill reduces by approx 98% to Rs 165 per month, which is the fixed meter cost. And with a solar system life of 25 years, he ends up saving Rs 26.7 Lakh overall with 35.7% Return on Investment.

 

As you can see from the illustration above that there is a lot of merit in going solar. Pune is a city that receives an abundance of sunlight and the Solar Policy of Maharashtra is one that encourages all residents to make the move to the sunny side. Therefore, there is definitely no better time to Go Solar than now. In the case above, Net Metering has been switched on since the state allows it. In case you are wondering what is Net Metering, it is a process where all the extra units that you generate from your solar system that go unused, are sent back to the main grid and adjusted monthly against your consumption from the grid. Going solar will not just be a great financial investment because the biggest benefit of all is that you will be making a difference and a positive environmental impact by moving to greener and cleaner source of energy. MYSUN can help you become an adopter of Solar Energy in Pune.

So, if you are living in Pune or areas close by, going Solar Pune for your home, Industries or even a Commercial establishment with one of India's finest Solar Companies in Pune makes a lot of financial sense. MYSUN is amongst the top Solar Energy Companies in Pune generating green energy. You can get in touch with us using our phone number +91 98731 67009 to get a free consultation with our Solar Advisors, who will explain you the case of going solar in greater details. For anything more, you can also e-mail us at [email protected].

India takes the first steps towards a sustainable Solar future at the Inaugural ISA Summit

Varun Jha | 13th March 2018

India takes the first steps towards a sustainable Solar future at the Inaugural ISA Summit

The ISA (International Solar Alliance) is a treaty-based coalition of 121 solar resource-rich countries, which are located between the Tropic of Cancer and the Tropic of Capricorn, created to address their special energy needs and to provide a platform to collaborate on addressing the identified gaps through a common, agreed approach.

March 11, 2018 saw the inaugural ISA summit hosted in New Delhi, where India along with 23 other nations took a major step towards increased efforts in adopting Solar energy as the primary renewable energy source in the years to come. The effort is aimed towards providing affordable, secure and clean energy in power deficit countries, and to battle the impending climate change that is going to negatively affect a significant number of nations.

Prime Minister Narendra Modi has set a target of achieving 100 GW (gigawatt) of solar power by 2022, out of the total 175 GW the country plans to produce from renewable sources. India has already achieved 20 GW of installed Solar Power 4 years ahead of the deadline. As per the Delhi Solar Agenda that was released after the summit was over, the ISA will facilitate “affordable finance, access to appropriate, clean and environment-friendly technology and undertake capacity building, including forging mutually beneficial partnerships with reputable international institutions and reputable financial institutions for the benefit of developing countries.”

Prime Minister Narendra Modi also added “First and foremost, we have to ensure that better and affordable solar technology  is available to all and accessible to everyone. We need to increase the proportion of solar power in our energy mix,”.

President Emmanuel Macron, who is visiting India for the Summit, highlighted that to generate 1 TW (terawatt) of solar power by 2030, as envisaged under the ISA, a funding corpus of $1 trillion will be required. Macron also stated that the French Development Agency will allocate €700 million in additional spending to its commitment to solar energy by 2022, taking the total commitment to €1 billion.

In addition to India and France’s Solar efforts, the head of the states from 23 nations hailed their efforts towards providing them a common platform to work towards achieving the ambitious targets for clean energy. Leaders from Africa and the Pacific region hope to produce solar rooftop panels  at rates cheaper than those Made in China.

The President of Seychelles Danny Antoine said the nation has planned to have 100 percent renewable energy by 2050 despite the fact that it is an island nation, while President of Niger Issoufou Mahamadou said that Niger is one of the first countries to sign the ISA agreement because no development is possible without access to electricity.

All in all, the inaugural ISA summit proved to be a success and a step in the right direction towards creating awareness and nation-wide adoption of Solar Energy in the near future.

Source: Economic Times