The solar power business is a rapidly growing business in India which can give good money in return. There is no need to have separate space for installing a solar panel.
You can make electricity by installing a solar plant on the roof of your house itself. Moreover, you can also sell electricity by tying it up with electricity companies.
This article discusses how to sell solar energy to the government in India, India’s installed solar energy capacity, and its potential in India.
How to Sell Solar Energy to the Government in India?
There are numerous incentives to have rooftop solar systems. Since it is expensive to store electricity, solar plants are commonly connected to the grid, so the surplus/ or all the generated power is used to support the grid.
A metering device calculates your electricity consumption at home or office, and a bill is generated based on that. The same is the case with on-grid solar consumers with rooftop systems attached to the grid.
There are two ways of metering it: Net and Gross Metering.
Net metering is used when a rooftop system is set up for personal electricity consumption, with the surplus being exported to the grid. In such setups, excess power must be imported from the grid if the demand is more than what is generated.
A Bi-directional Net meter accounts for both imported and exported power in net metering. The meter records only the total amount of power exported to the grid or imported to the home.
Your monthly bill will be net units produced/consumed, and you get paid for when the production is more than what you consumed at a fixed rate by the government.
In gross metering, you do not directly use the power generated by your rooftop system. The power is exported to the grid through a separate circuit, and the power for your home comes from the grid.
There will be two meters each for two circuits: one for personal consumption and the other for production.
Your billing for consumption remains the same as usual, and you get paid separately for the electricity you produce.
Cost of solar panel:
The average cost of 1kW solar panels is around Rs. 40,000.
Solar Energy Potential in India
India has a vast solar energy potential. India’s geographical surface receives around 5,000 trillion kWh of incident energy annually, with most areas receiving 4–7 kWh per square meter daily.
A 748 GW estimated solar potential for the nation by the National Institute of Solar Energy is based on the assumption that solar PV modules will cover 3% of the country’s wasteland area.
India has set an ambitious aim to produce 175 GW of renewable energy before 2022 ends, which shall increase to 500 GW by 2030 as part of its national planned targets. The largest expansion strategy for renewable energy as of now.
Solar energy facts in India are pretty impressive. India was the third-largest market globally and the second-largest market in Asia for new solar PV capacity (13 GW of additions in 2021). In terms of overall installations came in at number four (60.4 GW), passing Germany (59.2 GW) for the first time.
Overall, installing a solar panel is worth it as it provides good monetary benefits. At the same time, you also contribute to green energy.
If you are planning to install a solar panel in the near future, get in touch with us to get an all-in-one solution for your solar installation.