Saturday, 9 July 2011

Budget 2015 Solar City Scheme Gets Big Boost

Budget 2015 Solar City Scheme Gets Big Boost
CHANDIGARH: The Union budget proposal is bound to light up Chandigarh's dream of transforming itself into a model solar city at a quick pace. The reduction in tax rates on several important components that go into building solar power systems, including PV cells, will bring down the overall installation cost. This step, coupled with recently announced solar power buy back rates, will induce private individuals to adopt the system and recover the cost in a shorter span of time.

The Joint Electricity Regulatory Commission (JERC) had recently announced that private individuals will be paid Rs 9.43 per unit (kWhr) for putting back into the grid whatever solar-generated power they generate but don't consume. What's more, citizens can even avail 30% subsidy to reduce the cost of installing the PV panels atop their houses. They will still be able to get Rs 7.05 per unit from the city. Now, with the cost of installing the rooftop solar plant going down, it will make even more sense for all to move in this direction.

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Origin: clean-energy-technologies.blogspot.com