Sunday, June 14, 2009

Roof Top Solar PhotoVoltaic(SPV) Systems - Financial Assistance

Ministry of New and Renewable Energy has announced a Special Scheme aiming to reduce the diesel fuel consumption.
Under the scheme come all various commercial institutions like Hotels, Nursing Homes, Govt Buildings, Shopping Malls, Hospitals, Industry & Housing Complexes facing power shortage.

Govt will provide financial assistance to install the SPV systems in these institutions. The Financial Asst. will be between 30 - 40 % of project cost for profit making or non-profit making organisation respectively.

This scheme is for plants generating 25-100 kWp power from SPV module. If there is plant with lesser capacity that can be also considered on case by case basis.

If such a plant is institutionalised then it can start saving after 5-6 yrs of installation. The life of such systems is around 25-30 years.

in my view people should go for this without fail, as this is a good opportunity extended from govt.

more can be read at Ministry web site: www.mnre.gov.in