With the growing interest of the government and businesses in solar energy, India has become a hotbed for the solar panel energy market. This has also resulted in a growth in opportunities to earn money and generate employment.
But how exactly can you earn money from solar energy in India? In this article, we take a look at how!
How can you earn money from Solar Panel Energy in India?
1. How can you earn money from Solar
Panel Energy in India?
With the growing interest of the government and businesses in solar
energy, India has become a hotbed for the solar panel energy market.
This has also resulted in a growth in opportunities to earn money and
generate employment.
But how exactly can you earn money from solar energy in India? In this
article, we take a look at how!
2. Earning Money from Solar Panel Energy in India
To make the solar panel installation process easier on people, banks
and the government both are providing loans and various schemes. It
is important to note that you can only trade electricity from your home
solar plant to up to 500KW. Below we understand how we can make
money by generating and selling electricity through solar power.
Obtain a license: In order to install a solar panel plant, you first need to
get an approval license from the local electricity authority. After you
sign the power purchase agreement with them, an investment of
around 60k to 80k has to be made to set up the solar plant. State
governments and banks also run special offers and schemes to
enable the instalment of solar plants, making it easier for you to make
the investment.
There is some legal work required to get the permits required for your
solar power plant, especially if it is a large scale power plant. Choose
an eligible solar contractor, and they will help you with all the
approvals.
EXPLORE – STERLING & WILSON SOLAR
3. Solar panel installation on roofs: You do not need to have a separate
space for the installation of solar panels. It is as simple as installing
the solar plant on the roof of your house. Before you start selling
electricity generated by these solar panels, all you need to do is tie-up
with the electricity company in your area.
Availability of solar panels: At present, solar panels are available for
sale in Rajasthan, Madhya Pradesh, Punjab, and Chhattisgarh. You can
install a solar panel at your home and then sell the surplus power
generated to the state government. In return, you get paid! In Uttar
Pradesh, the government runs an incentive scheme on solar power.
If you’re wondering where to buy solar panels, you can contact REDA
or the Renewable Energy Development Authority of your state
government. Their offices are located all over the state. Apart from
this, you can also purchase solar panels from private dealers. You can
avail subsidies and loans for the same from banks or state
governments.
About Sterling & Wilson Solar –
Sterling and Wilson Solar offers a complete range of Solar EPC
solutions for utility-scale, solar rooftop, and floating solar power
projects. SWSL solutions include design, engineering, procurement,
construction and project management and operations and
maintenance.
