MSMEs use a lot of electricity. So you need to know how many there are in Punjab. Thus, it is to figure out how much business there could be for your Solar Panel Company in Punjab. Punjab has more than 1.6 lakh MSMEs.
Punjab has about the same climate as Haryana and about 230 to 300 warm days a year. Businesses can now use solar energy all year to make power.
Since 2012, Punjab has seen a steady rise in the number of solar energy installations. From 2010 to 2019, the total capacity of rooftop solar systems in the state grew. It is really by more than 100 times, from 0 MW to 136.4 MW. Given how expensive a solar system is, the rise in power shows how popular solar energy is with people.
Punjab is getting better at installing solar energy.
The state of Punjab in the north has 1118 MW of solar power built. Recently, RK Singh, the Union minister for new and renewable energy and power, said that over 6,034 million units (MU) of solar power were created in Punjab over the last four years, more than any other northern state.
Punjab has built the first 4.2 MW single-axis tracking east-west tilt solar power plant in the country. So, it is in the village of Lalpur and is driven by satellite technology.
When solar power plants with fixed buildings don’t follow the sun’s path, they make 8% less electricity during the day than when they use single-axis tracking east-west tilt technology. The Punjab government says that many Solar Panel Company in Punjab have already put more than Rs 1,300 crore into solar power projects and that work on another Rs 1,700 crore is underway.
Thus, people who live in homes and install grid-connected rooftop solar power systems can apply for Central Financial Assistance (CFA) through the government-run National Portal for Rooftop Solar.
Here are the terms of the reward:
- From 1 kW to 2 kW, it costs ₹30,000 per kW.
- To get 3kW, add 18,000 naira to the first 30,000 kW.
- ₹78,000 (fixed) for units that can handle more than 3kW.
Punjab lets solar developers have a chance.
So, some of Punjab’s major industries are textiles, metal and alloys, cycling and bike parts, food processing, tractors and auto parts, agricultural goods, sports goods, and light engineering goods.
Punjab’s Grant for Solar Panel Systems
Punjab offers subsidies for solar panels, which can help people lower the cost of installing solar panels on their homes and lower their energy bills. If your system is bigger than 5 kW, you can get Central Financial Assistance (CFA) or Solar Subsidy Support through the Rooftop Solar Programme Phase II plan. Only people who live in their own homes and housing groups will benefit from this plan.
Therefore, ow much does it cost in Punjab to get a 2 kW solar setup with grants? PSPCL will help pay for rooftop solar systems with a capacity of 1 kW to 10 kW or more linked grid. Thanks to their solar subsidy, people in Punjab should be able to get solar cells for less money.
Central Financial Assistance (CFA) will give a grant based on the size of the rooftop PV solar system. All system capacity pieces must have the same rate per kilowatt.
PSUs and other government agencies in Punjab are not eligible for solar funding. All private and institutional buildings can connect to CFA. Check out the table below to see how much of a rebate you can get for solar plants in Punjab.
Benefits of Punjab’s Solar Panel Subsidy
If you live in Punjab and want to save money on solar panels, you can put a system on your home.
There are no limits on how much sunshine people can get in most places. High-efficiency solar panels produce energy every day for 25 years. After that, they slowly lose power. It needs only solar energy to be set up once, but it provides cheap power for decades.
With solar energy, you may be able to drastically reduce or even eliminate your regular grid use. During the hours of the day with the most sunlight, your system produces more solar energy than your home needs each day. In exchange for solar credits, the extra energy is sent to the nearby grid. Over the life of the system, these savings can pay for themselves. And, in as little as 6 to 8 years, exceed the cost of solar panels for a home in Punjab.
How much a solar system costs in Punjab
What are the prices of solar panels in Punjab after the government gives them away? The safest way to know ahead of time how much solar will cost your home. It is to get a price from a reputable Solar Panel Company in Punjab. You can talk to the Solar Panel in Punjab about what RTS power will best meet your needs. And they will also tell you how much 1kW–10kW solar systems cost in Punjab. The prices may change depending on the technical. And financial features of your home and how much power you use each year.
