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!
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: 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 installment 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
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 your state government's Renewable Energy Development Authority. 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.
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