About Solar PV EPC
A solar photovoltaic (PV) system installed on a building’s rooftop serves as a powerful mini power plant, transforming abundant solar energy into electricity. This energy not only meets the property's power needs but can also contribute to the grid, creating a win-win situation. While the opportunity to install a solar rooftop system is available to everyone, the scale of the installation can differ significantly. Key factors influencing this decision include the available space, the property's overall electricity consumption and the owner’s readiness to invest in this sustainable and financially rewarding solution. Making the leap to solar energy can lead to substantial savings and a significant reduction in environmental impact.
Benefits of going Solar
Electricity Cost savings
Installing solar panels can significantly reduce electricity bills, potentially cutting them by 70–90%, as you can generate your own power and reduce reliance on the grid. While the initial investment is an upfront cost, the long-term savings are substantial, with the system often paying for itself in 3-5 years, after which you receive effectively free electricity for the remaining lifespan of the panels.
Energy Independence and Reliability
Energy independence and reliability are the goals of a nation producing enough of its own energy to meet demand without relying on foreign imports, while also ensuring the consistent and consistent delivery of power. Key strategies include investing in domestic, renewable sources like solar and wind, modernizing the grid with advanced technology and transitioning sectors like transportation to cleaner fuels like electricity and green hydrogen.
Low Maintenance and Long Lifespan
Solar rooftop systems have a long lifespan of 25–30 years and require minimal maintenance, which mainly involves periodic cleaning and occasional inspections. The panels are designed to be durable, but proper installation and regular cleaning are key to ensuring they perform efficiently and last for decades.
Government Incentives and Subsidies
Rs.30,000 per Kw and maximum subsidy is capped at Rs.78,000 for the RTSPV systems of 3Kw and above capacity.
Quick Payback
For many residential and commercial installations, the payback period for rooftop solar can be as quick as 3 to 6 years, with some commercial setups seeing a return in as little as 2.5 years. The exact time frame depends on several factors, but strategic planning can significantly accelerate the return on your investment.
Scalable Design
Rooftop Solar PV systems are modular and scalable in nature and can be integrated with necessary automation software and advanced components at any given point of time. This flexibility allows us to expand & upgrade the existing systems to meet the newer energy demands seamlessly.
Tax benefit for businesses
Businesses can get tax benefits for solar rooftops through accelerated depreciation (up to 40% in the first year), GST input credit, and potential tax holidays under Section 80-IA for large projects. These incentives reduce taxable income and the initial investment, leading to faster returns.
*RTS Project Loan Up to 100% & with 0% Interest Rate
Most of the Banks and NBFCs are offering collateral free RTS PV System project loans at attractive interest rates thus making it easier for residential and business owners to adopt green and sustainable energy for their respective needs.
*Terms & conditions apply
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