The COVID-19 crisis has disrupted almost everything that you can think about. And as a result, we have been forced to adapt to several new ‘normals’ in almost every walk of our lives. One such thing that this pandemic has affected the most is the way we work. Be it a student, an office goer or a businessman, the lockdowns have forced all of us to stay back at home and continue our work online. And while we aren’t complaining because we know that this is for our own good, we need to make sure that we are well prepared to adapt to this new normal. And that’s what brings us to the topic of the necessity of investing in solar energy.
Let’s read on to find out how the pandemic has made it important for businesses and homes to invest in solar energy.
Uninterrupted power supply – A Must for Every Home
Since most of us are now working from home, the importance of an uninterrupted power supply has become even more critical. Imagine, you are in the middle of an important online meeting, and suddenly there’s a power cut. What if you don’t have a power back up. In fact, investing in a solar power system becomes even more important when someone lives in an area where there are long and frequent power cuts and even a double battery inverter is unable to cater to their power requirement. In scenarios like these, a solar power system is a great alternative for your local grid. Investing in a solar power system not just helps us to continue our work seamlessly, but it also protects us from data loss (a common concern among people who work on home PCs that have no power backup).
Related Read: How to protect your business as an entrepreneur.
Need for low-cost energy with increase in power consumption
Now that you would be spending most of your time at home, your power consumption is going to increase drastically. And therefore, it is important for you to invest in a solar power system that helps you generate free power. The initial investment may seem big, but the good thing is that the sum total of the amount you save by not having to pay those hefty monthly electricity bills (during the lifetime of a solar power system) is far more than the initial amount spent on installing a solar power system.
And that’s not all, a solar power system also protects you against the frequent hikes in electricity rates. So, if you have been worried about the rising power rates, you must switch to solar power as soon as possible.
Favorable government subsidies and incentives for going solar
Governments across the globe have been promoting renewable sources of energy, and the Indian government is no exception to this. The Indian government is targeting 40,000 MW of Rooftop Solar Capacity by the end of 2022. And to achieve this ambitious goal of theirs, the Indian Ministry of New and Renewable Energy (MNRE) has introduced several Central Financial Assistance (CFA) schemes.
The government is providing the following Central Financial Assistance (CFA)* to the Residential sector.
- 40% CFA for capacity up to 3 kWp
- 20% CFA for capacity ranging between 3 kWp to 10 kWp
- 20% CFA for GHS/RWA capacity up to 500 kWp (limited to 10 kWp per house and total upto 500 kWp)
If you want to avail this scheme, you need to approach the DISCOM (Power Distributing company) in your area for the CFA.
Ready to take the plunge?
If you too have been working from home during the pandemic or have kids at home who attend online classes, then investing in a solar power system will be one of the best decisions you will ever make. And if you have already made up your mind and don’t know where to start, it is advisable that you check out Luminous India’s website. You can also seek help in finding the right solar power system based on your power consumption need.