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Government Subsidies For Solar Panels In Domestic Homes

What is Solar? The light energy gained from the sun and turning it into electricity for your home or business. Solar energy is considered as a most plentiful energy resource on Earth. These energy is a key solution in combating the current climate crisis and reducing our dependence on fossil fuels.

To understand how we get solar energy from sun, you have to read the below mentioned article to get clarified. From the naked eyes the solar panels look so simple; you might think how something so thin can converts the sunlight to energy. To find out, let’s dig into the products that make up a solar panel.

Government Subsidies For Solar Panels In Domestic Homes

Solar Panel

Solar panels are known as modules that contain photovoltaic cells made from silicon which transform incoming sunlight into electricity rather than heat.  The offered Solar Panels are made of several layers of material. The top layer of glass protects the individual smaller units called solar cells and these cells are made of two layer of semiconductor silicon. Silicon collects electrons and lets them to move around through a positive and negative charge and each solar cell present is interconnected to form the solar panel. As you know that the amount of sunlight that strikes the earth’s surface in an hour and a half is enough to handle the entire world’s energy consumption for a full year. The offered solar panel converts the sunlight into electrical energy either through photovoltaic panels or through mirrors that concentrate solar radiation. This energy can be used to generate electricity or be stored in batteries or thermal storage.

What is known as Government subsidies for solar panels?

The solar energy which we get is free and clean energy that reduces the dependency of natural resources, such as water and coal. Government wants to install solar power in each houses through which each home’s roof will produce self-energy. If you install the solar panel at home you will get the help from the government through which each and every home’s who have installed can produce the self-energy with the help of solar panel. Government subsidies for solar panels means government will support financially to install solar power in residential houses. This will encourage the people to exploit renewable energy and reduce their electricity bill. The cost of installation of the solar panel at rooftop of the houses is high and expensive and in long run it is inexpensive when compared to electric generators. Once the rooftop PV system is installed, they don’t need any other expenses as they use solar energy instead of fossil fuels.

Further in government subsidy scheme, 30% to 90% benchmark cost of your solar system will be paid to customer by government. Government provides subsidy on grid solar system, hybrid solar system and solar water pump. 

Who can get the Subsidy on Solar?

  • Domestic: All residential home owners are eligible to get govt. subsidy.
  • Social Sector: All the registered societies, multi-store apartments, cooperative group housing societies are eligible for subsidy on solar system.
  • Institutional: All schools, colleges, institutes are eligible for subsidy.
  • Non-Profit Organizations: All the non-profit organizations including old age homes, orphanage etc is eligible.