Real estate trends in India reflect the present scenario of property evaluation inside this nation and the various factors that govern them. If we follow the present trends, we get a clear picture of how specific utilities create a lasting impression in the minds of potential buyers. Rooftop Solar Solutions are soaring high among the new-generation amenities sought after, with the public demand for sustainable energy-saving options.
As we carry on with this blog, you can explore the new dimensions that rooftop solar solutions add to a house, contributing to the facilities the public looks for while investing in such properties.
Contributions of Rooftop Solar Installations in the Real Estate Framework in India
- Rising demand for sustainable energy in India
India is experiencing a growing demand for sustainable energy amidst rapidly declining conventional exhaustible energy resources that need to catch up with the rising demand of the upward population graph. As per a report by NITI Aayog, the country’s energy requirements are expected to grow at 5.6-6.4 % per annum, and India’s clean energy transformation could create a multi-trillion-dollar opportunity. Citizens realise the prospects and indispensability of renewable energies and opt for alternative sustainable energy sources, predominantly Solar Energy, for their homes, fields, factories and transports.
- Rooftop Solar Solutions capable of enhancing property value
Buildings that come with Rooftop Solar facilities are proven to have an added market appeal to eco-conscious buyers. Urban people are becoming increasingly environmentally conscious and show a selective preference for those who boast of energy sustainability. With the advantages of energy independence and reduced carbon footprint, people nowadays do not hesitate to splurge on buying homes in ‘green-buildings’, considering them a long-term investment.
- Improved energy efficiency and green building certifications
Solar installations have a far-fetched positive impact on national energy efficiency ratings. The presence of Solar Installations in residential and commercial buildings escalates the possibility of getting building sustainability certificates like IGBC green building certificates, LEED India construction certifications, GRIHA ratings, ECBC compliance or the BEE credentials administered.
- Financial incentives and government policies
The Indian government is developing several lucrative payback policies as incentives for installing renewable solar energy panels in buildings. The Central Financial Assistance (CFA) can be as high as 40% for capacities up to 3kW with provision for added state-level subsidies. IT exemption on selling solar-generated power and accelerated depreciation serve primary green building goals. Net metering policies, Renewable Purchase Obligations, and interest Loans make solar-powered buildings the most sought-after in the real estate domain of India.
- Energy cost savings and Return on Investment
Rooftop solar panels can significantly reduce electricity costs, lowering monthly utility expenses and driving up the desirability quotient of a building. The average household in India with a 5 kW system might save around ₹50,000 to ₹75,000 per year on electricity bills, depending on the tariff and consumption. The ROI on solar panels in India is widely calculated to be approximately 500% over the system’s lifespan, with payback periods typically between 5 and 7 years.
- Solar Energy as a future-proof investment
As solar energy becomes more mainstream, properties equipped with solar panels are considered future-proof. By providing cost savings, enhancing sustainability, and future-proofing the property, rooftop solar installations in India offer immediate benefits and increase the property’s long-term value, making it a wise investment for homeowners.
- Impact of Rooftop Solar Solutions on residential and commercial properties
Properties with rooftop solar installations align with building standards, contributing to a reduction in carbon footprint. With rising energy prices, a solar-powered home offers long-term financial benefits, which can increase the property’s overall market value. Solar solutions can be integrated with smart home technologies, offering greater control and monitoring, further enhancing the property’s attractiveness to tech-savvy buyers.
Nimbus Solar is emerging as a key player in Indian Property Market Transformation
Nimbus Solar Solutions enables architects and buyers to unlock dependable solar solutions for buildings, making them more credible for residential or commercial purchases. Our world-class solar solutions with reasonable installation costs, lower maintenance charges, high energy efficiency, sturdy payback, and ROI value boost property marketability and attractiveness, elevating the resale value and engaging eco-conscious buyers.
For further information, explore www.nimbussolar.in
