However, the high cost of solar energy in India has restrained people from adopting them. Keeping this issue in mind, we have devised the Power Purchase Agreement (PPA or Opex Model).

Characteristics of PPA:

PPA is a financial agreement that makes solar energy in India more accessible and economical. It awards several benefits to the user:

• The system will be installed at your home or workplace at zero investment cost.
• You only have to pay monthly for the solar units consumed at a predetermined unit rate.
• We care for everything, including system design, paperwork, permissions, and post-installation services.
• If your location provides net metering, you will get compensation for any extra electricity the system produces.
• Option of a buyout anytime as per pre-set clauses.

There are primarily 3 players in the complete implementation of the idea –

1.     The Consumer:

The benefits of solar power systems are not only personal but also environmental:

Personal advantages:

• Up to 30% of energy savings
• Your income won’t be affected by electricity price hikes
• Increase in property value

Environmental advantages:

• Reduces dependence on fossil fuels
• Decreases water usage to generate electricity
• Mitigates air pollution
• Helps slow down climate change

2.     The Investor:

• After approximately 3 to 4 years, the investor recovers the cost. The consecutive monthly payment, hereafter, by the customer is just profit.
• Benefits from the tax-saving policies provided by the government for using a renewable energy source.

3.     The Developers:

• The developers add to their business as they source the equipment for installation from the investor.
• Establishes a long-term relationship with the customer.
• Provides long-term revenue certainty.

Overall, the growth of solar energy in India with the help of PPA will enable you to reap the benefits of renewable energy without heavy investment. This will save you a lot not only on power but also on your electricity bills.

Nimbus Solar: A step towards sustainability!

People have realized that investing in solar energy in India not only protects the environment but effectively contributes to ROI.

As one of the reputed and long-standing players in the industry, Nimbus Solar Solutions has been an active contributor right from the stage of ideation to actual realization vis-a-vis the solar aspirations of its end consumers. It has played a significant role in the Solar Revolution in the country. As a brand that evokes trust, reliability and tremendous experience in the sector, the group is committed to delivering world-class services and products to its clientele.

Contact us here, and we will guide you with details for your solar setup and other PPA formalities.

What do domestic solar kits in India mean?

India has the largest population that does not have access to electricity or an interrupted power supply. The number is roughly 304 million, constituting 6% of the urban and 33% of the rural population.

What’s the cost of having no electricity?

Lack of electricity has enormous implications – families forego entrepreneurial endeavours, children cannot study after dark, and health and women are burdened with time-consuming chores such as pounding grain or hauling water, leaving them with less time to engage in income-generating activities. If organizations take the initiative through CSR to energize the household with electricity, it will undoubtedly affect the whole community. Energy will bring more income to the household and the scope of education, leading to higher productivity and development for individuals in the community.

The implementation part is straightforward.

The solar power will charge the battery through an inverter, which will power the household electric appliances. The system will power daily household equipment and irrigation system for a particular number of hours in the day and after sunset.

The system – 

Domestic solar kits in India are comprised of the following components –

• Solar source
• Inverter
• Battery
• Fan
• CFL bulbs
• Pump
• Storage tank
• A small drip irrigation system and
• A water filter

Power stored in the battery will pass through an inverter, and it will run a fan, CFL bulbs, and a pump. The pump will feed water into a storage tank from the nearby lake or groundwater. Water in the storage tank will be used for drip irrigation, drinking water, and other household chores.

What can be the impact of this project –

These kinds of projects broadly impact individuals, families, and the community. These projects encourage education, empower households, provide better earning opportunities, and have a healthy life.

To add to the impact list, here are some pointers –

1. Reliable access to energy will make their summers more comfortable; increase their productivity hours, thereby increasing the per capita income and standard of living.
2. Encourages sustainable development & food security and helps empower rural households by providing them means to indulge in backyard farming. The product can then be sold at the local market or used for self-consumption.
3. Women burdened with time-consuming chores are relieved, giving them a chance for better livelihood, income opportunities, self-sufficiency, and independence.
4. Solar run bulbs will replace kerosene, which produces toxic fumes and black carbon, and increase the risk of burns.
5. Providing a better study environment and opportunities for children improves school enrollment.
6. The system helps to reduce carbon footprint and wastage of water and enhance green technology.
7. The project will give the families fundamental rights for a better life, such as electricity and running water.
8. This project combines energy conservation, water management, agricultural revolution, educational impetus, and women empowerment.

Project Viability:-

Domestic solar kits in India will have a significant impact on the lives of the people. Each household’s system will give them a sense of belonging and contribute towards its up-keeping. The warranties and guarantees on the products will ensure that suppliers deal with any issue swiftly and efficiently.

After 5 years of supportive system service, the pump, battery, and inverter cost relatively less, and the households can buy this from sales of products and savings from alternate fuels. Every person in a household can do the maintenance and cleaning, and the panels need to be cleaned weekly.

Website: https://nimbussolar.in/