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SolarSelect โ€“ Benefits for Housing Societies

Solar Energy Benefits for Housing Societies

A Comprehensive Guide for Committee Members & Decision Makers

Explore Benefits

Financial Benefits & Cost Savings

  • ๐Ÿ’ก
    Slash Electricity Bills: Save up to 80% on common-area electricity by powering lifts, pumps, and lighting with solar.
  • ๐Ÿ“ˆ
    Attractive ROI: Recover investment in 3โ€“5 years, then enjoy 20-40% annual returns over 25+ years.
  • ๐Ÿ”’
    Price Stability: Lock in near-zero electricity costs for 25โ€“30 years, shielding against tariff hikes.
  • ๐Ÿ’ฐ
    Lower Maintenance Charges: Redirect savings into reduced monthly charges for residents.

Environmental Impact & Sustainability

  • ๐ŸŒฑ
    Cut Carbon Footprint: Avoid 20โ€“80 tons of COโ‚‚ per year per 20kW systemโ€”no greenhouse gases in operation.
  • ๐Ÿ†
    Clean Energy Leadership: Showcase your society as an eco-friendly pioneer and inspire neighbors.
  • ๐Ÿƒ
    Better Air Quality: Reduce pollutants like SOโ‚‚ and NOโ‚“, leading to healthier living environments.

Property Value Enhancement

  • ๐Ÿก
    Increased Market Value: Homes sell for 4โ€“7% more; a typical society saves โ‚น5L/year, adding ~โ‚น1Cr in value.
  • โšก
    Enhanced Marketability: Solar-equipped societies attract eco-conscious buyers and command premium prices.

Energy Independence & Reliability

  • ๐Ÿ”‹
    Net-Metering Credits: Feed excess power back to grid, offsetting non-sun hours without battery investment.
  • ๐Ÿ’ก
    Backup Power: Optional battery storage keeps pumps, lights, and security running during outages.
  • โšก
    Grid Stability: Reduce peak-load demand, contributing to lower system-wide electricity costs.

Government Incentives & Financing

Central Subsidies

Up to โ‚น18,000/kW for rooftops; โ‚น90L max under PM Surya Ghar scheme.

Low-Interest Loans

Collateral-free loans @ ~7% interest; OPEX models available.

State Incentives

Additional rebates & net-metering policies in Maharashtra, Karnataka & Tamil Nadu.

Technical Advantages & Low Maintenance

  • ๐Ÿ›ก๏ธ
    Long-Term Warranties: 25-year performance, 10-25 year product warranties; 80-92% output retention.
  • ๐Ÿงน
    Minimal Maintenance: 1-2% of capex/year; annual cleaning, inspections, and optional service agreements.
  • ๐Ÿ”„
    Net Metering: Sell surplus energy back, only pay for net consumption.

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