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FINANCIAL & ECONOMIC
BENEFITS
THE SOLAR EDGE
Savings and Incentives
Water heating is considered
one of the principal causes of high energy
costs and GHG emissions. To remedy this
situation and promote efficient usage of
non-conventional energy, the Indian government
and various state & local governments
have announced a bunch of incentives and
rebates including those for solar water
heater installations. When this fact is
viewed in the light of the hard cash savings
off energy bills, escalating energy prices,
and the fact that a |
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solar water heater will
more than pay for itself over its life unlike
any water heater , the need
to turn solar becomes just imperative. It
must be remembered here that all the savings
will accrue directly to the for
their own use, once the initial investment
is recovered,
Apart from major financial benefits, usage
of solar water heaters entails very many
social and environm effectively.
ental benefits, and Nuetech
enables its customers to realize all these
wonderful benefits comfortably and |
Financial Benefits
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At least 40% savings
in electricity bills & other energy
(gas, firewood, coal…) costs |
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Rebate on domestic
usage bills from a number of state electricity
boards, including Karnataka, Rajasthan,
Uttaranchal and West Bengal –
Other rebates in certain other places,
including Delhi and Thane |
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Soft loans from a number
of IREDA intermediary financial institutions:
2% interest for domestic and 3 % to
5 % interest for institutional and commercial
users, payable in 60 EMIs, each EMI
being almost equal to the monthly electricity
bill savings |
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Capital subsidy of
1500 rupees per collector for commercial
installations |
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One-time investment
and average payback within 36 months
(depending on power tariff and extent
of usage) by way of rebate on electricity
bills and savings in electricity usage.
(A 3-member family using a 200-LPD solar
water heater will earn back its investment
in 3 years @ 6000 rupees every year) |
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Sizeable depreciation
in the very first year for industrial
installations |
Click here for Payback Calculator
Non-financial Benefits
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Ready supply of hot
water in all weathers, including cloudy
and frosty days |
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Works on a locally
& readily available–and the
most powerful & most reliable--natural
form of renewable energy |
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No fuel or refill |
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Near-zero wear &
tear – Long & effective life
span |
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No operational skills
required -- Maintenance-free -- Absolutely
safe to use |
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No interference with
lifestyle |
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Important health benefits,
thanks to better environment |
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Opportunity to fulfil
a social and moral responsibility |
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