What are the government initiatives for Solar Power?

As per the recent report by EY, India has been placed at the third position after United States and China in the 'Renewable Energy Country Attractiveness Index'. The milestone achieved is mainly due to the strong focus of the Indian government over non renewable energy facilitated by the timely implementation of renewable energy projects. In India, solar energy is being harnessed at a quick pace and the growing number of solar energy companies all across the country is a true testimony to it. 
 
Let us check-out what are the government initiatives to encourage solar market in India :

Release of Funds  :  The centre has released Rs. 1,931 crore till January end this financial year under its solar programme to boost use of renewable source of power. The centre has released the following funds. Take a look:
 
Rs 568.64 crore in 2012-13 
Rs 636.20 crore in 2013-14 
Rs. 1111.28 crore in 2014-15

Excise Duty Exemption  :  Government has come up with concession on customs and excise duty exemption on raw material required for manufacturing solar energy equipment. It also offers capital subsidy for setting up of manufacturing units for solar cells and modules.

Target to be achieved - The new government has scaled up renewable energy targets and since then have been working strenuously towards it. The government has set the target of adding 100GW of solar power by 2022, which will include 40,000 MW from the rooftop solar.

Growing Solar Companies in India  :  There are generally two types of solar players in the Indian market. The one who are breaking the initial risk to create an asset. Once, the assets are created, the companies turn them into long time assets and bid for more assets. The other type of players are the long term asset owners, who are willing to invest huge amount money at a low rate of return. Recently, World Bank has approved USD 625 million loan to support the centres programme to generate electricity from rooftop solar plants. This clearly depicts that solar power in India has a long way to go.
 
The massive potential of the solar industry in India has opened numerous solar companies all over the country. If we talk about the present scenario, Delhi has become the breeding ground for solar energy companies. There are more than a dozen solar companies in Delhi. One such company which has shown a remarkable growth within just few years is Rays Power Infra Pvt. Ltd. (RPIPL). It is one of the leading solar EPC companies in the country which offers Consulting, Engineering, Contracting & Commissioning services. The company has thorough experience and expertise in the development of solar power plants across the country.
 
Going by the present development and projections, it will be good to say that the solar market has bright future prospects and is certain to climb higher in times to come.

Common Mistakes to Avoid While Installing Solar Parks in India

The depletion of fossil fuels at a faster rate and increased electricity bills has forced people to use natural energy resources.  More and more people in cities, as well as small towns, rely on sun's power lately to run their electrical appliances. Not only households but many corporate houses across the country are connecting to solar energy. This change in the society has given rise to many companies which are committed to helping people to leverage the power of the sun. 

Rays Power is one such firm that and enjoys the distinction of being one of the largest solar energy firms in the country. It has some brilliant minds from the industry that have developed have developed many solar parks in India with sheer dedication and extensive experience.

Harnessing sun's energy is a great way to satisfy the electrical needs of both home or work space. Besides, it is an eco-friendly arrangement and offers high financial returns. If you are planning to go solar, here are some of the common mistakes you must avoid that generally solar park investors in India commits: 

1. Choosing a system that is neither too small nor too big : The foremost step while installing a solar system is to analyze the power needs of your home or workplace. To determine the accurate size of the system, you must go through the previous patterns of power usage once. This will save you from choosing too big or too small system instead will get you one with perfect size. 

2. Hasty decisions while choosing a company : Many of you usually choose the installer based on price - which is a wrong practice. Instead, you must look for a company that has several years of experience in installing solar parks in India. Also, check for warranty and after-sale support offered by the solar companies in India. 

3.Ignoring the system after installation : A solar system does not demand much maintenance, but that doesn't mean you will neglect it completely.  You must take certain measures to maintain the solar plant by preventing the dust build up and evaluating the average output at regular intervals are. By following these precautionary measures, you will enable solar parks in India efficiently run for a lifetime. 

4. Setting the wrong expectations : Needless to say, installing a solar system helps to save a considerable amount in the long run. However, if you are expecting to reduce your electricity bills to almost zero, then that is unrealistic. Besides, installation of solar parks in India comes with an upfront investment and must be considered while scrutinizing the cost savings from the project.