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Why should you go solar?

The primary incentive for adopting solar power is to curtail monthly electricity expenses.

To illustrate, assuming a monthly bill of ₹4000, the annual cost amounts to a substantial ₹48,000. When projected, even without an annual escalation of 3- 10% over 25 years, the cumulative expenditure becomes an imposing ~₹12 lakhs.

This prospect might seem daunting, yet a viable remedy exists. A customized 5 kW solar system, priced around ₹2,50,000, aligns with your energy consumption. Additionally, the government extends a substantial subsidy of ₹51,058 for such a system.

Consequently: Would you opt to endure an electricity expense ranging more than ₹12 lakhs, or transition to solar for a nominal expenditure of around ₹2 lakhs, thereby emancipating yourself perpetual bills?

*All information provided including financial data (like pricing, return on investment), etc., is for the purpose of broad understanding and is not precise. Please consult your authorized financial advisor for financial advice. Fenice Energy does not intend to provide financial advise and undertakes no liability for the same.

Apart from that :

Energy Generation

Solar panels generate electricity during the day, powering your home’s appliances and lights. Using solar energy reduces grid reliance, cutting electricity consumption and costs.

Net Metering

Net metering exports extra solar energy to the grid, crediting you for surplus power. During cloudy days, grid electricity is used, and deducted from your credits. Pay only for the energy imported from the grid. Get paid for any surplus.

Avoid Utility Rates

Generate your own solar power to avoid rising electricity prices and reduce grid reliance, protecting yourself from future rate hikes. In FY 2023-24, the tariff in Tamil Nadu increased by 2.2%, and in Maharashtra by 2.9%.

Incentives

Depending on available grants, low-interest loans, and subsidies you can save a lot on upfront costs. Register on India’s MNRE portal for eligibility and direct subsidy credits to your bank account. Act now!

Key Tip!

Listen to one of our customers on why they chose to go solar. Mr. Vamishikrishna from Hyderabad decided to install 5.03kWp at his home. Check out his journey of going solar.

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