New Delhi, India Funding Photovoltaic Solar Projects

India Funding Photovoltaic Solar Projects

New Delhi based NDPL wants to put photovoltaic solar panels on residential rooftops. NDPL wants to generate 100 MW of renewable solar electricity. The issue is the cost and cost recovery period. Currently, no rebates are available, so it takes 20-25 years for the photovoltaic solar panels to pay for themselves (without considering rising energy costs).

NDPL wants to the federal government to pay for 40-50% of the solar installation, bringing the costs repaying-period down to 10-12 years.

Currently, the government cannot afford to loan the amount of money required, leaving out many homeowners, but sufficient individuals stepped forward to purchase photovoltaics. NDPL is working on creating the infrastructure required to support the solar installations. This process can take up to 1-2 years.

Currently, NDPL has two photovoltaic plants, 4 kW in its office and a 15 kW system at the solar training center. It is hoping to install more photovoltaic to meet increasing electricity demands.
India Funding Photovoltaic Solar Projects

Rich Hessler
Solar Training

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