Apartments and Gated communities have become major consumers of Energy

Energy bills are burning a hole into community savings. The cost of electricity from DISCOM has been gradually increasing at the rate of 3 to 5% every year.

The solution is Solar Power since net metering is the best bet to reduce energy bills and make significant long-term savings.

Why is it gaining Momentum now?

With several significant advantages, it’s easy to see why this particular model has become increasingly popular with corporates over the years:

☀️ It makes great financial sense

☀️ Costs of solar panels have reduced over the last 5 years

☀️ Cost of electricity has been increasing

☀️ Newer inverter technologies are available and are give long-term warranties

☀️ Some apartments have already done it and its working!

Economics
Getting the residents’ approval is an uphill battle. We understand!
It helps to look at it as an investment for the longer term.
Every association has a Corpus in the bank waiting for good investment options like solar power. With healthy discussions and quick decision timelines, the community can benefit from the smart use of money.

Why the Corpus?
Corpus yields at best 6% annually and is taxable. In comparison, investing in rooftop solar yields 14–18% annually, non-taxable. Also solar can be a safe and dependable investment in the long term.