Rooftop solar panels become a hit among Mansa residents
MANSA: Rooftop solar panels are becoming a hit among Mansa residents due to their less cost of maintenance. Besides, after paying 15 per cent margin money, anyone can get free electricity for next 25 year.
Rooftop solar panels are becoming a hit among Mansa residents due to their less cost of maintenance. Besides, after paying 15 per cent margin money, anyone can get free electricity for next 25 year. The remaining amount will be paid through easy installments.
The state government is installing these panels on subsidy rates and easy installments.
Punjab Cooperation Minister Sukhjinder Singh Randhawa has recently launched Cooperative Green Energy Loan Scheme (SeGEL) in all 800 branches of Central Cooperative Banks of the state on August 15. In Mansa district, a large number of people have shown their interest to install these panels on rooftops.
Harvinder Singh Dhillon, Managing Director (MD), Central Cooperative Banks, said that 5-KW rooftop solar panels cost Rs3.25 lakh and of it, Rs87,000 would be given as subsidy by the government.
He said after paying 15 per cent margin money of the total amount, which makes Rs48,750, the remaining amount would be paid through 60 easy installments.
He said, “A 5-KW solar panel produces 20 units per day and 600 units per month. Thus, the panel will generate electricity worth Rs5,100 per month as per the current electricity tariff of Rs8.50 per unit, whereas the installments will be of Rs4,300 per month. In this way, during the installment period, the electricity amount would be at par with the installment amount, whereas after the completion of installments, power generation will be free for the next 20 years.”
“Anyone wishing to set up a solar panel under the SeGEL, he or she will have to select empanelled vendors from the website of the Punjab Energy Development Agency (PEDA). Thereafter, he or she will have to apply online for approval of PSPCL. The PEDA will send its consent of the plant to his email or mobile number. After that, the central cooperative bank concerned will accept the loan of the eligible person,” Dhillon added.
The MC said any person, organisation, institution or society could produce electricity by installing solar panels on rooftop.
Source: The Tribune