Solar Panel A Step Towards a Bright Future in Real Estate

In keeping with the worldwide trend, installation of solar panels on rooftops has become a standard feature in residential projects lately. Factors like use of renewable energy and reduced electricity costs are liable for this alteration within the state of mind of developers today.

Many residential projects across Indian cities have started making use of solar energy for electricity generation. Industry developers and experts believe that this may be a game changer for the important estate sector.

As technology keep on to evolve, solar panels are now being installed on rooftops in luxurious residential projects. This solar panel will help to reduce cost of power generated through traditional sources. Solar energy is useful not only in terms of economy and efficiency, but it'll also help check the rising pollution levels. The lower maintenance costs also are an enormous advantage.

“Solar power is that the way forward for clean energy which will help in effectively reducing the carbon footprint. The initial cost of putting in solar panels could also be higher, but the effective price becomes lower as compared to the normal diesel generators installed within the residential societies for backup. The newest policy of net-metering enables homeowners to recover major chunk of the investment costs by feeding the facility produced to the grid and earn for an equivalent.”

Solar electricity to power land

While only a couple of developers within the country have currently found out solar panels in residential projects, there are many others that are getting to imitate. Being a comparatively new technology, developers are assessing the feasibility of employing solar energy in residential projects.

Based out of Mumbai, Lodha Developers decide to use solar energy to get almost 10 per cent of the electricity for public spaces in their model city named Palava, Palava explains, “The scheme was started by Lodha Group in the year 2012 when solar energy was primary used for street lights in Lodha Palava City. Subsequently, in 2013, the likelihood of rooftop installation was explored. Solar panels were then installed within the 50,000 square foot roof of Lodha World School, located within the town. This helped to realize efficiency in terms of economy and lift social awareness.”

Per cost of solar energy is estimated to be around Rs 6.5. Talking about future plans in Palava, the developer intends to line up solar farms which will provide electricity for variety of facilities within the project.

Such initiatives in many projects are supported by the govt, paving way for this technology to maneuver forward. “The government has introduced variety of monetary structuring programs and tax benefits for promoting solar energy,” this is often encouraging for several realtors getting to employ the environment-friendly means of power.

State governments also are offering subsidies and special deals. Any excess power that a residential solar ray generates is often sold back to the government-operated electricity grid at good prices. As an example, if a solar array produces 7 units of power and therefore the residential unit requires 5 units, the surplus 2 units are often sold back to the grid.

Limitations and storage issues

The following limitations of the utilization of solar energy for residential projects:

“solar panel a step towards a bright future in real estate”

The key challenge is to possess the world of installation shadow-free for the whole lifetime of the solar ray. So, in future, if a taller building is made casting a shadow on the rooftop where solar panels are installed, it is often detrimental to the performance of the rooftop solar plant.

Another challenge is that the maintenance of the grid primarily due to great deal of dust.

Restricted building area and floor area ratio (FAR) are other worry as many developers change the terrace area into penthouses that add to higher revenues. The supply of roof also becomes a challenge in such cases.

Storage may be a key concern for developers getting to install solar panels. “Since India may be a country with about 300 clear sunny days, solar may be a feasible source of energy. If an honest storage technology is installed, it can cause complete energy independence,” Experts therefore believe that ways to store solar energy must be devised so as to form it a viable energy solution.

Use for individual homes

Many people doubt if solar rays are often installed for individual homes and units. In other words, can an individual install a solar array for his home if these aren't found out at the project level? Around 200 square foot of terrace space is required to get 2000 watts of electricity. For a private home, therefore, there are often constraints of space and high initial costs of installation. Thanks to this, solar array installations in individual residential units are often tricky. A buyer must evaluate his energy requirements supported the amount of electrical appliances that are utilized in the house

Find more residential projects which has solar panel used in them for your comfort at Ghar Junction.

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