Net metering is a metering mechanism wherein the net electricity exported to the grid is measured. This import and export of energy is measured with a bi-directional meter. It is an electricity policy that has been introduced to accelerate investment in solar.
Net meter reading = (total electricity generated) – (total electricity consumed)
Why net metering?
Simply put, […]
Capital subsidy is a financial incentive available on the total project cost of solar farms. Depending on the country, type of solar plant and the project size, a certain percentage of the capital investment is written off. Therefore it simply reduces the upfront cost of installing a solar farm.
Apart from capital subsidies, the other financial […]
Numerous financial incentives have been introduced in order to ease the adoption of solar energy and help it achieve grid parity. These include federal and state tax credits, capital subsidies, feed-in-tariffs, green certificates etc.
Green Certificates (Renewable Energy Credits/ Renewable Energy Certificates (RECs)) are awarded as a proof that a certain amount of electricity is produced […]
Why are financial incentives important in the context of solar?
The realization of climate change and depletion of fossil fuels has emphasized the adoption of renewable energy sources like solar energy. But the fact remains that solar energy has not yet reached grid parity in most places. In order to help businesses and home owners economically […]
Cost of solar power
There is no one cost for solar power. The actual cost depends on a number of factors – region, technology used, scale, whether it is rooftop or ground mounted, and more. As a result, as of Sep 2015, the solar cost per KWh without subsidies could vary between 5 cents/kWh to 15 […]
About Depreciation
In the context of solar power investments, you would have frequently come across the term Accelerated Depreciation. It would have been usually mentioned in the context of financial incentives. What exactly is Accelerated Depreciation, and how does it benefit those investing in solar?
In order to explain accelerated depreciation, let us first understand what depreciation […]
While solar power is fast approaching what is called “grid parity” in some regions of the world – a situation where the cost of unsubsidized solar power is less than or equal to the cost of grid power – solar power still costs more than grid power for substantial parts of the world. This is […]
Sweet Answer from Solar Mango: (updated Jul 2015)
India has currently (Jul 2015) a cumulative installed base of about 400 MW in rooftop solar. The NDA government wishes to scale rooftop solar to 40,000 MW by 2022.
A 100-FOLD increase in 7 years. A tall order, by any standards, and for any part of the world.
Is such a stunningly […]
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