Best Solar Panels In India

Solar Policy For Meghalaya

APPLICABLE POLICIES

NET METERING

Net metering is a billing system that allows rooftop owners having solar system installed at their rooftop to sell any excess electricity generated from solar system to local electricity utility

Capacity

  • Min 1 kWp
  • Max 1 MWp

Conditions:

  • Cumulative capacity of all solar systems installed in your area shall not exceed 15% of distribution transformer capacity in your area.

Ownership options

  • Self ownership (CAPEX model)
  • Third party ownership (RESCO model)

Billing Mechanism

  • Annual (April to March)
  • Any unadjusted electricity credits shall be paid as per the rates notified by the commission

Others

  • If the electricity generated exceeds 90% of the electricity consumed at the end of the settlement period, no payment shall be made by the distribution licensee and shall not be carried

SUBSIDY

  • Subsidy Applicable as per SECI guidelines.

LOAN AVAILABILITY

  • Loan for solar as a part of home loan/home improvement loan
  • Loan upto Rs. 10 lacs available for individuals under Priority sector lending

Meghalaya Solar Policy and it's Solar Highlights

Meghalaya is a state located in the Northeastern part of the country and shares boundary with Bangladesh. Shillong is the capital city of Meghalaya. With 70% forestation and very heavy rainfall that the region experiences, it is not surprising that in total Meghalaya has only .01 MW of commissioned solar energy. This .01MW was also added in the last financial year of 2016/17. In the year 2016, the Loyala College in East Garo Hills became the first institution in the state to go 100% solar by installing a 10KW system. The project has helped the Institute save on their cost of electricity as well as set an example to the students who learn about green and renewable energy. Azure Power has since also proposed to setup a 10MW plant in Meghalaya which would see an investment of 150 crores. The location for the plant has been set at Ri-Bhoi and West Garo hills. Such projects will be critical for Meghalaya, a state that requires at least 610MW of power, while currently it only produces 185.2MW. So in order to become self reliant, solar has been identified as one of the sources that would help the state bridge this gap.

NET METERING

Net metering is a billing system that allows rooftop owners having solar system installed at their rooftop to sell any excess electricity generated from solar system to local electricity utility

Capacity

  • Min 1 kWp
  • Max 1 MWp

Conditions:

  • Cumulative capacity of all solar systems installed in your area shall not exceed 15% of distribution transformer capacity in your area.

Ownership options

  • Self ownership (CAPEX model)
  • Third party ownership (RESCO model)

Billing Mechanism

  • Annual (April to March)
  • Any unadjusted electricity credits shall be paid as per the rates notified by the commission

Others

  • If the electricity generated exceeds 90% of the electricity consumed at the end of the settlement period, no payment shall be made by the distribution licensee and shall not be carried

FINANCIAL ASSISTANCE

  • 40% Accelerated Depreciation
  • 10 year Tax holiday on solar projects
  • Loans available for up to Rs.15 Crore for renewable energy projects under Priority sector lending

Meghalaya Solar Policy and it's Solar Highlights

Meghalaya is a state located in the Northeastern part of the country and shares boundary with Bangladesh. Shillong is the capital city of Meghalaya. With 70% forestation and very heavy rainfall that the region experiences, it is not surprising that in total Meghalaya has only .01 MW of commissioned solar energy. This .01MW was also added in the last financial year of 2016/17. In the year 2016, the Loyala College in East Garo Hills became the first institution in the state to go 100% solar by installing a 10KW system. The project has helped the Institute save on their cost of electricity as well as set an example to the students who learn about green and renewable energy. Azure Power has since also proposed to setup a 10MW plant in Meghalaya which would see an investment of 150 crores. The location for the plant has been set at Ri-Bhoi and West Garo hills. Such projects will be critical for Meghalaya, a state that requires at least 610MW of power, while currently it only produces 185.2MW. So in order to become self reliant, solar has been identified as one of the sources that would help the state bridge this gap.

NET METERING

Net metering is a billing system that allows rooftop owners having solar system installed at their rooftop to sell any excess electricity generated from solar system to local electricity utility

Capacity

  • Min 1 kWp
  • Max 1 MWp

Conditions:

  • Cumulative capacity of all solar systems installed in your area shall not exceed 15% of distribution transformer capacity in your area.

Ownership options

  • Self ownership (CAPEX model)
  • Third party ownership (RESCO model)

Settlement period

  • Annual (April to March)
  • Any unadjusted electricity credits shall be paid as per the rates notified by the commission

Others

  • If the electricity generated exceeds 90% of the electricity consumed at the end of the settlement period, no payment shall be made by the distribution licensee and shall not be carried

FINANCIAL ASSISTANCE

  • 40% Accelerated Depreciation
  • 10 year Tax holiday on solar projects
  • Loans available for up to Rs.15 Crore for renewable energy projects under Priority sector lending

Meghalaya Solar Policy and it's Solar Highlights

Meghalaya is a state located in the Northeastern part of the country and shares boundary with Bangladesh. Shillong is the capital city of Meghalaya. With 70% forestation and very heavy rainfall that the region experiences, it is not surprising that in total Meghalaya has only .01 MW of commissioned solar energy. This .01MW was also added in the last financial year of 2016/17. In the year 2016, the Loyala College in East Garo Hills became the first institution in the state to go 100% solar by installing a 10KW system. The project has helped the Institute save on their cost of electricity as well as set an example to the students who learn about green and renewable energy. Azure Power has since also proposed to setup a 10MW plant in Meghalaya which would see an investment of 150 crores. The location for the plant has been set at Ri-Bhoi and West Garo hills. Such projects will be critical for Meghalaya, a state that requires at least 610MW of power, while currently it only produces 185.2MW. So in order to become self reliant, solar has been identified as one of the sources that would help the state bridge this gap.