Most Popular rooftop listing in India

Comments 0
rooftop listing in India

rooftop listing in India might provide a much-needed jolt. (Also, see these and this). RTS loans might be made obligatory for banks and documentation simplified by the Reserve Bank of India (RBI) through the Priority Sector Lending (PSL) system. When it came to residential loans, WRI researchers discovered that banks typically requested the title documents of a home as collateral, which might be worth tens or even hundreds of thousands of dollars. In the minds of potential buyers, this was perceived as a deterrent.

Furthermore, banks do not have systems in place to take into account state-specific power pricing for net metering and the savings generated therefrom when calculating the interest rate and repayment term for loans. A uniform tariff defined by internal procedures led to increased interest rates for the end-users of banks. Businesses had to verify their creditworthiness and work out how long it would take to repay loans and interest rates.

Rooftop listing in India

On the other hand, we should look at the on-bill. For clients in its service region who want to go solar, the Discom might serve as a guarantee. Loan costs would be lower for the consumer since the chance of default is much lower. This would lower the risk of investment for developers and banks. DISCOMs might also collect monthly payments for rooftop solar systems through invoicing, and in the event of a customer default, they could take appropriate action. The DISCOMS would be able to afford the lower generating costs of rooftop solar as a result of the lower loan costs, allowing them to take advantage of lower-cost electricity and lowering transmission and distribution losses. A further benefit is that it would assist in meeting the DISCOMs’ Renewable Purchase Obligations (RPOs) requirements for the DISCOMs, which, according to a MERCOM study, are less than 60% across 27 states and union territories.

Solar aggregation on roofs

Developers would profit from economies of scale by aggregating rooftop areas, according to new research conducted by WRI India. In Madhya Pradesh, the revealed price of the offer for 10.8 MW was Rs 4.61 as opposed to the DISCOMS rate of Rs 7.5 per unit, this model was observed. Savings in the first year were estimated at Rs 2.39 crores, and savings of Rs 233 crores over the course of 25 years were calculated in this scenario.

In order to get the RTS industry back on track, it will be necessary to remove these long-standing stumbling blocks. Policymakers’ positive news is eagerly awaited by the industry in the coming months.



Sponsored Advertisement
Wednesday, 06th July 2022
Sponsored Advertisement
Spave Available