Solar power works by converting light from the sun into electricity. This electricity can then be used in your home or exported to the grid when it’s not needed. This is done by installing Solar Panels on your roof which generate DC (Direct Current) electricity. This is then fed into a solar inverter which converts the DC electricity from your solar panels into AC (Alternating Current) electricity.
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Absolutely! Solar is for everyone. Whether you are a residential solar, commercial or industrial consumer, a smart city developer or a public utility service provider, you can use solar in a variety of ways and save big on your electricity bills year after year, for a lifetime. In addition, if you are a rural consumer or situated at a remote location, solar is the most economical solution to fulfil your electricity needs. The cities and villages can use solar for public areas and buildings.
By using Solar PV power, you also stabilize your existing electricity supply as well as reduce your dependence on more expensive sources of power like Diesel Generators and Inverters. You can install Solar systems at a variety of places - on ground, rooftops, elevated structures, walls, roads, canal tops, etc.
Well, each user has a different electricity load profile. The good news is that your solar system can be customized depending on your electricity load profile, energy consumption pattern and requirements.
The Solar PV systems can be broadly categorised as: On-grid systems, which are connected to the main electrical supply in your building; Off-grid systems, which are completely off the grid (not connected to your main electrical supply) and Solar PV hybrid systems.
There are two ways in which an on-grid system can be configured:
The solar PV system combined with another power generating source is called Hybrid Solar PV system. The most commonly used hybrid system is Solar PV with DG and Grid electricity. You can also include a battery bank, which can be used when solar is not generating enough power. Solar PV hybrid system with battery backup is the most suitable option for remote locations such as rural area, mining sector and island etc. where grid supply is either poor or not available. Also, transportation of diesel to remote locations and its storage is very expensive.
Off grid Solar system is a battery-backed system and does not need to be connected to your electrical supply. This system is commonly used for backup power which may be used for running the loads in non-sunny hours e.g. powering traffic signals & streetlights, billboards, backup power for houses, pumps, etc. in cities and remote rural locations that have either fluctuating grid connectivity or do not have access to grid electricity.
The design of your Solar PV system depends on the availability of electricity, power quality, electricity tariff and your energy consumption pattern.
If you have grid connectivity, we recommend on-grid systems because they can more economically meet your energy requirements and provide flexibility of using a grid-hybrid system also. By using grid-hybrid systems, you can even store solar energy generated during the day for your night-time loads. If you need to choose Solar PV systems for schools, colleges, etc. which are closed on weekends, you can use net-metering mechanism to feed-in the extra power to the grid thereby avoiding any loss of solar power generated.
If you don’t have grid supply or have a poor (fluctuating) voltage, you may consider an off-grid system. This system is more expensive than an on-grid system because of the additional installation and maintenance cost of batteries.
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Simply put CAPEX means “Buying a solar PV system”. In this model, you are the owner of the system. Your solar system installer will install the system and thereafter, you enjoy the free power for many years.
RESCO can be understood as synonym of "Buying only solar power". The Solar PV system is owned by a third party in this case. You pay only for the power that you consume at a pre-determined tariff.
An equipment leasing company owns the PV system. However, it leases the equipment to you and charges a fixed monthly fee for usage. Generally, the lease agreements are for 10-15 years and if it extends, leasing company may offer you the option to purchase the system.
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