#EMI schemes for solar systems

[ecosoch]

Home Loan for Solar Rooftop | Financing & EMI Schemes

EcoSoch offers financing for rooftop solar installations, home improvement loans with tax benefits, and easy EMI schemes for residential, commercial projects.

[umangharyana]

Waaree सोलर ऑफर: 2kW सिस्टम से मात्र ₹600 में शुरू करें बिजली की बचत

अगर आप अपने घर की छत पर सोलर सिस्टम लगाने का सपना देख रहे हैं, लेकिन पैसों की कमी आपको रोक रही है, तो अब चिंता की कोई बात नहीं। केंद्र सरकार की “पीएम सूर्यघर योजना” के तहत आप मात्र ₹600/महीने की किस्त पर Waaree का 2kW सोलर सिस्टम अपने घर पर लगवा सकते हैं। यह योजना आपके लिए बिजली के बढ़ते बिलों से छुटकारा दिलाने का बेहतरीन मौका है। खास बात यह है कि सिर्फ 4 साल में यह सोलर सिस्टम आपका हो जाएगा, और…

[archaj]

Budget-Friendly Flats in Trivandrum – Smart Living, Affordable Prices

Introduction: Affordable Housing Meets Modern Living in Trivandrum

Trivandrum, Kerala’s capital, is a hub of opportunities with its booming IT sector, educational institutions, and infrastructure growth. However, soaring real estate prices often make homeownership seem out of reach. Enter Cordial Homes – one of the top builders in Trivandrum – redefining affordability without compromising quality. Whether you’re a first-time buyer, a young professional, or a growing family, our budget-friendly flats in Trivandrum blend smart living with cost-effective solutions.

Why Budget-Friendly Flats Are in High Demand

Rising Property Prices: Trivandrum’s real estate has seen a 12% annual price surge, making affordability critical.

Young Workforce: IT professionals and millennials seek compact, low-maintenance homes.

Nuclear Families: Demand for 2 & 3 BHK flats in Trivandrum has spiked by 25% in the last 3 years.

Cordial Homes addresses these needs with thoughtfully designed flats starting at ₹XX lakhs – proving luxury and budget can coexist!

Cordial Homes’ Budget-Friendly Projects: Where Affordability Meets Quality

Keyword Focus: Budget-Friendly Flats in Trivandrum, 2 & 3 BHK Flats in Trivandrum

Explore our flagship projects tailored for cost-conscious buyers:

1. Harmony Residency (Kazhakootam)

2 BHK Flats (850–1,000 sq.ft): Ideal for couples and small families.

Features:

Modular kitchens with stainless steel sinks.

Vitrified flooring and anti-skid tiles in bathrooms.

Ample natural lighting and cross-ventilation.

Price: Starting at ₹XX lakhs.

2. Urban Nest (Sreekaryam)

3 BHK Flats (1,200–1,400 sq.ft): Perfect for growing families.

Features:

Spacious living-dining areas.

Balconies with scenic views.

24/7 security and CCTV surveillance.

Price: Starting at ₹XX lakhs.

Why Choose Cordial’s Budget Flats?

Prime Locations: Proximity to Technopark, schools (Kendriya Vidyalaya), and hospitals (IMS Medicity).

Smart Features: Energy-efficient LED lighting, pre-installed internet cabling.

Low Maintenance: Durable materials reduce long-term repair costs.

Smart Living on a Budget: How Cordial Homes Delivers Value

Keyword Focus: Smart Home Features in Trivandrum Flats

“Budget-friendly” doesn’t mean cutting corners. Cordial Homes integrates future-ready amenities even in affordable projects:

Energy Efficiency:

Double-glazed windows to reduce heat and AC costs.

Solar-powered common area lighting.

Tech-Ready Homes:

Pre-wired for Wi-Fi and home automation systems.

Dedicated spaces for washing machines and water purifiers.

Community Amenities:

Children’s play area, jogging track, and rainwater harvesting.

Financial Flexibility: Payment Plans That Work for You

Keyword Focus: Buy Flats in Trivandrum

Cordial Homes makes buying your dream flat stress-free with:

Subsidized Home Loans: Tie-ups with leading banks for lower interest rates.

EMI Options: Spread payments over 5–20 years.

Down Payment Plans: As low as 10% upfront.

Government Schemes: Pradhan Mantri Awas Yojana (PMAY) benefits for eligible buyers.

Case Study: Ms. Anjali, a software engineer at Technopark, purchased a 2 BHK flat at Harmony Residency with a 15-year EMI plan. “Cordial’s team helped me claim PMAY subsidies, saving me ₹2.5 lakhs!”

Why Invest in Budget Flats in Trivandrum?

High Rental Demand:

A 2 BHK flat near Technopark can earn ₹15,000–₹20,000/month in rent.

Appreciation Potential:

Areas like Kazhakootam and Sreekaryam have seen 8–10% annual price growth.

Low Risk: Affordable properties attract steady buyers, ensuring quicker resale.

Debunking Myths About Budget Homes

Myth: “Budget flats compromise on quality.” Reality: Cordial Homes uses ISO-certified materials and follows strict quality checks.

Myth: “Affordable homes lack amenities.” Reality: Our projects include parks, gyms, and 24/7 security.

Myth: “They’re located in remote areas.” Reality: Cordial’s flats are strategically placed near IT hubs, schools, and highways.

How to Buy a Budget-Friendly Flat in Trivandrum: A Step-by-Step Guide

Fix Your Budget: Use Cordial’s online EMI calculator to plan finances.

Choose Location: Prioritize connectivity (e.g., flats near NH-66 or Technopark).

Visit Site: Schedule a free tour of Harmony Residency or Urban Nest.

Book Your Flat: Avail limited-time discounts on early bookings.

Pro Tip: Download our free e-guide – “10 Tips for First-Time Homebuyers in Trivandrum”.

Testimonials: Real Stories from Cordial Homeowners

“We never thought we’d own a 3 BHK flat in Trivandrum! Cordial made it possible.” – The Nair Family, Urban Nest Residents.

“The loan process was seamless, and the quality surpassed our expectations.” – Mr. Rajesh, Harmony Residency Buyer.

Conclusion: Your Dream Home is Closer Than You Think

Cordial Homes proves that budget-friendly flats in Trivandrum don’t mean sacrificing quality or modern comforts. With prime locations, smart features, and flexible payment plans, we’re here to turn your homeownership dream into reality.

[markeshblog]

Financing Options for Solar: How to Manage Solar Panel Installation Cost

Want to go solar but worried about the upfront cost? Good news — you don’t have to pay everything at once. Several financing options now make it easier than ever to afford your solar panel installation cost without breaking your budget.

Here’s how you can go solar now and pay smartly over time.

1. Upfront Payment (One-Time)

This is the simplest option — you pay the full amount before or during installation.

✅ No EMIs or interest

✅ Immediate ownership

✅ Fastest return on investment

❌ Not ideal for those on a tight monthly budget

👉 Solar Panel Installation Cost – The Ultimate Guide

2. EMI via Banks or NBFCs

Many banks and Non-Banking Financial Companies offer solar loans with:

Tenure: 1 to 5 years

Interest: 9% to 14% per annum

Down payment: 20% – 30% of project cost

This option allows you to:

✅ Pay in small monthly installments

✅ Own the system from Day 1

✅ Save on electricity while paying your loan

Some schemes even link EMI to your savings, meaning your monthly power bill reduces as you pay.

👉 Solar Panel for Home – Learn More

3. Vendor EMI (No-Cost or Low-Cost)

Top installers, including Beyond and HelioStrom, often offer zero-interest EMI plans for 6–12 months.

Benefits:

✅ No interest

✅ Quick approval

✅ No collateral needed

❌ May require auto-debit setup or basic credit verification

4. Government Subsidy + Financing

You can combine government subsidy benefits with bank EMI. Once your 40% subsidy is approved and disbursed, your loan amount gets adjusted — reducing your EMI burden.

👉 Solar Panel Subsidy in India

Chennai & Dindigul Case Study

📍 In Chennai, a family installed a 5 kW system worth ₹3.2L. They paid ₹80,000 upfront and took a 2-year EMI for the rest. The monthly savings offset the EMI by 70%.

👉 Solar Panel Installation in Chennai

📍 In Dindigul, a homeowner used zero-cost EMI for a ₹1.5L system, paying ₹12,500/month for 12 months — and still saved ₹1,800/month on their electricity bill.

👉 Solar Panel Installation in Dindigul

5. Lease and PPA (Not Common for Homes Yet)

In some cities, solar companies offer Pay As You Go or leasing models — you pay only for the power you use. These are still rare in residential setups but may grow in the future.

Final Thoughts

Don’t let the solar panel installation cost stop you from making a smart energy decision. With flexible financing and EMI plans, you can go solar today and pay comfortably over time — all while saving on your power bill from Day 1. Beyond and HelioStrom will guide you through the best financial model based on your needs.

👉 Top 10 Steps for Solar Installation

[m3-solar]

Make Your Home Energy-Smart with Solar Panels: A Simple Guide for Indian Homes

Hello! I'm from M3 Solar, and I want to help you understand how solar panels can make your home better and save you money. Let's talk about this in simple words that everyone can understand.

Why Should Indian Homes Choose Solar Panels?

In India, where electricity bills are always going up and power cuts are common, residential solar panels are becoming very popular. The constant rise in electricity costs has made many homeowners look for better options. Solar power is not just about saving money – it's about being smart with energy.

Living in India gives us a great advantage when it comes to solar power. Our country gets sunshine almost all year round, making it perfect for solar panels. When you install solar panels on your home, you're not just helping yourself; you're also helping our environment by using clean energy.

Here's why more Indian families are choosing solar panels:

Lower monthly electricity bills

No noise, very little maintenance needed

Good for our environment

Makes your home more valuable

Works for 25-30 years with basic care

Helps during power cuts

Perfect for India's sunny weather

Budget-Friendly Solar Panel Options for Indian Homes

Many people think solar panels are too expensive. This used to be true years ago, but not anymore. At M3 Solar, we make sure everyone can afford them. We understand that every family has different needs and budgets, so we offer various options to make solar power accessible to all.

The government also helps make solar panels more affordable. There are many schemes and benefits that can reduce your installation costs:

Government Help:

Central government subsidies

State-specific solar schemes

Tax benefits under various programs

Easy Payment Options:

Bank loan facilities

EMI options

Flexible payment plans

Long-Term Benefits:

Start saving money within a few years

Free electricity for 25+ years

Very low maintenance costs

How Do Home Solar Panels Work in Indian Weather?

India's climate is perfect for solar energy. We get about 300 sunny days every year, which means your solar panels will work great most of the time. Even during cloudy days, solar panels can still generate some electricity, though not as much as on sunny days.

The working of solar panels is quite simple:

Panels catch sunlight during the day

Convert sunlight into electricity

Power your home appliances

Store extra power in batteries

Work even during power cuts

During summer months, your solar panels will generate more power because of longer daylight hours. In monsoon season, they still work but might produce less power. That's why we design systems that consider all seasons to ensure you have enough power throughout the year.

Choosing the Right Solar Panels for Your Indian Home

Selecting the right solar system is very important. It's not a one-size-fits-all solution. Every home has different needs, and we help you choose what's best for your situation. We look at several factors to make sure you get the perfect system.

House Size

Different homes need different-sized solar systems:

Small homes (1-2 bedrooms): Smaller system

Medium homes (3-4 bedrooms): Medium system

Large homes (5+ bedrooms): Larger system

The size of your system depends not just on your home's size, but also on how much electricity you use. We'll help you choose the right size that matches your needs and budget.

Roof Space

Your roof is very important for solar panel installation. We carefully check:

Your roof size and shape

Which direction it faces (south-facing is best)

Any shadows from trees or buildings

How to protect panels during monsoon

We make sure your roof can support the panels and that they're installed in the best possible way to get maximum sunlight.

Energy Usage

Understanding your energy needs helps us design the right system:

We look at your current electricity bills

Count all your appliances

Plan for any future additions

Consider power backup needs

This helps us make sure your solar system can handle all your power needs efficiently.

The M3 Solar Installation Process

We've made our installation process simple and hassle-free. We handle everything from start to finish, so you don't have to worry about anything.

Free Home Visit First, we visit your home to understand your needs. Our experts check everything carefully and answer all your questions. We believe in being thorough because a good assessment leads to the best results.

Custom Plan After the visit, we create a plan specially for your home. We show you exactly where the panels will go and explain how much power they'll generate. We also discuss how to protect your system during different weather conditions.

Quick Setup Our expert team installs your solar system quickly and carefully. Most installations take only 1-2 days, and we make sure to cause minimum disturbance to your daily routine.

Complete Support After installation, we don't just leave you on your own. We provide regular maintenance checks and are always available if you need help. Our team monitors your system's performance to ensure it's working perfectly.

Why Choose M3 Solar?

We've been helping Indian families switch to solar power for many years. Our experience and commitment to quality make us different from others. When you choose M3 Solar, you get:

Quality Promise: We use panels that are specially chosen for Indian weather conditions. They're tough, reliable, and long-lasting.

Expert Team: Our installers are well-trained and know exactly what they're doing. They handle everything professionally.

Full Support: We're with you from start to finish, and even after that. Any questions or concerns? We're just a phone call away.

Fair Prices: We believe good quality solar systems should be affordable. Our prices are fair and honest.

Long Warranty: Your investment is protected with our comprehensive warranty coverage.

Local Service: Being local means we can reach you quickly when you need us.

Special Features for Indian Homes

We understand Indian weather and power conditions. Our solar systems are designed keeping these in mind:

Weather Protection Indian weather can be harsh, but our systems are built to handle it. The panels work well in hot summers and are protected during heavy monsoon rains. They're also dust-resistant and can handle strong winds.

Power Backup Power cuts are common in many parts of India. Our systems come with backup options so you can have power even when the grid is down. The switching is automatic – you won't even notice when power cuts happen.

Easy Maintenance Keeping your solar panels working well is easy. We provide regular cleaning services, special checks before monsoon, and quick repairs if needed. Our team makes sure your system keeps running smoothly year after year.

Getting Started is Simple

We've made it very easy to switch to solar power. Here's all you need to do:

Call us for free advice

Get a plan for your home

Pick your payment option

Book your installation

Start using solar power

Why Install Solar Panels Now?

There are many good reasons to install solar panels right away:

Electricity rates keep going up

Government benefits are available now

Summer is coming – the perfect time to start

The sooner you install, the more you save

It's a great way to help reduce pollution

Our Promise to You

At M3 Solar, we take our commitments seriously. We promise:

Clear, honest information about everything

No hidden charges or surprise costs

Professional work at all times

High-quality materials and installation

Long-term support for your system

Contact M3 Solar Today

Are you ready to make your home energy-smart? Want to know more about our budget-friendly solar panels? Get in touch with us.

Service Areas in India

We provide solar panel installation services in: All Over India

Don't wait for your next big electricity bill! Join thousands of Indian families who are already enjoying clean, free energy from the sun. With our budget-friendly solar panels, your home can be energy-independent too!

Remember, switching to solar is a smart decision that keeps giving benefits year after year. Let M3 Solar help you make this important change for your home and family.

[solargreen01]

The Rise of Solar Innovation: How Installation Companies Are Powering India's Green Future

India's solar energy sector has witnessed unprecedented growth in recent years, with installation companies playing a pivotal role in the nation's renewable energy transformation. As the country aims to achieve 500 GW of renewable energy capacity by 2030, solar installation firms have emerged as key drivers of this ambitious goal.

These companies are revolutionizing the way Indians think about power generation, offering comprehensive solutions from residential rooftop installations to massive utility-scale solar parks. With solar tariffs reaching historic lows and technology becoming increasingly efficient, installation companies are making clean energy accessible to millions of households and businesses across the country.

The expertise of solar panel installation companies spans multiple domains, including site assessment, design optimization, procurement, and after-sales service. Their technical teams conduct detailed shadow analysis, structural stability assessments, and energy yield predictions to ensure maximum return on investment for clients. This systematic approach has helped build trust in solar technology among consumers.

What sets modern solar installers apart is their integration of cutting-edge technology. Many companies now utilize drone surveys for large-scale projects, 3D modeling for precise installation planning, and sophisticated monitoring systems that track performance in real-time. This technological advancement has significantly improved installation efficiency and system performance.

The impact of these companies extends beyond urban centers. Many installers are actively working in rural areas, bringing solar solutions to agricultural communities and remote villages. Their efforts have contributed to reducing dependency on diesel generators and unreliable grid power, while simultaneously creating employment opportunities in these regions.

Quality assurance has become a cornerstone of successful solar installation companies. They maintain stringent standards in component selection, working with tier-1 manufacturers and ensuring all equipment meets international quality benchmarks. This commitment to quality has helped establish India as a mature solar market on the global stage.

Training and skill development form another crucial aspect of these companies' operations. They invest significantly in developing a skilled workforce, conducting regular training programs, and staying updated with the latest industry developments. This focus on human resource development has created a robust ecosystem of solar professionals across the country.

Financial innovation has also been a key driver of growth. Installation companies now offer various financing options, including solar leasing, power purchase agreements (PPAs), and easy EMI schemes. These flexible payment solutions have made solar energy more accessible to a broader segment of the population.

Looking ahead, solar installation companies are preparing for the next phase of growth. Many are investing in energy storage solutions, smart grid integration, and hybrid systems that combine solar with other renewable sources. This forward-thinking approach positions them well for future energy challenges.

The success of these companies has contributed significantly to India's environmental goals. Each installation reduces carbon emissions and helps combat climate change. The cumulative impact of their work is helping India move closer to its commitments under the Paris Agreement.

As awareness about climate change grows and electricity costs continue to rise, solar installation companies are experiencing increasing demand from both commercial and residential sectors. Their role in India's energy transition has become more crucial than ever, making them integral to the nation's sustainable development journey.

[forblogmostly]

Standard Capital's Bold Initiative: Expanding Green Energy Funding and Offering Zero-Cost EMI for Sustainable Projects

In a landmark move aimed at accelerating India's transition to renewable energy, Standard Capital Markets Limited, a leading non-banking financial company (NBFC), has unveiled an ambitious funding initiative designed to support the nation’s green energy and electric vehicle (EV) mobility projects. On September 25, 2024, the company announced the launch of this comprehensive initiative through a press release, which was shared with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), as well as on its official website.

This initiative aligns with Standard Capital’s broader strategy of promoting sustainable energy solutions and contributing to India’s efforts to build a greener, more energy-efficient future. As the country continues to focus on renewable energy as a critical component of its energy infrastructure, Standard Capital’s financial backing comes at a crucial time. India has already made impressive strides in the clean energy sector, with over 68 GW of solar capacity installed as of 2023. As the country aims for a target of 500 GW of renewable energy by 2030, initiatives like this will be key in driving progress.

The centerpiece of Standard Capital’s new program is the introduction of Zero-Cost EMI financing for renewable energy projects, a feature that has the potential to revolutionize how schools, residential societies, and other institutions adopt clean energy. The Zero-Cost EMI plan is designed to ease the financial burden on organizations looking to install solar panels and other renewable systems. By offering an interest-free repayment structure, Standard Capital removes one of the most significant barriers to entry—high upfront costs—thus making sustainable energy solutions more accessible.

This financing option is not only an innovative financial product but also a critical step in supporting the wider adoption of green energy at grassroots levels. Educational institutions and residential societies, which often face financial constraints, now have a feasible and cost-effective way to shift towards renewable energy. This move aligns well with national goals to reduce carbon emissions and dependency on fossil fuels.

To ensure the scalability and impact of this initiative, each project funded under the Zero-Cost EMI scheme is valued at approximately ₹50 lakh. This strategic allocation allows institutions to access the resources required to implement sustainable energy solutions without financial strain. Already, companies like Quicktouch have jumped on board, announcing plans to install solar panels in schools, demonstrating that the initiative is already making waves.

In a statement reflecting the company’s broader vision, Gaurav Jindal, Managing Director of Quicktouch, emphasized how this initiative not only helps companies reduce their carbon footprint but also supports India’s national energy goals. "This initiative will empower companies to reduce their carbon footprints, contributing to a greener economy while aligning with national energy goals," said Jindal.

However, Standard Capital's commitment to sustainability goes beyond just renewable energy. The NBFC has also set its sights on supporting the rapidly growing electric vehicle (EV) sector, another vital component of India’s green energy ambitions. The Indian government has set a target of achieving 30% EV penetration by 2030, a key milestone in reducing the country’s transportation-related carbon emissions, which account for 14% of total emissions. As part of its initiative, Standard Capital is extending financial backing to companies focused on EV mobility solutions, helping to drive the nation’s transition towards cleaner transportation.

India’s EV market is projected to be worth $150 billion by 2030, with the potential to reduce vehicular emissions by nearly 35%. This transition is not only critical for the environment but also presents significant economic opportunities for companies involved in the EV ecosystem. Standard Capital’s strategic investments in this sector will play a pivotal role in ensuring that the necessary financial infrastructure is in place to support this massive market shift.

Standard Capital’s dual focus on green energy and EV mobility solutions positions it as a crucial player in India’s clean energy future. By removing financial barriers through innovative schemes like Zero-Cost EMI and backing the country’s burgeoning EV market, the NBFC is doing much more than providing financial services—it is actively shaping a sustainable and energy-efficient India.

This comprehensive funding initiative is not only beneficial for the stakeholders of Standard Capital, but it also has the potential to impact the broader society. As more educational institutions and residential societies are empowered to adopt green energy solutions, and as the EV market continues to grow, Standard Capital is poised to make a lasting contribution to India's environmental and economic landscape. This move further cements the company's reputation as a leader in the financial services industry, with a forward-thinking approach that embraces sustainability and innovation.

[goldisolarindia]

Top 5 things to keep in mind while financing my solar system

A solar system could potentially save a significant amount on your electricity bills every month plus this investment can increase your property value and also save the environment.

Generally, solar systems pay off their initial investment within 6-10 years. If you employ the savings from your solar power project to offset the cost of your electric bill, you’ll find yourself paying less than what you would have paid using traditional means! There is a spread of financing options available for solar power panels like loans, net metering agreements with utilities, leasing options, and grants.

1. Check your credit score – Credit score is the important eligibility criterion for solar panel financing. This generally requires a Credit score of 660 or higher to qualify for solar financing. It helps to avail loans with low-interest rates.

2. Consider a loan – you’ll obtain a loan to purchase a solar power system. Loan options, including zero-down financing. There are several sorts of loans:

Personal loans – Personal loans for solar systems are getting popular. It offers fixed interest rates and monthly payments, so you usually know how much you’re paying. There are short-term (12-18 months) loans, also called bridge loans, that allow you to use the ITC and state credits immediately rather than waiting until you file taxes. In fact, you’ll combine this short-term with a long-term loan that covers the remaining cost of your installation.

Home Equity Loans – It works as a home loan, but they allow you to borrow against your home as collateral. Monthly payments depend on the borrowed amount. With a home equity loan, you’ll get approval even with a poor credit score as this is a secured loan and borrow only a part of the credit limit as per your need. The interest is charged only on the borrowed amount.

3. Documents required for solar financing – the below documents are needed while financing solar power panels.

● Power purchase contract (PPA) ● Residence & Factory ownership proof ● Proforma Invoice / Quotation ● Quality and safety standards followed ● List of authorizations and compliance gained

4. Other solar financing options – Remember that private loans are not the only option for financing a solar system. There are many options, so explore all the options before making a decision.

EMI payments – Buying solar energy using a credit or debit card to access the EMI options for most loans including solar systems.

Home improvement loans – you can avail of home improvement loans for upgrading or improving the property. Banks like SBI offer pans up to 1 lakh for home improvement and you’ll get such loans to set up a solar system.

Lease – Like leasing a car, you’ll lease a solar energy system to reduce your upfront expenses. Under this arrangement, a solar installer, finance provider, or other third party owns and maintains the system you set on your roof. you’ll pay a fixed monthly rate to the company that owns the system. A lease is usually 20-25 years.

Power purchase contract (PPA) – This is also like a lease. The difference is what proportion you pay and to whom. Under this, you buy the electricity generated back from the system owner at a set rate per kilowatt-hour. With PPAs you’ll quickly see immediate monthly savings on your energy bill.

Note that if you lease or have a PPA, you’re not eligible for the tax benefits and incentives, but you’ll save money on energy in the long run and lower your carbon emissions.

5. Government solar financing Incentives There are several things to keep in mind when financing your solar system. the govt offers tax benefits for solar panel installations, and lots of states offer additional rebates and incentives. These can make the system more affordable.

The Central Government and State Nodal Agencies offer subsidy schemes to the people for installing rooftop PV systems. There’s a 40% subsidy on benchmark capital costs for units of up to 3KW capacity and 20% for larger units up to 10 KW.

The electricity generated from the solar panels is employed for self-consumption with the net-metering approach. The buyer is charged for net units stored in the grid infrastructure for later use. This policy helps with the support of residential and C&I markets as well. The SRISTI scheme is in urban areas for the installation of solar panels. The SUABHAGYA scheme targets solar rooftop installations in rural areas where free electricity is given to all or any households irrespective of their APL and BPL status.

Renewable Energy Certificates (RECs)- These are tradable certificates that are meant to offer benefits to the ones who generate green power by providing incentives for every unit generated. It intends to supply advantages to the C&I sector for carbon neutrality.

Buy or Lease??? Leasing solar panels make the switch to solar power more attainable for customers who may not have cash reserves. However, leasing solar energy panels means you do not own them. Rather, a 3rd party owns the equipment. When you buy solar panels, there are often additional credits available to people that purchase solar panels based on the state or the manufacturer’s reimbursements. Owning or leasing solar panels both allow homeowners to enjoy utility bill savings. Leasing is best if you want to get started with solar without a large initial investment while owning the solar panel is the best way to save money in the long term. it’s always important to explore and compare different offers before making a deal.

Conclusion Solar systems typically have a payback period of 5-10 years. this suggests that you will be saving money every month, counting on the size of your system and the price of electricity in your area. By noting the above factors, you can be sure to get the best possible deal on financing your new solar system.

If you’re looking to purchase high-quality solar panels for your home with the best deals don’t forget to check out Goldisolar.com.

This Blog Originally Posted Here: https://goldisolar.com/top-5-things-to-keep-in-mind-while-financing-my-solar-system/

[loomsolarblog]

3 kW Solar System for Home

What is a 3 kw solar system?

A 3-kW solar system refers to a photovoltaic (PV) system with a power output of 3 kilowatts. It is a measure of the system's capacity to generate electricity from the sun's energy.

The power output of a solar system is determined by the combined capacity of the solar panels installed. In this case, a 3-kW system typically consists of solar panels with a total capacity of 3 kilowatts. The actual number of panels required depends on the specific wattage rating of the panels used.

what is 3 kw off grid solar system?

A 3 kilowatt (kW) off-grid solar system refers to a standalone solar power system that operates independently of the electric grid. Unlike grid-tied systems, which are connected to the utility grid, off-grid systems are designed to provide electricity in remote areas or locations where grid access is limited or unavailable.

A 3 kW off-grid solar system typically consists of solar panels, a charge controller, batteries, an inverter, and other necessary components. This solar system is preferable for homes, schools, villas, offices, and hospitals to provide 24*7 electricity.

what is 3 kw on grid solar system?

A 3 kilowatt (kW) on-grid solar system, also known as a grid-tied solar system, is a solar power system that is connected to the electrical grid. It works in conjunction with the existing utility grid to provide electricity to a home or building.

A 3 kW on-grid solar system typically consists of solar panels, an inverter, a grid connection, and net metering. This kind of solar system is good for those people who live in metro cities where they use AC in summer as well as geysers in winter.

Which appliances do you run from 3 kw solar system?

Home appliances like water motors, TV, fan, laptop, press, lights, AC, washing machines, cooler, refrigerator etc can be easily run on 3 KW solar system because 3KW solar system produces about 12 to 15 units of electricity in a day. Which is sufficient for an average-sized family of three to four members.

Solar Loan/EMI

Nowadays, you can install solar rooftop systems on EMI / Loan facilities. In the case of solar systems installed via monthly EMI, you can pay monthly installments like how you pay for electricity. The average monthly installment of a solar loan facility is Rs. 7,000 to Rs. 7,500, and 20% of the total cost of the system must be paid as a down payment. Your monthly EMI can be calculated here according to your preferences.

Solar SubsidyThe government has started this scheme to motivate people to install solar systems on the roof of their houses. Under this scheme, you get a subsidy for up to a 10-kilowatt solar system.

If you want to apply for this, you must complete the following procedures-1. First, go to https://solarrooftop.gov.in/

2. After that select the option of Register Here.

3. Here you will have the option to choose your State, Distribution Company / Utility, and Consumer Account Number.

4. To fill it once, mark Confirm and select the Next option.

5. After this, you can complete your application by filling in whatever information or documents you are asked for.

Conclusion

It’s worth noting that a 3-KW system is considered relatively small and is typically suitable for residential or small-scale commercial applications. If you have specific questions about solar systems or need further information, feel free to ask.

[its-mysun]

Calling the Attention of Residents of New Delhi – Don’t Miss Out on Huge Subsidy on Home Solar Systems When You Go Solar with MYSUN This Summer

If you're a resident of New Delhi (areas like Vasant Kunj, South Extension, GK, GK2, Safdarjung, Punjabi Bagh, Mansarovar Garden, Shahdara etc), or any other part of Delhi, India, you may be interested to know that you can avail significant subsidies on home solar systems by going solar with MYSUN. The Government of India provides financial assistance to homeowners who install rooftop solar panels through its Grid-Connected Rooftop Solar Power Scheme. Under this scheme, homeowners can receive up to 40% of the benchmark cost, or up to Rs. 40,000 per kWp, whichever is lower. The process of getting the subsidy is highly transparent and you can refer to our article here Avail Huge Subsidy on Home Solar Systems When You Go Solar with MYSUN - Rediscover the Sun with MYSUN - Solar Power Company in India for the details.

Switching to solar energy not only saves you money on your electricity bills but also helps reduce your carbon footprint. By generating your own clean and renewable energy, you can contribute to the fight against climate change while enjoying the benefits of energy independence. This is especially functional during summers, where an average household’s electricity bill would be as high as INR 10,000~30,000. With Solar, you can easily reduce about 80% of the same.

MYSUN, a leading solar energy company in India, offers end-to-end solar solutions to help you design and install a customized solar system that meets your energy needs and budget. With its advanced technology and high-quality products, we at MYSUN ensure maximum efficiency and reliability, as well as excellent after-sales service and maintenance support. Not just this, you have a wide range of products that meet practically all budget demands and lucrative financing offerings through trusted partners like PayTM, Bajaj Finserv too. While speaking to our support team, do not forget to ask about ZERO EMI schemes as well as ‘Get Ready Ready For Summer’ discounts.

When you choose MYSUN, you benefit from its expertise and experience in the solar energy industry. MYSUN's team of experts can help you determine the optimal size and placement of your solar system, as well as guide you through the process of obtaining permits and approvals. Our customized solar solutions are tailored to meet the unique energy needs of each homeowner, ensuring that you get the most out of your investment.

Our solar systems come equipped with advanced technology, such as remote monitoring and performance analysis, which allows you to track your energy production and consumption in real-time. This helps you identify opportunities for further energy savings and maximize the benefits of your solar system.

In conclusion, if you're a resident of New Delhi who wants to take advantage of the subsidies offered by the government and enjoy the benefits of solar energy, then MYSUN is the right choice for you. Contact us today to learn more about its services and start enjoying the benefits of solar power. Contact us on 8448380218 or e-mail us at: hello@itsmysun.com

Source Url- Calling the Attention of Residents of New Delhi – Don’t Miss Out on Huge Subsidy on Home Solar Systems When You Go Solar with MYSUN This Summer

[infinityworld11]

Benefits of Investing in Newly Launched Infinity World Punawale Projec

Buying a property involves a lot of planning and research. Also, some factors can influence the buying decision. One such factor is the course of construction involved. When it comes to the course of construction, newly launched projects are most preferred.

Benefits of investment at Infinity World:

By investing in Infinity World, one can have the benefits of a good location enhanced by the green quotient and the benefits of eco-friendly amenities like solar panels and rainwater harvesting systems. In addition, the residential project has three-level security and ample parking spaces.

Early bird discounts:

One of the best parts of investing in newly launched projects is the availability of a wide range of discounts, deals, and festive offers. Many reputed property dealers offer attractive deals before the launch of their new projects. A minimum 10-15 percent discount is provided on booking in the newly launched project. Sometimes it can go up to 20 %. By booking in the newly launched project, a home buyer can save up to 30 percent of the total cost of the property.

Best options within your budget:

In a newly launched project, a homebuyer has the advantage of choosing the best according to their requirements. From location, budget, needs, and amenities, a home buyer can choose the specifications of the property.

Pay with easy:

Many real estate developers offer innovative schemes like no EMI till possession, or buyers pay only 20 percent of the initial property cost for buyers who can not afford to pay rent and EMI. Such offers create a win-win situation for both investors and developers as the investors can enjoy an interest-free loan, and the developers can complete the project on time.

Get it customized:

One of the interesting benefits of investing in newly launched projects is the opportunity for customization. Since the construction is in the initial stage, one can customize specifications according to their needs compatible with the building.

Newly launched project in Punawale

Buying a newly launched project has many advantages. If it is from the Tulip group, you have the added benefit of flexibility in payment options, various festive offers, discounts, and deals. The renowned builders have launched Infinity World in Punawale, near Ravet hanging bridge. This residential project offers an array of 2,3,4 BHK homes equipped with best-in-class amenities and features for enriching lifestyles.

Conclusion

If you are looking for a residential project in Punawale, then check out Infinity World in Punawale. Conveniently located near the Ravet hanging bridge, one can have easy access to the city's significant landmarks via roads. Thus, to celebrate life and create infinite memories in the city's most coveted address.

[green4lifeenergy-blog]

Steps to be followed for going “SOLAR”

Solar energy is the best alternative to the conventional source of energy and helps its user in saving more on electricity bill. Along with this, it is green, sustainable and affordable too. So, if you too want a better tomorrow, you should go solar. Now, the question is, “How to go Solar?” In this article, we’ll explain to you the required steps to be followed.

1.      Find a Solar Installation Company:

It’s the beginning of your solar journey to work for finding a good solar installation company that must have satisfactory experience in this domain. Either you can ask your neighbours or your near relatives who have already installed solar power system for their recommendation or browse online for more options. Strictly go through company’s policies, warranty offers, customer reviews, past experiences and service standards. Green 4 Life Energy is an Indian venture of Green 4 Life Energy OZ –an Australian solar company with an experience of 15 years.

Once you finalize the installer, work on finding out the quality and efficiency of solar panels, solar inverters or any other product or services that your installer recommends. Don’t forget to have a look on warranty and effective life span. Ask for quotes. Compare and choose one.

 2.      Call for an Energy Audit:

Keep in mind that you won’t get an exact price quotation at the first stage. Every home has a different layout, open sky clearance, sunlight grasping potential, orientation, nearby obstructions, and roofing material. It makes every quote a unique one. None of the reputable solar company will give you exact price. They prefer to send their representative to evaluate the site and present a customized plan for you. Green 4 Life energy sends its representative for energy audit for calculating your energy demand, potential of your rooftop and your probable future demand. On that basis, it will suggest the best solar energy system. It will also inform you about actual cost, total savings and other details related to your requirements.

Choose the best system: Out of available system viz. On-Grid/Grid-tied, Off-Grid or hybrid, choose the best suiting one. In On-Grid or Grid-tied system, solar power system is connected to local main electricity grid. During optimum production of solar electricity, your load can run on solar power. In case of any deficit, electricity will be drawn off from local electricity grid. In case of excess solar electricity production, it can be either stored in batteries or can be provided to local electric feed while OFF Grid or Grid alone system are favorable in case of the unavailability of any grid feed.

The energy difference can be measured from any of the two type of meter system

Gross     Metering: In this, entire energy generated from solar power     system is feed to the utility grid and amount is measured. On basis of     amount proportionate feed-incentives can be taken.

Net     Metering: In this, the energy difference of energy drawn off and     feed into local grid is taken in account. In case of excessive feeding,     monetary benefits can be achieved.

For more details about these categories, click here. Once you are sure with your type of system to be installed on basis of site and available resources, move on to the next step.

 3.      Choose Solar Panel Financing Options:

Once you’re done with type of solar power system and brands, your next job is to arrange for involved cost. Most of the newcomers presume that all the cost involved in going solar must be paid upfront. However, the real scenario is quite different. There are several payment options that can make your overall solar journey easy. Due to many market players and heavy competitions, companies are offering several schemes for making the process simple. For instance, Green 4 Life Energy offers no interest EMI options by which you can choose to pay for your solar panels or solar power system in monthly installments with no interest. You can also opt for OPEX model in which we take care of installation and maintenance of Solar PV System at your premise. All the incurred cost will be bear by us with mutual agreement that ensure your purchase of generated energy. Government subsidies can give you great benefits that we will discuss in next section.

 4.      Review government policies and subsidies:

Indian government have set a target of production of 100 GW of solar electricity. For which, it has announced various schemes to encourage homeowners. According to the Ministry of New and Renewable Energy, the Central Government pays almost 30% of the benchmarked installation cost for rooftop PV systems for states that are in general categories like Rajasthan, Uttar-Pradesh, Bihar etc., up to 70% for the states in special category that includes Sikkim, Uttarakhand, Himachal Pradesh, Jammu & Kashmir and Lakshadweep. State government also provide additional subsidies. For detailed information, please click here. For knowing how you can save more, click here. Subsidies that are given by state nodal agencies vary from state to state.

 5.      Install the system:

After finalizing the solar energy system and its financing plan, it’s time for installation. Your installer will optimize the overall system design to produce the maximum output that will be reflected on your monthly electricity bill.

Green 4 Life Energy is a certified solar company and handles everything that are involved in your solar journey including application, permissions, dealing with utility company and other installation processes.

Installation process will take one or two working days. Our team will deliver your solar panels and installation equipments at your home, and install all mounting hardware, wiring, panels, and monitoring devices. We also send our team for regular monitoring and maintenance.

 6.      Inspection and Monitoring:

The last step is an inspection by the local electricity board’s representative. Once you get approval, you can start using the free sunlight for energy production. After moving to solar, keep a record and regularly monitor the performance using installed performance analyzer. Don’t forget to follow the operation and maintenance guidelines for maximum benefits.

 See, how simple it is to go Solar. We are always there to help you.

 Call us now at +1800 1205 55830 (toll-free) or visit our website www.green4lifeenergy.com.

 Ask your questions in comment box, if any.

[insolergy-blog]

Get loans for solar power systems with Insolergy

Insolergy provides loans for solar power systems in India for users looking to access solar power. With a loan for a solar power plant in India, users need not worry about the initial investment of installing the system. A solar loan can make your life much easier as you can access the sun's unlimited energy at an affordable EMI rate.

[rahejavanyagurgaon]

#RAHEJAVANYA #RAHEJAVANYAGURGAON #RAHEJAVANYA99A #DWARKAEXPRESSWAY #DWARKAEXPRESSWAYPROJECTS #DWARKAEXPRESSWAYHOMES #RAHEJANEWLAUNCH #RAHEJANEWPROJECT #RAHEJAVANYARESALE #RAHEJAVANYADWARKAEXPRESSWAY #RAHEJANEWHOMES #RAHEJADWARKAEXPRESSWAY #DWARKAEXPRESSWAYNEWPROJECTS #2BHKBELLOW60LACS #2BHK@60LACS #3BHKBELLOW75LACS #3BHK@75LACS #MYDREAMHOME #NEWHOMEBUYERS #HOMEBUYERS #REALESTATE #GURGAONREALESTATE #2BHKHOMES #3BHKHOMES #4BHKHOMES

  We are Rai Realtors, Authorised Sales Partner of Raheja Developers Ltd. for Raheja Vanya Sector 99A Dwarka Expressway Gurgaon. Call our exclusive Sales Lines for Raheja Vanya Sector 99A Dwarka Expressway Gurgaon +91 9999913391 / +91 9711199708 and we will be happy to assist/guide you right through.

  Raheja Vanya, new project from Raheja Developers in Sector 99A Dwarka Expressway Gurgaon. Raheja Vanya is spread over 12 acres approx. and consists of 2 and 3 BHK premium homes with luxurious specifications. Raheja Vanya is going to become the dream of many who wants to own their own piece of land. However, not many have the good fortune to realise it within their lifetime. Come, and make your dreams come true.

Raheja Vanya is a project situated in sector 99A Gurgaon, a place where you’ll get a chance to meet your childhood memories where there are trees, flowers, breeze, swings, birds & butterflies. Conceptualized by Aedas Limited from Singapore, the world renowned architectural and design powerhouse. One of the Greenest Group Housing Projects of Gurugram, Raheja Vanya is bordering almost infinite (over several lacs acres) of continuous green belt.

  Raheja Vanya consists of 5 Towers namely GULMOHAR (Phase-I), AMALTAAS (Phase-II), PALASH (Phase-III), CHANDAN (Phase-IV), PARIJAAT (Phase-V, Future Development). Gulmohar, Amaltaas & Palash Towers are G+19 story high whereas Chandan Tower is G+34. The project will be launched, constructed, & delivered towerwise/phasewise as per Real Estate Regulatory Act(RERA).

  EXCLUSIVE BENEFITS FOR CUSTOMERS, 1.PAY JUST 10% NOW & REST ON POSSESSION, 2.NO EMI NO INTEREST FOR 4 YEARS, 3.AFTER POSSESSION, 12 MONTHS EMI FREE ( ONLY PRINCIPAL PART), 4.1ST TRANSFER FREE, 5. ONE YEAR MAINTENANCE FREE, 6.GST INPUT CREDIT 5%

  Much-Awaited Premium Homes, Raheja Vanya Sector 99A Dwarka Expressway Gurgaon!!

Conceptualized and designed by Aedas Limited from Singapore!!

Buy now with No-EMI (Subvention Scheme) with limited period exclusive benefits!! Premium Homes with luxury specifications starting 65Lacs!!

Book/Buy with CLP & Subvention scheme, Book with 5Lac, Bank Loan available!!

Best Price!! Better Location!! Book Buy now!!

  Raheja Vanya- Project Option & Pricing:

Type _______ Unit Size _____ Basic Sale Price _______ Registration Amount

2BHK ________ 1252 SqFt ___ 4475/- per SqFt ________ 10% of BSP

2BHK ________ 1395 SqFt ___ 4475/- per SqFt ________ 10% of BSP

3BHK ________ 1511 SqFt ___ 4475/- per SqFt ________ 10% of BSP

3BHK+Store___ 1631 SqFt ___ 4475/- per SqFt ________ 10% of BSP

3BHK+Store___ 1738 SqFt ___ 4475/- per SqFt ________ 10% of BSP

Penthouse____ 2816 SqFt ___ 4475/- per SqFt ________ 10% of BSP

Note 1- Cheque to be drawn in favour of “Raheja Vanya LTFS Escrow Account” payable at New Delhi

All Offers, Prices, Payment Plan, etc. subject to change without prior notice & not valid until confirmed by Raheja Developers.

  Raheja Developers:

Raheja Group, one of India's oldest and reputed real estate business houses, directly employs over 1200 employees. Raheja group of companies came into existence in the year 1990 by Mr. Navin Raheja, the self-made entrepreneur. Since the group has grown exponentially. Not only in real estate development but the company now cover a range of business ventures which include construction, manufacturing, financial services, retail and wholesale.

  Raheja Vanya- Salient Features:

·         3 side open units ensure ample ventilation and natural lights

·         Vast open green spaces and manicured lawns & gardens

·         G + 19 and G + 34 storeyed towers, Diamond shaped buildings

·         For the first time in the history of real estate, a project with a Solar panels

·         Open and Green vs land ratio of almost over 100%

·         Community green seating spaces for morning outdoor tea and news reading with neighbours

·         Swimming Pool,Badminton Court,Tennis Court,Basket Ball Court,Kids Play Area,Cricket Net

·         Gated Township with 24 x 7 security systems and Power-Back Up.

·         Just a comfortable 20 minutes’ drive approx. from IGI Airport.

·         A world class school, hospital and nursing homes shall make you feel completely at ease at the township.

·         State of the art club-house with gymnasium, exotic spa, steam sauna, Jacuzzi, swimming pool, tennis and basketball courts, gymnasium and much more

  For detailed view of the site plan, unit layout, payment plan and many more queries visit the link below. http://www.rairealtors.in/rahejavanya

  You can also download the brochure, floor plan, application form and lot many things from the link bellow

https://app.box.com/v/rahejavanya

  For further information and to know the booking process write to rairealtors@gmail.com or feel free to call on +91 9999913391

    Best Regards

  Sales & Support Team

  Rai RealtorsTM

53, First Floor, Vyapar Kendra, C-Block, Sushant Lok Phase-I, Gurgaon 122002 India

Telephone: +91 124 4217708

  Sales/Support: +91 9999913391 / +91 9711199708 / +91 9899298554

  Web: www.rairealtors.in   Email: info@rairealtors.in   GTalk: rairealtors@gmail.com   Yahoo: rairealtors@ymail.com

  FOLLOW US>> Twitter || Facebook || LinkedIn || Google+ || Tumblr || Pinterest || Foursquare || Flickr || Myspace || YouTube

  CONNECT US>> WhatsApp/ Viber/Google Allo: +91 9999913391 || Skype/Line/WeChat ID: rairealtors

          Disclaimer: We are Rai Realtors, Authorised Channel Partner of Raheja Developers for their new upcoming residential project named Raheja Vanya in Sector 99A Dwarka Expressway Gurgaon. The costing and other offers remain exactly same plus we follow NO-BROKERAGE-COMPLETE GUIDANCE i.e. In-Depth project consultation, Site visit Assistance, Home loan guidance and formalities, booking assistance and on-demand post-sales-assistance and time-to-time-guidance and support. The content provided here are for information purpose only and does not constitute an offer to avail of any service. Prices mentioned are subject to change without prior notice and properties mentioned are subject to availability. We may send regular SMS/Emailer Updates to the mobile number/email id provided to us on this blog/post or registered with us.

[topsolarpanels]

Puerto Rico turns to tech and entrepreneurialism to revitalize the economy

Jim Glade Crunch Network Contributor

Jim Glade is the marketing director at Publicize and a freelance reporter are stationed in Medelln, Colombia. Jim is also a visiting mentor at Parallel1 8.

How to join the network

The commonwealth of Puerto Rico is immersed in more than $70 billion of indebtednes that has been accruing for the better part of a decade. The local governments irresponsible issuance of bonds and government decisions by the U.S. Congress to cut corporate tax breaks have contributed to the current fiscal crisis and subsequent exodus of U.S. companies and Puerto Rican citizens from the island.

To make matters worse, the islands agricultural industry is at a standstill, importing more than 85 percent of its produce. Puerto Ricans also pay two to three times more for electricity than average Americans, due in part to their dependence on oil imports and because the government-owned utility company is beset with billions in debt.

On June 30 , President obama signed the Puerto Rico Oversight, Management and Economic Stability Act( PROMESA ), which creates a committee( consisting of no elected Puerto Rican officials) to oversee the islands finances. Some have blamed the law as a devolution to Americas colonial past.

Former Governor Alejandro Garcia Padilla lobbied heavily for the bills passageway and he acknowledged that the commonwealth has a long way to go to recover financially.

As part of its new economic development scheme, Puerto Rican officials are looking to technology and entrepreneurship to revitalize the economy, attract its bright minds back to the island and solve the sustainability problems bedeviling the commonwealth.

Attracting business back to the island

In 1976, Congress passed Section 936 of the federal taxation code, awarding U.S. corporations a tax exemption from income originating from U.S. provinces. Manufacturers, largely from the pharmaceutical industry, flocked to Puerto Rico to take advantage of these tax breaks.

It was boom hour on the island; until the tax incentives phased out in 2006( Congress therefore voted in 1996 to rescind them ), the island enjoyed 28 out of 29 years of economic growth. Since 2005, Puerto Rico has considered negative growth eight out of 10 years and, just as the automotive industry left Michigan, so too fled Puerto Ricos most prevalent producers pharmaceutical companies in droves.

With the exodus of the big corporations, construction workers soon followed. Puerto Rico has been experiencing a net population loss since 2005 that accelerated in 2010 as the two sides of the strait began to recover from the 2008 recession. According to the Pew Research Center, Puerto Rico had a net population loss to the mainland of 64,000 in 2014, more than doubled the net loss of 26,000 in 2010. Vices Samuel Oakford reported in April of 2015 that for the first time in history, stateside Puerto Ricans 4.9 million outnumber the 3.5 million who remain on the island.

Technology is certainly one of the pillars of our economic growth program .

— Puerto Rico Secretary of Economic Development and Commerce, Alberto Bac Bagu

Puerto Rico is trying to bring back corporations through a series of tax incentives, which have been signed into law since 2008. Two statutes in particular, Act 73( 2008) and Act 20( 2012 ), set a fixed income tax rates of 4 percent for commercial manufacturers and companies exporting services from the island, respectively. A 50 percent tax credit for the investigations and growth activity expenses has also been instituted under Act 73. According to Puerto Rico Secretary of Economic Development and Commerce, Alberto Bac Bagu, 20% of the companies that operate under[ Act 20] are tech oriented and the rest have a tech-related component.

Technology is certainly one of the pillars of our economic growth program, wrote Bac in an email to me. As of today, we have a strong tech cluster with examples like Infosys, a global leader in creating breakthrough solutions who are interested in mobility, sustainability, big data, and cloud computing and Honeywell, with a new EMI( electronic magnetic[ sic] interference) research lab that alone will create 300 jobs.

Bac also mentioned Truenorth, Rock Solid and Fusionworks as examples of a burgeoning corporate IT sector.

Fostering entrepreneurship

To buoy the tech sector, Puerto Rico is trying to reinvent itself as a knowledge-based economy that will compete globally in part by creating a thriving entrepreneurial ecosystem.

The 2012-2013 Global Competitiveness Report from the World Economic Forum ranked Puerto Rico third in the availability of scientists and technologists. According to Lucy Crespo, the CEO of the Puerto Rico Science, Technology and Research Trust, a public-private trust aiming to turn the island into a tech hub by 2020, Puerto Rico graduates 22,000 STEM students and 60 to 70 percentage leave the island.

For many years, our schools and universities prepared our professionals to work for someone else, told Crespo during an interview in the capital, San Juan. So we didnt develop a full ecosystem, we didnt create a culture in which students from the universities supposed, you know, gee, how can I become an entrepreneur?

The trust recently established the Technology Transfer and Commercialization Office to help develop and commercialize intellectual property from the islands universities and provideincome tax breaks for researchers working in their award program.

Bac tells me, While big hitters are important, a new breed of entrepreneurs has prospered, and we have joined forces-out with our diaspora utilizing their knowledge and network reach to farther propel economic growth.

Parallel1 8, a startup accelerator in San Juan backed by the confidence and the government, has reached out beyond the Puerto Rican diaspora, soliciting help from Start-Up Chile founder Sebastian Vidal.

Ducking in and out of a corner office at Parallel1 8 to check on a presentation from a local P& G executive, Vidal told him that he didnt come here to copy what he did in Chile. Start-Up Chile was more about constructing a startup community and the entrepreneurs were tasked with going to universities and being like mentors, told Vidal. Parallel1 8 has those aspects but the focus is more on making an impact with the economy as quickly as possible. He acknowledged that the political and economic system is much different from his homeland and there is a short timeline to create a significant, economic impact.

Also staffed by Puerto Rican entrepreneurs returning from abroad, Parallel1 8 is a five-month accelerator program for companies from around the world and from the island that offers $40,000 equity-free funding with a chance for follow-on funding if qualified alumni decide to establish their company in Puerto Rico. In exchange, entrepreneurs engage with local university students to help foster a culture of entrepreneurialism.

We are creative, hard-working, have great mobility to the U.S. and the world, and are ready to tackle problems and scale outside of the traditional corporate career track .

— 16 -year-old entrepreneur Jos Nolla-Marrero

The program is already starting to bear fruit. Of its first cohort of 36 startups, seven international startups have stayed to continue their businesses from Puerto Rico and 12 local startups are up and running, according to Marie Custodio, spokesperson for Parallel1 8.

Other startup initiatives include Piloto 151, a co-working space in the colorful Old San Juan district that has partnered with the Founder Institute; ConPRometidos, a social impact incubator and consulting firm; Grupo Guayacan, which since 1996 has been working to develop a private equity and entrepreneurial ecosystem on the island; and PRANS, their home communities of business leaders from different sectors that donate time to help potential investors evaluate and put in investment projects.

Parallel1 8 is being used as a vetting source to assist bring quality companies to the attention of local and international VCs to create a deal flowing a main challenge for the ecosystem.

In general, capital is frozen because of the uncertainty surrounding the[ islands] fiscal issues, tells Kenneth Kay, an angel investor and founder of the Puerto Rico Capital Network.Despite the challenging surrounding, I am optimistic that a vibrant startup scene is possible in Puerto Rico.

Kay points to recent tax legislation favorable to venture capitalists, especially an amendment to allow software as a service( SaaS) companies the fixed income tax rate of 4 percent under Act 73 and Act 185, which provides taxation incentives for private equity monies, as moves to help attract investors to the ecosystem.

The government estimates that 790 Act 20 decrees will have been granted by the end of 2016, with 423 projected to have been granted in 2016 alone a sign that this program could be gaining steam among investors.

Sustainability and the future

In August, several Puerto Rican business associations sued the public utility PREPA for proposed electricity rate hikes on an island where its citizens are already paying two to three times more for energy than average Americans. The strongest factor for the islands high energy costs is that four-fifths of energy used in Puerto Rico comes from petroleum and the island neither makes nor refines crude oil it imports all of it, according to the U.S. Energy Information Administration.

Sustainable energy is key to Puerto Ricos future, Puerto Rico expert and journalist Juan Gonzlez told a crowd at New York University in 2015, the same year the island began to comply with a Renewable Energy Portfolio Standard that forces PREPA to supply 20% of retail energy marketings from eligible green energy resources by 2035.

In September, energization began at the largest solar farm in the Caribbean located on Puerto Ricos northwest coast, and local startups are also taking on the toughest energy issues.

Energy rates arent the only sustainability woes on the island .

For example, San Juan-based TEBS( short for Traffic Energy Bar System) has patented a system that captures kinetic energy from autoes passing over such mechanisms implanted in roadways and converts it into electrical energy to power nearby street lamps. And Sunne Cleantech Labs, a company that creates solar energy products, recently announced pre-sales of its Sunne Heater, a patent-pending solar water heater.

Energy rates arent the only sustainability woes on the island. In 2015, Puerto Rico imported more than 85 percent of its produce and Puerto Rican-grown rice went on sale in August for the first time since 1989.

The government has taken steps to boost agriculture, including a $ 4 million investment to help a local university improve soil conditions. But perhaps more promising is that local entrepreneurs are stepping up to tackle the issue.

UAV-IQ use dronings to scout acres and acres of growing area, using multispectral sensors so farmers have better insights into their harvests, and eFARM, a social media-inspired e-commerce platform, connects Puerto Ricos organic farmers immediately to customers on the island and around the world.

In an email interview, 16 -year old eFARM founder Jos Nolla-Marrero told me he “ve noticed that” observing organic and sustained foods was very difficult and expensive in Puerto Rico and[ I] envisaged an app to help find the farms, their products and scheme a route to them.

Nolla-Marrero represents the next-generation Puerto Rican professional that the government is trying to cultivate: The entrepreneur.

I believe we are adopting an entrepreneurial mindset already, wrote Nolla-Marrero. We are creative, hard-working, have great mobility to the US and the world, and are ready to tackle both problems and scale outside of the traditional corporate career path.

The enthusiasm in our generation is palpable and contagious. I feel steps have been made and its a track many wishes to take but may not have had the level of support ensure these days.

Read more:

The post Puerto Rico turns to tech and entrepreneurialism to revitalize the economy appeared first on Top Rated Solar Panels.

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[thehansindia]

Telangana Govt plans EMI scheme for rooftop solar system http://dlvr.it/NVry3n