The decision to install a solar system is a big one for individual homeowners; now, we can only imagine how big of a decision it would be for a housing society.
There’s so much in terms of society development that can be done using the funds that residents pay every month as maintenance fees – making playgrounds or amping up the security, so why install a solar system?
Your solar power housing society’s committee might have been persuading you to look at the long-term benefits of going solar, but we will make you look at more!
If you have been in a dilemma about whether or not to back up your solar power for housing society committee's decision to go solar, this guide on things to know before going solar will be an eye-opener. Dive in!
4 Things that you should know before installing solar in your housing society
1. The corpus spent upfront will reduce the monthly CAM charges you pay
Residents pay maintenance charges every month - it’s corpus. Over a period of time, that Corpus amounts to crores and the purpose of having those funds is that the solar power housing committee can invest that money for the betterment of society.
Having a playground or a gym or a pool area won’t give you the kind of monetary returns that having a solar system will. How? When the solar system will generate power for the common areas of the building, the electricity bill for all common areas will reduce.
Which means, the common area maintenance charges you have to pay every month will be reduced. And the money that will be further collected, because electricity for common areas will come from solar, can then be used to invest in other amenities. Profitable deal, isn’t it?
2. The sales value of your apartment will increase manifolds
Electricity is one of the major expenses of modern times. It will only increase. In such a case, when a society generates free electricity for common areas, it boosts the sales value of the property.
A prospective buyer or tenant knows they will have to pay a lot less for common area electricity bills and that is the USP of a housing society that has a solar system.
This is why your society’s solar power housing committee has been asking you to look at the long-term benefits.
And what about the fact that you’ll be the planet’s hero, an example for others? You won’t be the culprit behind global warming and that’s again a big plus of having a solar system generate electricity; solar power is clean.
3. There’s still an option to avail of a subsidy
One of the reasons why your society’s solar power housing committee has been trying to make you understand the urgency of the situation is that the government is providing a subsidy for the installation of on-grid solar systems; this subsidy won’t last forever.
Small housing societies currently get a subsidy of 20% for solar systems up to 500 KW. Hence, this is the best time to invest in solar.
4. Reduction in your monthly electricity bills
Yes, the electricity bill for the common areas reduces because lifts, floor lights, parking lot lights, and electricity for all other common areas come from solar. So, how does it lower your personal electricity bill?
Well, here’s the thing: when there’s a solar system installed on the rooftop, the building remains a lot cooler during summer. Which means you’ll need a lot less electricity for cooling your apartment.
As a result, your personal electricity bill will also come down drastically.
Now that you know why your society’s solar power housing committee was urging all the residents to give their approval for the installation of a rooftop solar system, it’s time that we walk you through some interesting facts about going solar and possibly, bust some myths.
Interesting facts about solar that your society’s solar power housing committee never told you
Solar power is clean, that much you know. But there’s a lot more that we have to share.
One of the biggest blockers that put a solar power housing committee on the back foot is that a lot of people think that solar systems do not generate electricity during the rainy season or when it gets cloudy. But, that’s not true, it’s just a dangerous rumor.
Solar PV panels do not use heat to generate electricity, they use light. As long as there’s sunlight, the panels will produce electricity. Undoubtedly, the production will be a little less than what it usually is on a bright sunny day, but there will still be electricity generation.
The next very important thing that your society’s solar power housing committee might not have been able to convince you about is that the choice of installation company will matter a lot.
After all, the modules in the market and the inverters will be the same – so why so much fuss about solar installation companies and choosing one very carefully? We’ll tell you why. Have a look.
- Only very elite legacy companies value their customers. They strive to make the customer experience delightful.
- Only selective companies in India use prefabricated mounting structures that are strong enough to handle wind speeds as high as 150 kmph.
- Even fewer will offer easy financing options such as quick loan approval or zero-cost EMIs.
- AMC services are another factor that segregates one solar vendor from the other.
Since it’s the money of the residents that the society’s solar power housing committee is planning to use, it’s very important to choose a vendor that offers professional, head-ache free installation and offers post-installation maintenance services too.
Conclusion
Installing a solar system to fulfill the common areas’ electricity needs for the entire housing society is the best investment that one can make. Whether it’s offsetting carbon emissions, protecting the environment, reducing the common area electricity bills, reducing personal electricity bills, or increasing the sales value of every single apartment in the building, a solar system offers it all.
So, the next time your society’s solar power housing committee brings up the topic of having a rooftop solar system, agree to it, and maybe convince others about the same benefits that you know now.
