Solar Power Plant

Netmetering is also known as Net Energy Metering (NEM). It is a popular electricity billing mechanism in India that levies charges only for the electricity consumed (net) and compensates for the idle units. The concept allows the individual and commercial consumers, who produce their energy, to sell the excess power produced to the grid, at the retail price. The solar net metering mechanism was first introduced in 1995 from where it gained popularity and has been evolving thereafter. How does it work? The net metering system allows the owner to leverage the excess solar energy produced to generate a potential revenue stream. Typically, solar rooftop solutions produce more energy than required by the owner during the daytime. In such a case, net metering allows the owner to sell the excess units (kWh) produced to the grid at a market price. To account for the ‘net’ usage, the meter is set to run backward. It offers credit for electricity consumed at night or in cases where the...

Resco Model | CleanMax Solar energy is a viable solution for the future. However, while opting for a solar solution , the type of business model should be selected with extreme caution. The choice of the model impacts the earning capacity and the overall risk of the solar plant installation . Typically, there are two prime types of solar solutions – CAPEX (capital expenditure model) and RESCO (renewable energy services company). Each has its advantages. Particularly, the RESCO model is highly popular, given its flexibility and other benefits. About RESCO RESCO model is a type of solar solution which involves the roof owner and the investor. In this, the RESCO company or the project developer owns the solar model and support finance, installation, operation, and maintenance of the plant. On the other hand, the roof owner does not contribute any investment and only pays for the electricity consumed at an agreed tariff and tenure. Some key features of this solar mode...