According to reports, Tamil Nadu Energy Development Agency (TEDA), which is the nodal agency for solar power production and panel installation, has approved six agencies in Madurai, which can be approached for the solar power panel installation. Both the central and state governments have been providing support and subsidy for solar panel installations in residential as well as commercial institutions. These agencies would install the panels on receipt of payment from the customers. The customers need to pay only the remaining amount from the original price after 30% subsidy from the Central government and Rs 20,000 subsidy from the state government, said R Anand, director of Ren Solar Energy Solutions Private Limited.
Dr M Srinivasan of A R Solar Energy Private Limited in K K Nagar said, “We would calculate the energy requirement of the building and based on which the required capacity of solar panel would be suggested.”
A minimum of one KW should be installed to get subsidy from the governments. The one KW panel would be capable of supplying electricity needs to operate even a water pumping motor. The power produced from the panel would be enough meet the requirement of a household throughout the day, whereas the saved energy in the battery would be enough to utilise it for four hours in the night. The original cost for installing one KW panel would be around Rs 2.2 lakh. The customer will have to pay around Rs 1.1 lakh after the government subsidies. The solar panels can produce up to 60% of its capacity even during rainy and cloudy days. Although solar panel installation is profitable in the long run very less number of people are approaching for the installation due to lack of awareness, he said.