Mumbai: Firms woo residents to solar panels with subsidy, bill savings
MUMBAI: Now, you can get huge savings in monthly electricity bills as BEST in the island city, Adani Electricity in the suburbs and Tata Power across Mumbai on Monday announced up to 40% subsidy on installing solar panels on building rooftops.
The installations will also reduce power bills. The subsidy is an initiative under the ministry of new and renewable energy at the Centre. Other firms such as MSEDCL, which covers Thane and Navi Mumbai, will announce a similar subsidy soon.
Residential consumers can opt for a minimum 1 kilowatts peak (kWp) solar panel, which will generate 1,400-1,500 units annually.
