Soon, house owners in Chandigarh can get rooftop solar plants installed without shelling out a single penny. The UT administration is set to roll out the Renewable Energy Service Company (RESCO) model, under which a private firm will be responsible for developing, installing, financing and operating the rooftop solar power plant.
While consumers (house owners) won’t be charged for installation, RESCO will own the rooftop solar plants for 15 years, after which the ownership will be transferred to the consumer. During the 15-year period, the consumer will be entitled to electricity at ₹1.5 less than the normal rate per unit.
Also, the surplus power generated, after consumption at the house, will be transferred to the grid and paid for by the department. The revenue generated from the sale of electricity to the department will be shared by RESCO and consumer.
