SolarTown’s Residential Solar Rooftop System to Generate Rs 4 Lakh in Electricity Savings
SolarTown Energy Solutions Pvt. Ltd, a pioneer in India’s solar industry specializing in the sale, lease, and installation of solar rooftop systems for residential, commercial, and industrial customers, has announced the installation of a solar rooftop system on a 2,400 square foot multi-level residential property in Hyderabad that is estimated to save the homeowner about Rs 4 lakh over the 20-year lease period. The solar system is part of a first-of-its-kind residential lease programme in India by SolarTown with zero up-front costs and fixed monthly rates lower than DISCOMs, shielding homeowners against increasing electricity prices, with a 17 per cent savings starting on day one. The 6 kW rooftop system offsets a major portion of the customer’s energy consumption.
The solar rooftop system consists of 24 solar modules and one 6 kW inverter, capable of powering all loads in the house including air conditioning and water pumps. Though it utilizes the entire roof of the residence, the unique racking system used for the installation elevates the solar panels, creating a canopy that stands 10 metre above the roof, freeing valuable roof space for other uses. “Until now, residential solar was believed to be economical only when coupled with subsidies. With this lease model, we are making solar an affordable and practical option for residential customers across India,” said Vikram Dileepan, CEO and co-founder of SolarTown.
SolarTown’s new innovative financial options make rooftop solar a viable, affordable alternative to rising and unpredictable electricity prices.