In the world of investments, there’s a shining star that’s often overlooked – solar energy. Specifically, the investment in a 100kW solar rooftop system. With a burgeoning awareness of renewable energy’s importance and the financial benefits it brings, it’s time to delve into why this investment is not just good for the planet, but also your wallet.
The Financial Breakdown: A Look at the Numbers
Let’s talk numbers because, in the end, that’s what counts. An investment of ₹43 lakhs in a 100kW solar rooftop system might seem steep at first glance. But let’s break it down:
1. Daily and Monthly Generation: This system can generate approximately 400 units of electricity per day, summing up to about 12,000 units per month.
2. Tariff Benefits: With a tariff rate of ₹8.45 per unit, the math is simple yet impressive.
3. Monthly and Annual Savings: You’re looking at savings of ₹1.01 lakhs per month, which translates to a whopping ₹12.16 lakhs per year.
The Magic of Depreciation
One of the most attractive aspects of this investment is the 100% depreciation benefit you can claim over three years. This not only provides significant tax advantages but also accelerates the return on investment.
Payback Period: Quicker Than You Think
With these figures in hand, the payback period is less than three years. In the world of investments, a return this quick is a rarity, especially when it’s coupled with the added benefit of contributing positively to the environment.
Is There a Better Investment?
When comparing this to traditional investment avenues, the question arises – is there any investment better than this? Fixed deposits, stocks, or real estate often don’t offer the same combination of financial return, environmental impact, and tax benefits.
Beyond Numbers: The Green Impact
Investing in a solar rooftop goes beyond just financial returns. It’s about making a tangible impact on the environment. By choosing solar energy, you’re reducing carbon emissions and contributing to a cleaner, greener planet. This investment isn’t just in your financial future but in the future of the next generations.
Conclusion
In conclusion, a 100kW solar rooftop investment offers an impressive return on investment, significant savings, and a positive environmental impact. It’s a win-win situation where you benefit, your community benefits, and the planet benefits. In the current financial landscape, it’s hard to find an investment that ticks all these boxes. So, if you’re looking for a smart investment move, look no further than the rooftop above you – it’s not just a roof, it’s a goldmine of opportunity.