
Solar Projects A Ray Of Hope To Curb Electricity Budgets
172.5-kW and today, their annual electricity expenses for common amenities in the complex have dropped from Rs62 lakh to just Rs13.5 lakh — almost a fifth of costs — thanks to the switch to solar.
Tired of too many ads? go ad free now
This reduced expenditure even includes the Rs7 lakh used for operating their society's sewage treatment plant (STP), which now runs on a green meter (providing subsidized govt charges for power).
Society chairman Manoj Shinkar told TOI, "Initially, we had installed a 30-kW solar plant in 2018, and the investment was recovered in just two years as we also received govt subsidy on it. Encouraged by the savings, we expanded the project gradually in four different phases and reached 172.5-kW by 2023."
Park Royale is one of the housing societies in Pune and Pimpri Chinchwad that are choosing to significantly cut down on electricity costs by switching to solar power.
By installing rooftop solar systems, many societies have managed to power all their common area facilities—lifts, water pumps, and lighting—entirely through solar energy.
Members of such societies say the move has led to substantial savings, amounting to lakhs of rupees annually, allowing them to reduce monthly maintenance charges for residents.
Shinkar echoed that the benefits get passed on to flat owners. "Earlier, we charged Rs3 per sqft as maintenance. This has reduced to Rs2.5 per sqft—one of the lowest maintenance charges by any housing society in Wakad and nearby areas," he said.
The entire solar setup cost the society Rs95 lakh by 2023, and the agency will handle maintenance for the next five years after each installation at no extra cost as per the agreement.
Tired of too many ads? go ad free now
With money saved on power bills, the society has also invested in other infrastructure upgrades, including a Rs15 lakh waste composting plant. Additionally, all common areas are now equipped with energy-efficient LED lighting to further reduce power consumption.
Another such example is the La Melosa Housing Society — also in Wakad — which has 234 flats. The society installed a 76-kW solar system in March this year.
Society chairman Jasbir Singh said, "Over the last two months, our common electricity bill dropped from an average of Rs2-Rs2.4 lakh per month to just Rs3,500 per month. The difference is staggering."
Singh said the installation agency estimated annual savings of Rs18 lakh, considering that power generation from solar systems usually reduces during the monsoon season and one may need to pay more towards electricity bills during that period."We
spent Rs35 lakh on the project after receiving govt subsidy and expect to recover this cost in two years," he added.
The society financed the project internally and plans to reduce the monthly maintenance fee once the investment is recovered.
"For any housing society, electricity and water are the major expenses covered under maintenance. If we manage these efficiently, the overall cost for residents can be brought down significantly.
That's why every society should consider installing solar systems," Singh said.
Besides large complexes, many smaller residential establishments are also adopting solar energy, such as the Bhagyashree Apartments in Pune's Kothrud.
The 10-flat residential building was recently recognized and felicitated by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) as the first fully solar-powered residential apartment in the entire district.
The society had initially installed an 11-kW solar system two years ago to power common amenities. Encouraged by the savings and efficiency, residents decided to extend solar power usage to all individual flats. Accordingly, in Jan this year, they added another 19-kW system, including -1-kW system for four flats, 2-kW for three flats and 3-kW for the remaining three flats, making the entire building solar powered.
Mandar Deshmukh, a resident here, said, "Earlier, the monthly electricity bill for my individual flat was around Rs2,000. Since switching to solar, it has dropped to zero." The building now has a total of 30-kW rooftop solar capacity, which meets the entire electricity demand of all 10 flats and common areas, making it a model for sustainable residential living.
Solar agencies confirmed that they are getting increased inquiries from housing societies — but added that many hesitate to install it due to shortage of funds.
On average, it costs around Rs25 lakh to install a 50-kW solar project. "However, housing societies can also opt for OPEX (operating expense model), under which the third-party vendor owns, installs, operates and maintains the solar system, and the housing society only pays for their consumption, with fixed and reduced rates compared to normal electricity charges charged by MSEDCL," a solar agency operator said, adding that the vendor and societies make an agreement for a fixed period after which the complete set-up is given to the housing society for free.
The operator said, "If societies want to fund the project on their own, agencies also help them get a subsidy of Rs18,000 per kW from state govt."
There has been a surge in demand from residential properties for solar system installation in the last one-and-a-half years, particularly after govt launched the 'PM Surya Ghar-Muft Bijli Yojana', said SunGet Solar Infra owner Dipak Kotkar.
Under this scheme, consumers with individual flats or houses are provided financial assistance of Rs30,000 per kW project (which for society complexes is Rs18,000 per kW).
"We had to increase our manpower after this scheme was launched as it has received a very good response. There is a need to simplify the process so that more people can apply for it," Kotkar told TOI.
"For instance, the govt online portal keeps getting upgraded, so data of earlier applications is lost and needs to be constantly refilled. Further, there are no dedicated offline govt centres for troubleshooting glitches, only call centres," he elaborated.
Confirming the reaction to the scheme, Sunil Kakde, chief engineer of MSEDCL Pune zone, said, "There has been a good response to the PM Surya Ghar-Muft Bijli Yojana from housing societies as well as individual households. Residents are widely utilizing the scheme mainly to power common facilities, such as water pumps and lifts, using solar energy. Govt provides 18,000 per kW subsidy to projects at housing societies up to 500-kW capacity.
"

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 hours ago
- Time of India
Govt plans minimum import price for key pharma inputs
Representational Image NEW DELHI: As geopolitics disrupts global trade, govt is planning to impose a minimum import price (MIP) on key pharmaceutical raw materials to protect the domestic industry and secure supply chains. This step is meant to shield the domestic pharma industry from a surge of cheap Chinese imports that local manufacturers claim are hurting them. MIP is a tool in addition to customs duty, often used to make imports expensive. For instance, in case of apples, govt imposes MIP and then levies customs duty on it. The move could cover around 10 key raw materials (drug intermediates and active pharmaceutical ingredients), including those for antibiotics and anti-cholesterol therapies, imported from China, sources told TOI. Significantly, the raw materials selected for this exercise are part of the 41 critical components identified under the govt's Product-linked Incentive (PLI) scheme introduced to boost domestic manufacturing capabilities and reduce import dependence. Move may cover 10 raw materials Even in case of mobile handsets, covered under PLI, govt had offered protection to let domestic manufacturing stabilise. Discussions between the pharmaceutical industry and govt have been underway and a final decision is expected soon, sources added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Industry experts point out that "since the announcement of the PLI scheme, China has further slashed prices of key raw materials, particularly over the last couple of years. Hence, due to predatory pricing, certain imports are significantly lower than initially expected. This is creating significant competitive pressure on domestic companies. Govt should assess on a case-by-case basis and decide where the MIP should be imposed. " The proposed MIP, however, has led to a debate among the manufacturers of finished formulations. "If we have to pay more for buying raw materials and intermediates, our production costs will rise," said a leading pharmaceutical player, expressing concern over potential cost pressures. Last year, govt had imposed an MIP on soda ash, among the first such moves in several years. Soda ash is the basic raw material in soaps and detergents, glass manufacturing, and certain chemicals. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
8 hours ago
- Time of India
Lights, camera, ‘I do'... Plan to make Delhi global hub for destination weddings, events
New Delhi: Aiming to turn the city into a hub for entertainment and destination weddings, Delhi govt plans to simplify the permission processes for hosting events at historical and cultural heritage sites. Minister Kapil Mishra Tuesday told TOI Delhi has several lesser-known heritage monuments that govt may open for holding functions like book launches and cultural events. "About 70-80 monuments can be effectively used for hosting cultural and private events," he said, adding, "It must be ensured the event doesn't damage the sites." The monuments include Mutiny Memorial at Northern Ridge, Dara Shikoh Library Building at Kashmere Gate, Maqbara Paik opposite GTK bus depot, the tomb at Sadhana Enclave, the pavilions (baradari) at Qudsia Garden, Vasant Vihar and Sadhana Enclave, Ghalib Haveli at Ballimaran, Chandni Chowk, and Bara Lao ka Gumbad. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi Mishra said officials have been instructed to form a policy to make Delhi a hub of destination weddings. A senior official said Delhi has several farmhouses, hotels and banquets that make it a sought-after destination. "We want to make the permission process simpler, including for people who do wedding photography at historical places," he said. Another meeting will soon take place, in which the department will outline plans to streamline permissions, enhance infrastructure and ensure venue availability, he added. "Promoting Delhi's rich heritage sites and luxury hotels through global tourism campaigns will attract international clientele. Incentives for wedding planners, local artisans and hospitality services can boost industry participation. Improving public transport, safety and cleanliness around popular wedding spots is crucial," he said. Mishra said the officials have been directed to design a comprehensive framework under PPP to firmly position Delhi as a global event hub. The minister recently held a meeting with industry representatives, after which the decision to strengthen the city's event industry was taken. One of the proposals discussed was the launch of a digital single-window clearance system, which would enable event organisers to quickly obtain permits and licences from a single platform, he said. "Discussions covered multi-platform sponsorship models, strategic capital subsidy schemes, and financial and marketing support to promote the MICE sector," he said. While GST relaxations were suggested at the meeting, concerns were raised about the exorbitant venue rental rates in Delhi, with professionals pointing out that organisers are often charged unreasonable fees. "Govt will ensure a transparent and fair system for venue allocations," said Mishra. Participants also stressed the urgent need for Delhi to develop its own international-standard convention centre. They also suggested utilising vacant govt lands and public spaces for events. Officials from the department of art, culture and language proposed that govt-sponsored events in Delhi should be featured on commercial platforms to enhance visibility and engagement. "I will personally bring all industry concerns to CM's attention. It's time Delhi emerges not just as a historical and political capital, but also as a global event hub," Mishra said.


Time of India
15 hours ago
- Time of India
Neeraj Chopra becomes brand powerhouse: Brand value soars to $30 million; non-cricket endorsements gain ground
Neeraj Chopra (TOI) India's golden boy, Olympic champion Neeraj Chopra is lifting India's non-cricket endorsement scene after his recent victory at the 2025 Paris Diamond League and with the launch of the Neeraj Chopra Classic, India's first global javelin event, according to ET. The competition, held on July 5 at Bengaluru's Sree Kanteerava Stadium, featured some of javelin's top international athletes and attracted major sponsors like Visa, Audi India, Duolingo English Test, and Snapchat. Chopra's growing influence in the endorsements space is reflective of a larger shift in the country's sport sponsorship and marketing landscape. He along with likes of badminton ace PV Sindhu and shooting star Mannu Bhakar is driving the focus of endorsements circles beyond just cricket. Emerging sports accounted for 14% of India's ₹1,224 crore sports endorsement market in the year 2024, a jump of 46 percent, which industry experts attribute to the rising influence of athletes like Neeraj Chopra, reported the financial daily. With the leading brands both national and international making a beeline for the javelin star, Chopra's personal brand value is estimated to be around $30 million according to Kroll analysis quoted in the report. With that staggering figure he is placed just behind the leading cricketers of the country. His brand roster now includes some 20 big names, including the brands like Tata AIA, Audi India, Visa, Krafton and Under Armour. Chief commercial office of JSW sports, which manages Chopra's brand engagements, said their emphasis has consistently been on making selective choices. "Over the last fiscal year, we've seen a clear and strategic evolution in Neeraj's brand portfolio. The mandate from the very beginning has been to be focused, deliberate, and selective," Karan Yadav, chief commercial officer at JSW was quoted as saying. "Instead of maximising volume, our goal has been to align with brands that resonate with Neeraj's personality, values, and passions." One instance is Chopra's recent partnership with Audi India."Neeraj's authentic passion for automobiles made Audi a natural partner. The alignment was so strong that the collaboration became a seamless extension of Neeraj's identity," Yadav explains. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now