In a recent order, the National Green Tribunal's Southern Bench emphasised the importance of obtaining essential environmental clearances (ECs) before beginning building projects.
The following requirements must be followed under Rule 110 of the Tamilnadu Legislative Assembly in order to promote green energy and environmental sustainability
Guidelines for Environmental Clearance
LED/Solar illumination must be used in all communal areas - At least 1% of the linked applied load must be generated from renewable energy sources like solar cells, wind turbines, or hybrids.
Solar water heaters with a minimum capacity of 100 litres per person (25 litres per capita) are required by the Ministry of New and Renewable Energy.
What are the Guidelines for completion certificate?
A third of the total terrace area will be set aside for the installation of solar photovoltaic panels.
For generating 1 KW of power, approximately 10 sq.mt of space is required for building Solar Voltaic Panels.
Which Buildings are the Guidelines Mandatory for?
All buildings that fall under the category of Group Development and Multi-Story Building must use grid-connected solar energy
How Strict are the Guidelines?
The CMDA's Enforcement Cell will inspect all HRB, NHRB, and public building locations, according to a press release released on August 31, 2021.
Any breach of the Tamil Nadu Town & Country Planning Act. 1971 relating to the non-provision of Solar Voltaic Panel systems, whether in terms of installation or effective use, would be taken severely and may result in enforcement action.
Why should you offer Solar Homes?
Solar panels on newly constructed homes can help a homebuilder in a variety of ways:
Appreciated Value
Homeowners are ready to pay a premium for a home with an average-sized hosted solar array, according to a study.
Tapping Sustainability - Conscious Buyers
Your solar-ready roofs may attract the attention of environmentally minded buyers.
Competitive advantage
Including solar panels in new built homes could give you a competitive edge and comply with governmental regulations.
Financial Perks
Installed solar systems are eligible for up to 40% Accelerated Depreciation in the first year, 40% in the second year, and 20% in the third year.
The 40 percent depreciation in the first year is conditional on the project being completed in the first half of the financial year; otherwise, 20 percent depreciation will be allowed in the first year and the rest in the second.
With accelerated depreciation and a corporation tax rate of 33%, we will be able to recoup 33% of the total project cost in the first three years as a tax savings. This can assist save money on solar installation, which is a legal obligation.
Solar can already produce power for a fraction of the cost of EB electricity. It would be preferable to use this as a business strategy to optimise solar installation and obtain attractive profits while saving the environment.
Electricity prices in LT for common metres are roughly Rs. 6.55 per unit. A business idea in which your respected self partly/wholly owns the plant with the project's affiliation, charging clients a bit less than EB pricing rather than charging maintenance fees.
