The UT administration is all set to introduce the Renewable Energy Service Company Model (Resco) model in the city to tap solar energy on private residential houses.
Under the model, the UT will rope in private companies to install solar plants atop houses. In return, the building owner will be charged lesser tariff for the solar-produced electricity as compared to normal electricity. The building owner and company will sign an agreement.
The plant will be installed under net metering mode in which a solar power system is connected to the electrical connection of the building owner and solar energy exported to the grid is adjusted in terms of units imported from the electricity department in a billing cycle.
For the surplus solar energy transferred to the electricity grid, the department will pay the company the tariff fixed by Joint Electricity Regulatory Commission (JERC).