It was recently announced that India will build the world's largest solar power plant in the near future. The country is already a pioneer in wind energy production, and the solar energy industry is firmly established here and is predicted to develop at the speed of light in the coming years.
Consider installing a solar power system in your home to reduce your monthly energy bills. Households, farmers and businesses with high electricity bills can save tens of thousands of rupees by using right-sized solar power systems. However, customers have to be prepared for the initial cost of installing solar panels in India. The initial investment for solar power generation includes solar power components, solar panel mounting modules, and labor costs.
Homes that can take full advantage of solar power can recoup the cost of installing a solar power system in six to eight years. The payback period for a solar power system depends on your electricity bill, the size of your home, and your payment method.
Is Solar Energy Really Beneficial?
The goal of using solar power to solve the current energy crisis is justified. But when expanded indiscriminately, another side of solar energy emerges. Although solar power is clearly a necessary energy source for the future, it has fatal flaws and negative impacts on the environment.
Furthermore, with the energy crisis and the move away from nuclear power, its flaws are becoming increasingly obvious. Increased demand, the need for increased demand due to the impact of solar energy on demand, short-term frequency changes, and regional power issues are all recent trends that support key concerns regarding renewable energy integration.
Transformation of India's energy system can be supported by shifting energy demand from passive consumption to more active involvement of demand sectors. By unintentionally changing irrigation loads, agricultural users already play an important role in balancing electricity supply and demand. Moreover, in most residential areas, supply lines are insufficient or do not meet the needs. As a result, electricity bills are very expensive and many cities are experiencing significant load shedding. The average citizen cannot afford high electricity prices that continue to rise as demand increases and supply decreases.
In such an environment, installing solar panels seems to be the only solution to these problems. This concept is definitely possible as there are so many sunny days in this region.
Off-Grid System Initiatives for Apartment Complexes
The solar panel cost in India averages from 80,000 to 160,000 rupees (1-2KW) including battery. On the other hand, the installation of solar modules on residential roofs is subject to a 30 percent government subsidy. Accelerated depreciation of up to 80% is also allowed as per the requirements of the Income Tax Act.
However, if more kilowatts are needed, costs can increase. For example, a 10 KW system costs around Rs 7,00,000. On the other hand, a 10kW grid-tied system can cost around Rs 4,50,000, compared to the cheapest 1kW system that costs between Rs 65,000 and Rs 75,000, depending on the quality of the solar panels and inverter used.
However, if you want a high-quality solar panel system from a name brand, contact Bluebird Solar. Bluebird Solar offers a wide range of solar panels and batteries at the most affordable prices.
Calculating solar panel savings against real estate prices in India
- Check your electricity bill
Solar panels are commonly mounted on roofs and use solar energy to generate clean electricity. Homes and businesses can rely on solar energy for most of their daytime electricity needs. As a result, installing a solar power system reduces the consumption of electricity from the grid and can offset, if not eliminate, a significant portion of your monthly electricity bill.
The higher the electricity bill, the greater the economic benefits of installing a home solar power system. Keep in mind that electricity prices and electricity consumption, which are the main determinants of electricity prices, fluctuate.
The savings you can expect from installing solar panels in India may vary depending on fluctuations in power company electricity prices. Changes in energy consumption also affect savings.
- Assess sunlight exposure
More sunlight means more energy production. Installing solar power increases your home's potential for savings. In many states of India, the peak sunshine hours are between 3 and 5 hours. During the summer, India experiences the longest daylight hours and the longest daylight hours. The average sunshine hours in your area is an important factor in determining how much solar energy you can get from your solar power system in India.
The energy yield of a photovoltaic system depends not only on the amount of incident sunlight, but also on other factors. These are the type of roof, orientation to the sun and shade. Installing highly efficient solar modules allows you to continue operating despite unfavorable conditions.
- Estimate and compare the cost of solar panels in India
The majority of the cost of installing solar panels on your home comes from purchasing the solar panels and other related components. Minimizing the long-term costs of maintaining your solar power system can offset the high initial investment. Modern solar power systems are designed to last 25 years and require little cleaning or maintenance. Little change in solar energy output is observed over the life of the system. When calculating the total price of a solar panel installation, determine the average energy required per day. Pay attention to the energy consumption information on your monthly electricity bill. Therefore, choose the size of your solar system that has the power capacity to meet your daily energy needs.
All Bluebird Solar products come with a long warranty. With a 25-year warranty, the solar panel will easily work at full capacity for 5-6 years. So, if you are planning to invest in a solar power system, don't forget to get a free quote from Bluebird Solar.
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