Electricity bills are maddeningly high, with no hope to reduce – says who?
Yes, the first part of it is true, but having solar panels on roof is the ultimate solution to end all your worries.
A solar system essentially uses sunlight to make free electricity – you heard us just fine!
Solar panels on roof capture sunlight and churn it into direct current (DC). It’s the solar inverter that converts the DC electricity into AC power to run household appliances.
Isn’t it amazing that sunlight – that’s in abundance – can actually pay your electricity bills?
If you’d like to learn more about rooftop solar panels and their benefits, you’ve just hit a goldmine of a guide. Click here https://www.solarsquare.in/homes to know more
How do rooftop solar panels work?
It might sound complicated but the working of solar panels is quite easy to understand.
Solar panels on roof use sunlight as fuel to produce electricity. Let’s break down the working into simpler steps for you:
- Solar panels (also known as solar modules) are made up of solar cells. Solar cells capture sunlight.
- When photons in the sunlight power up the solar cells, electrons in the cells get loose.
- It’s the movement of these electrons that causes the current to flow.
The current that’s produced initially is in the form of DC power. FYI, household appliances cannot run on DC power, they require AC current to function; hence, enters a solar inverter.
A solar inverter converts the DC power from the panels into AC power. And voila, you get free electricity to run your home.
What are the most noteworthy benefits of having solar panels on roof?
You don’t have to blindly believe us when we say that solar panels are worth every penny spent.
We have listed down some benefits of having them produce electricity for you. Weigh those benefits and then decide for yourself!
1. You get electricity for FREE
What is the electricity tariff/unit in your state? We’re sure that it’s no less than Rs. 8/unit. Even if you require just 500 units of electricity, you will still have to pay a bill of Rs. 4000.
Now, if solar panels are producing electricity for you, it’s actually free. The sun doesn’t charge a penny.
A single KW solar system can produce up to 4 units of electricity daily, i.e., 120 units/month on average.
If you install a 4 KW solar system, you will have approximately 480 units of electricity from the Sun.
The bill that was earlier Rs. 4000 would now be just Rs. 160. How? You’ll have to pay the discom for just 20 extra units.
2. The sales value of your property will be high
Installing solar panels on roof is a certain way to first reap the benefits of getting free electricity and then selling the property, if you ever plan to sell it, at higher rates.
Homes with a rooftop solar system sell at higher rates because the new owners would enjoy free electricity from the solar system for decades to come.
3. You’ll play a big part in saving the environment
Carbon emissions are killing the planet at a pace faster than the human mind can process. When you install solar panels on roof, you’re cutting down the emission of carbon, playing your part in detoxifying the world.
Did you know that installing a solar system that’s just 1 KW equals the goodness of planting as many as 15 trees?
Needless to say, installing a solar system at home is your chance at being the planet’s hero – you must grab it.
4. You will get incentives in the form of a subsidy
Now comes the hardest-hitting fact – solar energy is free, solar systems aren’t.
So, what’s been holding you back from switching to solar? Money? Well, don’t let rumors not even backed up by facts stop you from embracing the future of the planet.
Yes, it’s true that a solar system does require an upfront investment, but it’s not very high, especially considering the amount of money it will save you in the long run.
Every 1 KW of solar system will cost you anywhere between Rs. 45,000 to Rs. 70,000. But, it will also save you huge chunks of money.
If you install a 4 KW solar system on your roof, it will cost you anywhere between Rs. 1,80,000 to Rs. 2,80,000.
When the solar panels will be DCR (Made in India) and ALMM-approved, the government will offer you a subsidy of 20% against L1 rates.
If you come to look at it, you were paying a monthly electricity bill of Rs. 4000 before installing a 4 KW solar system (that is, if the electricity tariff was Rs. 8/unit and your energy consumption was 500 units/month).
Now, you will be paying just Rs. 160. Here, you’re saving more than Rs. 3800 a month. Your yearly savings alone would be no less than 46k.
If the solar system you’re planning to install is worth Rs. 1,80,000, the cost will break even in less than 4 years.
Why less than 4? Well, because:
- The rate of electricity will increase by at least 3% to 5% every year.
- If you get a subsidy, you won’t have to pay Rs. 1,80,000 in the first place.
Do keep in mind that:
- Subsidies are also available for housing societies (20% of L1 rates up to 500 KW).
- Subsidy for homeowners is available for solar systems up to 10 KW.
- You cannot get a subsidy if yours is a commercial establishment.
Conclusion:
Installing solar panels on roof is the smartest investment homeowners can make. The world will eventually go solar but the benefit of subsidies won’t last forever.
Once the government installs enough rooftop solar panels in the residential sector that could generate 4 GW of electricity, subsidies will cease to exist.
This could be your last chance at getting financial help from the government – go grab it!