Money Saved Is Money Earned - Save Your Money This Dhanteras With Solar Power
Dhanteras or Dhanvantari Trayodashi is as an auspicious day to buy gold, new utensils, Lakshmi-Ganesha idols and other home appliances as it is believed that new (wealth) "Dhan" or any item made of precious metal is a sign of good luck. In todays world solar power is one of such auspicious and sustainable solution that can let you generate your own power at your home and save your money for 25 years. This is also important as you will contribute towards an eco - friendly initiative to reduce carbon emission. So, deciding to get a solar panel to your home is one of the best decision you can take this Dhanteras.
Rising temperature during summers makes us stay indoors all the time with air conditioners on all the time in the day and at night. This leads to consumption of lots of electric power that can prove to be very expensive. The best way to save on your rising energy bills is switching to solar energy and invest in solar panels. If you have solar panels on your home, you’ll be generating your own electricity to use in your home – for free. It will also make your future energy expense proof. One more good news is that you can not only save your money but you can also earn it by selling the excess of power generated through your solar power system to the power grid or DISCOM through Net-metering.
How Does Solar Energy Can Save Your Valuable Money?
If you have this question in mind "Do solar panels really save money? " then the answer is "Yes" If your average monthly electricity bill is high, and you’re living in an region with high energy tariffs then it’s worthwhile installing solar panels on your residential or commercial building. As per our calculations homeowners can save approximately 600 units of electricity per month, that can approximately reduce their electricity bills by around ₹5,500 with the installation of a 5 kW rooftop solar system on their roof.
Here are some of the reasons why you should invest in solar panels:
The price of energy ad fuel is not dropping
The cost of installing solar panels has reduced in past many years.
Solar panels installation can also provide subsidy benefits.
Rising fuel prices can make way for solar EV charging.
Solar panels are long-lasting and require little maintenance.
How Much Money You Can Save With Solar Panels?
Before knowing how much money you can save, it is important to know how much you are currently spending on electricity bills every year. Assuming that a 1 kW system would generate 4 units (kWh) per day on an average, a 5 kW system would generate about 20 kWh/day or 600 units per month. Considering a tariff per unit of ₹5.50 / kWh, the solar system will be able to generate power amounting to approximately ₹3,300 / month. This amount can be more if the tariff in that region is more than ₹5.50 /kWh.
If your electricity bills are generally around ₹3,000/month, your power bills will be zero by installing a 5 kW rooftop solar system. And if your monthly bill is about ₹7,000 /month, then with the system installed, your bills will be reduced to just ₹4,000 /month. And if your monthly bill is around ₹1,500/month, after the installation of the rooftop solar system with net metering, instead of paying ₹1,500/month, you could be earning ₹1,800 /month from the distribution licensee (DISCOM). But this could be more or less based on the location.
Will you still receive an electricity bill after installing solar panels?
Yes, you will still receive an electric bill when you install solar panels. A common misconception about installing solar panels is that your electricity bill will go away entirely. Even if you install enough solar to completely offset your electricity use, you will still receive an electric bill from your utility as long as your property remains grid-connected.
This doesn’t mean you will always be paying money on your bill. Thanks to a policy called net metering, which is available in most states, renewable energy your solar panels produce that you don’t use immediately is sent to the grid in exchange for credits on your electric bill. This allows you to draw energy from the grid during the night (when the sun isn’t shining and powering your solar panels) but not pay any extra money, as long as you draw back the same amount or less than you provided to the grid. When you receive your monthly electric bill, any net metering credits you used that month will be indicated and you won’t be charged for that power. The remaining electricity you pulled from the grid that wasn’t offset by net metering credits and wasn’t produced and used immediately at your home is where you might see small charges for electricity.
Is there an upfront cost on solar panels?
Yes, there is an upfront cost when installing solar panels. Depending on the system size or configuration, as well as your choice of installer
How Your Solar Power System Can Save Environment?
A rooftop solar system can help reduce pollution by reducing the emission of toxic carbon dioxide in the air that is released from thermal power plants. It is estimated that a 5 kW solar system could reduce nearly 7.3 tons of carbon dioxide emissions annually. By installing a rooftop solar system on the top of your roof you can save two trees every week while generating clean energy to meet your power needs.”
The majority of power generation in India happens through coal-based facilities. Every time a homeowner generates solar power through a rooftop solar system, it reduces dependence on coal, eventually decreasing carbon dioxide emissions. Climate change's effects have been especially severe in India, So, it is not just the government’s responsibility but citizens must also contribute to the cause.
Save Big & Create Wealth this Dhanteras With Solar Panels. Happy Dhanteras
Ultimately, regardless of whether you’re looking at finances or carbon emissions, a solar panel system will generate big savings for homeowners. The benefits of going solar are more than just environmental: they can create real, tangible savings for your household running costs. For more information about solar panels, how to buy solar panels get in touch with our solar experts and get your free quote. For this share your requirements here - Solar Panel Prices