In recent years, much emphasis has been placed on sustainable and green energy. The government is extensively promoting sustainable energy sources like solar, wind and hydrothermal energy.
Many people are switching to solar & installing solar panels for home. Installing solar panels in residential will reduce electricity bills and be a great investment for the future. The goal set by Government for rooftop solar panel installation is 100 GW by 2022 end.
The important question around solar panels is – is it worth the investment? The answer is YES. Solar panels have several benefits like reducing your electricity bills. Solar panels are cost-effective not only but also worth investing in it and efficient if you purchase panels from reputable installers.
Should you install Solar Panel in your home?
As we spoke about several benefits of Installing Solar Panels for home, let’s talk about whether installing residential solar panels is the right choice.
Are Solar Panels good investment for your home, they should meets the following criteria:
Receives a lot of sunlight- If your house is situated in a place that receives a lot of sunlight, then installing solar panel for home will be a great investment for you that is the main reason. Karnataka state is a top solar state in India. But, if your house is surrounded by many shade and trees, then solar energy won’t be efficient for you.
Proper space on your roof- If you want to install solar solutions, then you require a roof with huge space, clear of any chimneys or other fixtures. You can install a smaller solar system to compensate for your limited space, but smaller systems are more expensive than regular ones. It is difficult to install solar systems on roofs with steeper slopes, it is very expensive and might require high labor charges as well.
High electricity bills- High electricity bills are one of the major reasons for switching to solar energy. The amount of money invested in solar panels is less than half of your electricity bill. If electricity bills are one of the major concerns every month then, installing rooftop solar panels for home should be the next step for you. According to a recent survey, home solar panel systems reduce 80-90% of the electricity bill per month, also an A5kW system generates around 600 units and saves up to Rs. 4,200 every month.
If your house meets any of the criteria solar panels are not the right fit for you:
Not enough sunlight- In simple words solar energy is simply the heat and light that comes from the sun and if your house is located in a shady area with many buildings or trees around, Solar panels for home might be the not right choice for you.
Steeper Roof- To install solar panels on your roof, requires a large space. Small solar system for home is expensive compared to normal ones. Historic or Older homes usually have steeper roofs and they are not t perfect fit for installing solar panels.
Ineligible for rebates and incentives - Most utility companies and municipalities offer incentives and different subsidies on solar technology. If the local government does not offer any solar panel subsidy or incentives, then the solar investment is not the right choice for your home.
Is Solar Panel worth the investment?
1) Suitable for Indian Climate:
Solar panels not only simply require huge areas for installation, but also require a lot of sunlight to convert them into electricity. India is luckily situated in a place that already receives sufficient sunlight.
2) No additional costs and Low maintenance:
Solar installation service is a one-time cost and does not require any additional cost apart from the usual maintenance cost. Solar panels require very low maintenance at very little cost.
They come with a service life of 20+ years with proper maintenance making a great solar power ROI. The return on investment in solar is comparatively larger than other sustainable energy. Solar promises an ROI of 20-30%. With longer payback periods and attractive returns on investment, it is one of the safest forms of investment.
3) Long term financial benefits:
Solar solutions are long-term investment that is sustainable and modern. Solar solutions usually come with a service life of more than 20 years with proper maintenance. They are a clean, sustainable energy source and will help you cut down your electricity costs in the future.
Solar promises an ROI of 25-30%. Investing in rooftop solar panels for home is one of the safest investments as it promises attractive paybacks; with a payback period of 3-5 years.
Conclusion:
Home Solar panel systems offer numerous benefits mentioned above but are only possible when you get help from a trusted solar expert. A 5 kW solar system is equivalent to reducing 7.3 tons of carbon dioxide emissions every year.
Solar installation services will be the right choice for you, if, your home meets the above criteria. Installing solar solutions is a step ahead toward a clean, sustainable and profitable future.
SunEdison is the best solar company in India that offers distributes solar energy across residential, commercial/industrial, rural segments and other emerging technologies.
Choosing solar energy for your home ensures the reduction of emission of greenhouse gases, a significant lowering of your monthly electricity bills and a greater ROI of 25-30%.
With easy EMI options, earn up to Rs.30,000 per year for every lakh you invest in our solar panels!
