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Know More About The Pros Of Installing A Solar Panel At Home

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Are you in a dilemma on whether or not a rooftop solar system would be a perfect addition to your home? Well, by the end of this guide you’ll have your mind made up!

Installing a solar panel for a home is absolutely worth it. But don’t just believe us – we are enlisting the many benefits and facts you must know about solar systems and solar power.

Read more to find out why the world is moving towards the adoption of solar power.

Top 4 reasons why having a solar panel for home is a necessity

#1. Fossil fuels will exhaust some day

Counting on energy from exhaustible sources isn’t a wise man’s decision. Fossil fuels will exhaust sooner or later. Besides, if their use won’t minimized, the climate will take a brutal hit.

Disasters such as flash floods in Bangalore, and even the 2013 Kedarnath disaster were all a result of global warming. Greenhouse gasses that fossil fuels emit are the flag bearers of such climatic disbalances. 

So, if we don’t switch to the installation and use of solar panels for home, pollution will affect the health of the entire planet.

#2. Having a rooftop solar system will save you money

We’re not bluffing – solar energy is free. When you have a rooftop solar system of the right capacity (the one that can generate enough power to meet your daily requirements), your dependency on electricity from the grid gets reduced. As a result, your electricity bill will significantly drop.

On an average day, a 1KW solar system can produce 4 units of electricity, i.e. 120 units/month. Based on these calculations, you can pick the right solar panel for your home.

For instance, if your average monthly power consumption is 600 units of electricity, a 5 KW solar system will be ideal for you.

With the right system, your monthly electricity bill can be reduced by up to 90%.

#3. Having a solar panel for a home will protect the environment in many ways

You already know that installing a solar system will reduce the emission of greenhouse gasses as there’ll be less dependency on fossil fuels. But, that’s not the only way a solar system helps the planet.

A single KW of a solar system equals the goodness of 15 trees. So, if you have a 5 KW solar system at home, it equals the goodness of planting as many as 75 trees.

When pollution goes down so will the diseases that stem from pollution. The Earth will be a safer planet.

#4. You will get financial assistance from the government

Solar electricity from your rooftop solar system is free, but the solar system isn’t. There’s an upfront investment.

A 1 KW solar system costs anywhere between Rs. 45,000 to Rs. 70,000. Even if you install a 3 KW solar system, the cost would be somewhere between Rs. 1,35,000 to Rs. 2,10,000.

This investment might look slightly high but looking at the kind of savings you’ll get, it’s a worthy investment.

In order to encourage the masses, the Indian government offers a subsidy on L1 prices (discovered rates). 

  • For systems that are up to 3 KW, you will get a subsidy of 40% on L1 rates if you’re an individual homeowner.
  • For systems that are above 3 KW and up to 10 KW, you will get a subsidy of 20% on L1 rates if you’re an individual homeowner.
  • For housing societies, a subsidy of 20% is offered on L1 rates for solar systems up to 500 KW.

That said, there are certain conditions that have to be met in order to take advantage of this financial assistance that the government is offering. Here are those conditions:

  • The system should be an on-grid rooftop solar system.
  • The type of module (panel) should be DCR (Made-in-India) and approved by ALM.

Please note that the subsidy is available only for homeowners and housing societies. This benefit isn’t available for commercial establishments.

Crucial info about a solar panel for a home that you must know

You know the benefits of having a solar panel for your home. But there are still a few more matters that you should be aware of so that you can make an informed decision. Let’s have the look!

  • Solar panels generate electricity even during the rainy season because they use sunlight to generate power, not heat. So, don’t let this myth hold you back from installing a solar panel for your home. The yield might not be maximum, but the system will not shut down either.
  • Different solar panels have different efficiencies. Two types that are used for rooftop installations include poly panels and mono panels. Poly panels have an efficiency of 16-17% and mono panels have an efficiency of 18-19%.

Conclusion:

We hope we’ve cleared all your doubts and answered all your questions about the importance of having a solar panel for your home. This is the best time to install solar panels because the government is offering a subsidy at the moment, but the subsidy will not be provided forever.

Once 4GW of solar power will be generated from rooftop solar systems at individual homes across the country, the subsidy will no longer be offered.

So, this is the best time to switch to solar by installing a solar panel for your home.

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