Imagine a technology that allows you to charge your devices and is durable while using a resource in infinite abundance. Solar solutions for home use can do precisely that. That’s not the best part. You don’t need to worry about using the grid because you run your devices primarily on sunlight. You won’t receive any bills at the end of the month.
Even if you don’t, the total amount is much more affordable. Are you still trying to convince me? Here’s how much money you can save by installing a home solar system.
How much can you save with solar solutions?
Solar power is not used alone. Most homeowners use a hybrid system, where part of the power comes from transmission lines, and interest is from solar panels.
You’ll get a monthly bill. The real question is how much will it cost?
Let’s give an example.
Let’s say you have a rooftop solar system of 5kW. Let’s also assume that a system of 1kW produces about four units more than the average daily power. Mathematically, a 5-kW system can have 20 units/day, or about 600 units per year. This is 600kWh of pure solar energy.
According to the current tariffs, one unit of electricity costs around Rs. 5.50. in practice, you can save Rs. 3,000 by using 600 units of solar energy. 3,000.
Suppose your monthly bill comes to Rs. You’ll have to pay only Rs. 300. If the amount is Rs. If it’s Rs. 4,000. This is for just a system of 5kW. You can save more if you purchase a more extensive procedure.
Net metering is even better. You can also earn money by generating solar energy with a hybrid connection if your monthly bill is Rs. You can also send an extra Rs. You can send 1000 watts of electricity to the grid and receive money from the distributor (DISCOM).
You can get paid for the excess energy that you produce. You can earn money while saving money.
Genus offers the best-in-class Genus Solar Inverter to help you go solar.
How long before you break even with solar solutions
Solar solutions offer many ways to save money. There’s always an asterisk. In this case, the installation costs are high. Solar electricity is expensive.
With an average savings of 5kW, you will break even within 4-5 years. The government offers many subsidies to those who want to go solar. This allows you to buy solar systems for a much cheaper price. Considering these subsidies, you could recover costs in as little as 2-3 years.
Other Benefits of Solar Solutions
Products for solar energy at home are beneficial for utilities as well as consumers. They also help keep the environment cleaner and greener. In India, the majority of energy is generated by coal-based plants. The processing of coal for power generation releases harmful substances into the air.
Solar energy is a good example. It does not use fossil fuels (the sun is the only source used), and it has no harmful emissions. This has a positive impact on reducing carbon emissions.
Your turn
You now know how much money you’ll save each month and how long you need to break even. Based on your financial situation, you can decide whether or not you want a rooftop system.
Genus Innovation is ready to assist you with installing a solar panel. We offer premium-quality products. Contact us to learn more about solar effects.