The Indian Government launched PM Surya Ghar Muft Bijli Yojana to provide solar installation subsidy of up to Rs. 78,000. With this, the government aims to ensure that households in India reduce their burden of at least 300 units of electricity. The benefit of solar installation in home not only stays limited to electricity bill reduction, but it also brings other positive impacts on the environment and other aspects as well.
10 Advantages of Solar Installation in Home Rooftop
Installing rooftop solar panels can help you enjoy multiple benefits all at once. Here are the benefits that you can enjoy by installing solar panels on your rooftop.
1) Lower Electricity Bills
A rooftop solar system will help households reduce their dependence on the grid. With the installation of an on-grid 1 kW solar system, you can generate nearly 4-5 units of free electricity per day. You will not only produce electricity for your consumption but also export excess electricity to the grid.
These are on-grid solar systems with net metering facilities. You can import electricity from the grid during non-solar hours of the day. Thus, your total import may be lower, helping you pay for net consumed electricity. This will reduce your monthly electric bill.
2) Hedge Against Utility Cost Inflation
Rooftop solar systems protect against utility inflation up to its lifetime, which is more than 25 years. The present cost of electricity in India is Rs. 8/unit. If it increases to Rs 11/unit in next few years, you will have to pay for a lesser number of units at the increased per-unit cost. Thus, you can easily avoid incurring high electricity costs. This is because you will have to pay for only net imports.
3) Increased Property Value
Installing solar panels on rooftops is considered an upgrade similar to a renovation of the house. Thus, the value of your property will significantly increase with a rooftop solar system installation in home. In case you plan to sell your property in the future, you will be able to fetch higher prices with rooftop solar panels installed.
4) Higher Annual Savings
Solar panels on your rooftop can help you save around ₹15,000 to ₹18,000 each year. Here is an example to help you understand how you can increase your annual savings with rooftop solar panels. Suppose (without solar) you consume 250 units of electricity every month. The per unit cost of electricity is Rs. 8 approximately. So, your electric bill without solar is Rs. 8 x 250 = Rs. 2000 per month.
After installing solar panels, your solar requirement continues to be 250 units with Rs. 8 as the per-unit cost. Suppose, you have consumed 175 units produced by the on-grid solar panel in a month. You will import (net) 75 units in that month. Thus, your electric bill is Rs. 8 x 75 (with net meter) = Rs. 600.
5) Support from the Government
If you are planning to install an on-grid rooftop solar system, you can avail subsidy. The subsidy amount ranges between ₹30,000 and ₹78,000 based on the solar capacity requirements of your house. This will help you reduce the installation cost of solar panels on your rooftops. Learn about the home solar installation cost with and without subsidy for different solar panel capacities here.
6) Reduced Worry for Installing New Appliances
Besides using solar power to generate electricity for your household, you can use it to charge electric vehicles and other electric appliances without worrying about the electricity bill. After solar system installation, you will not always be bothered about electricity consumption and purchase new electric appliances.
7) Lessen Carbon Footprint
The conventional process of generating electricity from fossil fuels leaves a significant amount of carbon footprint in the surrounding environment. Using solar power will help you contribute to reducing pollution and create a healthy living environment for you and your loved ones. The generation of 1 unit of electricity from the thermal plant produces around 0.82 kg of carbon dioxide, as per Planete Energies report.
A 1 kW home rooftop solar system is equivalent to planting 49 trees and 1 four-wheeler off the road. This can help India approach carbon neutrality by 2030.
8) Electricity in Different Climate Conditions
Solar panels have the potential to generate electricity in almost all types of climate conditions. Even though the power output is lower on rainy days and in winter, the panels can effectively generate electricity to power your home appliances.
Further, solar panels are heat and high-temperature resistant making them generate electricity during summer seasons. However, the optimal temperature for generating solar-powered electricity is 25 degrees centigrade.
9) High Return on Investment
A solar investment ensures a high return. Approximately, the return is as high as 20-40% over the years. Owing to the solar installation subsidy, the return becomes even higher. You can choose a solar panel, inverters and other equipment based on efficiency and other qualities to maximise the return on investment. You may also like to read whether you should invest in solar as an asset class.
10) Electricity Generation Even Over 25 Years
Solar panels come with a performance warranty of 25 to 30 years and a product warranty of 10 to 15 years. The solar panels even work with almost 90% efficiency after 25 years. As a result, you can rely on your installed solar panels to generate electricity for your home for a long period.
In this regard, if you want to install a home solar system, you should ideally contact multiple installers to know their installation charges and the solar equipment they will use. If this process seems time-consuming and hectic, you can connect with Das Energie Private Limited. The company will provide you with free solar quotations that help you choose a feasible solar vendor.
You can reap multiple benefits of solar panel installation in home besides generating free electricity units of free electricity each month. You can reduce carbon emissions into the environment and even purchase new electric appliances like ACs and refrigerators without worrying about electricity bills. To get the benefits and avail solar subsidy, plan your rooftop solar panel installation as early as possible.
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