How Much Do Solar Panels Save on Electricity Bills in India.

Who wouldn’t want to save money on their electricity bills and minimize their carbon footprint by utilizing solar energy, a free renewable resource that is easily available?

Slowly, people are realizing the benefits of having a solar power system. One of the causes for increased public knowledge of the solar power system has been government-sponsored campaigns promoting the use of renewable energy.

Let’s see how solar energy can help you with your electricity bills – 

Why India Need Solar Panels Installation

Despite the fact that India’s power deficit is quickly reducing, many people in rural and urban regions still have poor and unreliable access to energy. These people are forced to rely on non-renewable energy sources such as diesel generators. These options have negative health consequences and fluctuate in terms of running expenses. Solar energy serves as a cost-effective source of electricity in this situation.

For many families, the electricity bill is a source of concern. The rising electricity costs have had a negative impact on consumers in the middle class. Companies are being pushed to raise electricity pricing as consumption, production, and transmission costs rise. The majority of businesses bill for power based on overall consumption. The higher the charge per unit of current, the higher the consumption. When you cross from one slab to another, you must pay an additional fee.

Also Read – The Benefits of Rooftop Solar Power in India.

This makes installation of solar panels very important and the need of the hour in India.

Reduce Electricity Bill by Using Solar Power System

Solar energy is a renewable energy source. It is available throughout the year in tropical climates with no restrictions. Solar panels are a one-time investment that will save you money for the rest of your life. When you have a solar panel installed at home, you can forget about load shedding, increased electricity bills, and power blackouts during windy weather.

Furthermore, the solar power system will help minimize the electricity expense entirely. You can put the money you’ve saved toward something else and; Use solar energy save electricity. You may use electrical equipment without having to worry about electricity consumption after you build a solar power system at home. It should last at least a decade or two.

How Much Do Solar Panels Save on Electricity Bills in India

If your monthly electricity bills are around 3,000, adding a 5 kW rooftop solar system will reduce them to zero. If your monthly Average electric bill with solar panels is around 7,000, with the total, your bill will be cut to around 4,000 rs per month.

And if your monthly payment is roughly 1,500, after installing a rooftop solar system with net metering, you may be earning 1,800 per month from the distribution licensee instead of paying 1,500. (DISCOM).

Net metering is a billing method that allows consumers to be compensated for excess electricity generated at a price set by the government. If you need to sell excess electricity to the grid and get compensated for it, Net Metering is essential.

Solar Panel System Price in India

The total cost of the Solar Panels Installation in India is defined by the type of solar panel system you choose. In the following sections, we’ll go over the various types of solar panel systems.

If you choose an off-grid solar panel system, it will come with panels, inverter, charge controller, batteries, wiring, structure, connections, junction box, and other components. Depending on the panels and inverter you choose, it might cost anywhere from Rs 70,000 to Rs 1,20,000 per kW.

Also Read – What is Off-Grid Solar Energy and How it Works.

Conclusion –

Prices for electricity fluctuate from time to time. As a result, calculating the cost of electricity over a certain length of time is complicated. When it comes to electricity generated by solar rooftops, however, the cost of power generated may be easily assessed.

In reality, the cost of electricity generation for the next ten years may be calculated 20 times higher then what it it today. Therefore, Opting solar will be an smart choice. Look for “Solar Panels Installers Near Me“

and get your own solar panel.