India saw the fourth-biggest rise in 2023 in solar power. The recent introduction of the solar subsidy scheme by the central government makes switching to solar more affordable. This further boosts the rooftop on-grid solar system installation in India. Keep reading to find out other reasons for installing an on-grid solar system on your roofs.
9 Reasons to Install On-Grid Solar Systems
Here are the reasons you should install an on-grid solar system:
1) Save Big on Electricity
Solar power can drastically cut your electricity costs. A 2kW on-grid solar system, for example, generates 8 units of electricity during the day. At Rs. 8 per unit, you stand to save around Rs. 1920 each month for 25 years.
Over time, these savings add up significantly. Imagine not having to worry about rising electricity prices or unexpected hikes in your utility bills. Every unit of electricity your solar panels produce is a unit you do not have to buy from the grid.
Any extra power your system generates goes back to the grid, earning you credits in some states that further lower your bill. Now, you may have in mind what amount you will have to pay to install on-grid solar panel system. You can read this blog to know the solar system for home price.
2) Help the Environment
Solar energy is clean and green. It does not produce harmful pollutants or greenhouse gases. You are reducing your carbon emissions by 1.5 metric tonnes annually on every kilowatt and helping fight climate change.
You can also contribute to the environment with a 2 kW solar rooftop system. This is as effective as planting 100 trees and taking two cars off the road. The benefits of this action will be felt both now and in the future.
3) Boost Your Home’s Value:
Homes with on-grid solar systems are more attractive to buyers. Solar systems add value because they offer future cost savings and energy independence. These houses tend to sell for 3% – 4% more than homes without them. This is because many buyers prefer properties with solar energy.
Installing solar panels not only helps you save on electricity but can also make your property more attractive to renters and provide a better return on the money you invested in the panels. If you ever decide to sell, your solar-equipped home could fetch a higher price.
4) Take Advantage of Government Incentives
The Indian government provides subsidies under PM Surya Ghar Muft Bijli Yojana to encourage solar adoption. This capacity-based rebate begins at Rs. 30,000 for a 1 kW solar system. Rs. 60,000 is the subsidy amount for a 2 kW solar system.
For on-grid solar systems of and above 3 kW, the subsidy amount is capped at Rs. 78,000. Moreover, there are solar loans available on the PM Surya Ghar Website from all major banks in the country such as SBI, ICICI, HDFC etc at low interest rates. Other than these banks, fintech companies provide micro financing options as well.
5) Enjoy Low Maintenance
Solar panels require very little maintenance, typically 1% to 2% of your initial cost. They are designed to last 25-30 years. Basic cleaning is usually all that’s needed to keep them running efficiently.
Should any issues arise, they are often covered by warranties of two kinds. Product warranties usually last for 10 years and performance warranties or power warranties for 25 years or more.
As mentioned in the picture above, most on-grid solar systems today come with monitoring tools. This allows you to check their performance easily and reduce disruptions. This reliability and durability make solar systems a hassle-free investment. This is especially true for solar power in a housing society where the maintenance costs are shared.
6) Gain Energy Independence
While an on-grid system still relies on the grid, it greatly reduces your dependency on traditional energy sources. This means you are less affected by power outages and fluctuations in energy prices.
7) Reliable and Durable
Modern solar panels are built to withstand various weather conditions. They are tested to handle wind, rain, and even hail, ensuring they perform well throughout their lifespan. Recent innovations like bifaciality and HJT technology make solar panels last longer with improved energy generation.
8) Quick Return on Investment
Thanks to dropping solar panel prices and improvements in technology, the payback period for solar installations has decreased. Many homeowners see a full return on their investment in 5-7 years, after which the savings continue for decades. After adding the subsidy, the installation cost can be recovered in 3 to 5 years.
9) Support the Local Economy
Installing a solar system helps local businesses. Many components and installation services are sourced from locally vetted solar shops and stores. This means your investment in solar also supports local jobs and the economy.
Understand your needs before installing. Consider your location, roof orientation and electricity use. These factors influence how much you will save and the best system size for you. A reputable solar installer can provide a detailed assessment to help you decide be it for a residential or commercial rooftop solar.
What are the Steps to Install an On-Grid Solar System for Your Home?
1) Assess Your Home: Check your roof’s condition and orientation. South-facing roofs without shade are ideal.
2) Research Incentives: Look for government rebates and incentives in your area.
3) Choose a Reputable Installer: Find a trusted local company with good reviews and experience. You can connect with Das Energie Private Limited to find the best solar installation company for you.
4) Get a Quote: Obtain quotes and compare them to find the best deal.
5) Install and Save: Once installed, start enjoying the savings and benefits immediately.
Switching to solar power is a wise investment for both your wallet and the planet. Solar energy is free and plentiful, and technology has made it easier and cheaper than ever to harness this power. Das Energie Private Limited can make your solar installation process easier by connecting you with empanelled vendors near you.
With financial incentives, low maintenance costs, and substantial savings on electricity bills, there’s no better time to install an on-grid solar system on your rooftop. Take the step towards solar today and enjoy the benefits for years to come with Das Energie by your side.