Thinking Solar Energy? 7 Easy Ways to Get cost effective Solar Today

Solar Energy

The present has to do something with past, any technology which has scratched heads today might have footprints of early centuries. In 200 BC, Archimedes method of using concentrated sun’s rays through the mirror to set fire enemies should have churned reasons for unbelievable applications in solar power today.  Disregard the figures of global warming and climate change, it is presumed that at “peak sun”, 1000 W/m² of power reaches the surface of the earth.

One hour of full sun provides 1000 Wh per m² = 1 kWh/m² – representing the solar energy received in one hour on a cloudless summer day on a one-square meter surface directed towards the sun. Imagine converting sunlight into electricity of this amount every +/- hour is greater than the total amount of energy that the entire human population requires in a year.

India has a conducive ecosystem and natural resources (land, sunlight, area) to juggernaut the solar technology. With growing urban population and variable government’s manufacturing initiative, energy will be the ‘bigtime’ concern. Talking on the rural grounds, around 300 million people in India still inhabit under ‘No Electricity’. Thereby, with a country of huge cultural and geographical diversity, solar seems to be the only viable option for this mammoth population.

Thinking-Solar-EnergyNow, the question arises on how you can be a part of this solar transformation and integrate solar technology to get rid-off power bills and power crisis.

Cut down Power Bills

Solar panels can be used to generate a portion of your home’s power in order to reduce your dependency on traditional power sources. For instance, you can install panels to provide electricity just for appliances or lighting, to reduce your dependency on the utility company, as well as lower your bill.

Financial Benefit

While not a direct savings on your electric bill, there is another financial benefit from solar powering your home. The resale value of your home will increase by as much as 20% with the installation of solar panels.

Sell you Power

Solar to also have a resell value; with government-induced incentives for energy providers to switch to alternative, renewable energy sources which can include homeowners, which means you can sell surplus energy generated by your solar panels back to the electric grid.

Electric Meters and Bank Credits

Net Metering is another policy that works to the advantage of homeowners using solar power. Electric meters will measure your electricity production as well as your consumption, and calculate the difference. So as you generate electricity with you solar panels, you are in essence banking credit with you local electric company.

Raise your own Solar Capital

Recently, the Cabinet Committee for Economic Affairs authorized to raise the MNRE budget for installing the rooftop grid-connected solar system from Rs.600 crore to Rs.5,000 crore.  The loans will lead in low-cost capital, even for those who are not covered by the subsidy. The endowment will be utilized to give 30% subsidy to every domestic consumers and public institution which set up rooftop solar plants therefore solar can give you benefits in capital ownership too.

Can become Long-term Asset

Solar panel manufacturers include a 20- to 25-year warranty (also known as a performance guarantee) with their solar panels. The industry standard guarantees 80% performance after 25 years. Though the real lifespan may exceed your expectations as solar panels are likely to stay much longer and your solar panels will keep on generate a good amount of electricity 30-40 years down the line. Hence, you can calculate your other expenses and can rely on the sun-facing panels bringing happiness at homes.

Worship Clean Energy

It’s not just that the above characteristic urges oneself to integrate solar technology in homes or surroundings; your step towards solar technology imprints a strong dialogue against carbon emission by replacing utility power with clean electricity from solar panels. Additionally, the sun will continue to produce clean green energy forever. Solar panel components are made mostly of sand which is also in endless supply and as reiterated solar panels have no negative impact on the sphere.

Cost of Solar Integration in India

The range for a 1 KW system can cost you around Rs. 1.20 lakhs to Rs. 1.8 lakhs. Small solar systems of Rs. 45,000 promise to run three lights, a couple of fans and a TV.

Price Of 1KW Solar Panels is:

  • Government Price = 1, 70,000/-
  • After Taxes = 178500/-
  • MNRE subsidy = 53550/-
  • After MNRE subsidy = 124950/-
  • TGP solar discounted price = 94,799/-

In India, the most popular and intriguing incentives and initiatives has been proposed for rooftop solar power. While the objective for rooftop solar in 2015-16 was a modest 200 MW, for 2016-17 it is 4,800 MW or equivalent to India’s entire solar capacity at present.

The above discussed are not the only way to save money and dive into the solar integration processes. You can even give a second thought on running your appliances and products from traditional forms to solar energy.

Imagine! Your lights, vacuum cleaners, water heaters and even your smartphone chargers running on solar, disrupting innovations you can even fetch your-self a solar jacket keeping your devices charged and keeping operational ubiquitously.

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