Let’s start with the conclusion that if your home is located in a sunny area and you are looking to reduce your electric bill and increase your energy independence, then a solar energy system is a good option.
Economic Viability
Solar systems are economically viable. Studies have shown that for a typical household load, the profit from the use of solar electricity is Rs. 305,160 over 25 years, while the initial investment in a solar PV system will be recovered in 10.5 years. In addition, solar systems can significantly reduce electricity bills, and with a net metering system, households can offset the cost of electricity generated by solar panels or even sell surplus electricity to the utility company.
Environmental Benefits
Solar energy is a clean, renewable source of energy, and its use reduces dependence on fossil fuels, thereby reducing greenhouse gas emissions and air pollution. This not only helps the environment, but also increases the environmental friendliness and market value of your home.
Energy Independence
Solar energy systems allow households to control their own electricity supply without having to rely on the traditional grid, which can fail at any time. This energy independence is especially important in the event of a power outage or grid instability to provide emergency power.
Maintenance Costs
Solar systems are relatively simple to maintain and usually require little more than an annual cleaning. Most of the solar installation services provide 20-25 years warranty, so the maintenance cost is low.
Initial Investment
Although the initial investment in a solar system is high, it is gradually becoming more attractive as technology advances and costs come down. Incentives such as government subsidies and feed-in tariffs (FiT) can also help to reduce the initial investment burden.
Suitability
Solar systems are suitable for installation in sunny areas and require consideration of factors such as roof orientation, shading, and structural strength of the roof. Solar systems can be particularly useful in remote or rural areas that may not have access to stable grid power.
