Dispelling Common Myths About Solar For man

1. Dispelling Common Myths About Solar For A Common Man India is endowed with an abundance of sun radiation. According to estimates, India receives up to 300 days of sunlight each year. Despite its vast solar potential, India has been unable to fully use its solar resources. The lack of individual solar knowledge is arguably the single largest impediment to the spread of solar energy in India, particularly solar system for home. Perhaps it's time to take a fresh look at solar energy (pun intended). Solar is a financial vehicle, similar to Mutual Funds, in that it is an investment. The only distinction is that solar returns are not susceptible to market risk, but they are victims of several misconceptions. It's past time for us to crack a couple of them! Myth 1: "I'm not interested in solar." Truth: Solar energy is for everyone, regardless of whether or not there is a power outage in your area. Solar energy should be considered a long-term investment. Even if you have 24 hour access to grid or utility electricity, you may invest in solar energy and make a decent profit. An investment, similar to any other financial instrument, that yields equivalent, if not superior, returns! Consider this: If you reside in Gurgaon and your monthly power cost is on average Rs.10,000/-, an investment of Rs.130,000/- in a solar-rooftop On-grid solution of 1.75 kWatts may possibly yield a return on investment of up to 20% p.a. in the form of monthly electricity bill savings! Solar energy is also pollution-free, making it beneficial to the environment. Profits while lowering your carbon impact are the icing on the cake!

2. Myth 2: "Solar is prohibitively expensive." Truth: Solar energy prices have dropped dramatically in recent years, making it both cheap and inevitable! Solar may be started with as little as a few thousand rupees. Various solar options are available depending on your need. Financing can be obtained and converted into EMIs under short-term or long-term loans for larger solutions needing more investments. (Read on for more information.) Of course, the more you invest, the higher your chances of making a profit! When it comes to returns, solar energy outperforms typical alternate power sources such as diesel generators by up to 50% when both investment and operating expenses are included. Myth #3: "Solar is very complicated." The truth is that it isn't true at all! Installing a solar system is similar to installing any other household device, such as an air conditioner. It's a straightforward three-step procedure that begins with a site inspection to analyse solar energy potential, then moves on to a proposed solution with appropriate distribution company permissions (only required for net-metering systems), and finally to solar installation of the solution, which takes one day! You must purchase a solar solution that meets your unique requirements. Finally, the following pointers will help you understand the various sorts of solutions and when they should be purchased: On-grid Alternative On-Grid solutions allow you to generate electricity from the sun and export it to the grid. A grid-connected system with a bi-directional net metre is included. Both the import and export of electric units are recorded by the net-meter. You only pay for the net units imported, which saves you money on your power bills. Grid-connected solar systems provide the highest return on investment.

3. Off-Grid Alternative Solar electricity may be stored and used later with off- grid solutions. They are made up of battery packs that store solar energy generated during the day. These options are appropriate for locations with frequent power outages. Because of the batteries, the cost of these Off-Grid options is greater, but they are superior to diesel generators in more ways than one. To begin with, a diesel generator's unit cost of power (including capital cost) is Rs 20-25. Solar, on the other hand, has a unit cost of power that is around half that of a diesel generator (including batteries). Second, when there is no power loss, a diesel generator is idle, but a solar system operates regardless of the power outage scenario. Solar inverters save money by prioritising solar energy over grid electricity. Solar panels, unlike diesel generators, do not pollute the environment. To summarise, solar energy is a clear winner. Upgrading Options You may convert your existing power backup system to a solar power system using upgrading solutions. These options make it possible to go solar without breaking the ba