Benefits Of Installing Solar Panels
Renewable energy is currently being rapidly embraced throughout the world. India is also becoming a major producer of renewable energy on the international stage. By the end of 2023, the government hopes to have built 175 GW of renewable energy, as part of its efforts to advance sustainable development. Out of this, solar installation targets have been set at 100 GW.
Of this aim, 23 GW have already been reached to date, while 40 GW are in various phases of execution. India has surpassed the US to take over second place in the world for solar power generation due to its propensity for solar energy production.
The ability to save money is the main benefit of installing rooftop solar panels. Rooftop solar tariffs are 17% and 27% less expensive than industrial and commercial tariffs, respectively. Grid parity is also being attained by rooftop solar installations in many Indian residential areas. Rooftop solar panels can even lower electricity bills for building owners. Buildings receive their electricity from rooftop panels, which reduces the amount of electricity they must purchase from the grid and lowers their energy expenses.
Many uses exist for solar energy. With photovoltaics, you may produce power or heat (solar thermal). Solar energy can be used to distil water in locations with little access to clean water, generate electricity in places without an electrical grid, and even power spacecraft. Building materials can incorporate solar energy as well.
The price of electricity is always changing. So, it is challenging to estimate the cost of electricity over a specific period. On the other hand, it is simple to estimate the cost of power produced when it comes to electricity produced by solar rooftops. In reality, it is possible to estimate how much it will cost to produce electricity in another 10 years. This makes it a safe investment.
Reduces Carbon Footprint:
From the beginning of installing the panels to the electricity produced by PV cells, no health risks are present, and no gases that trap heat and fuel global climate change are produced. In addition to not producing carbon dioxide, it also doesn’t produce any of the other hazardous pollutants or wastes connected with coal, such as nitrogen oxides, sulphur dioxides, or mercury.
Reduce Electricity Bills:
Your energy expenses will go down since you’ll be able to use some of the electricity your solar system has produced to satisfy your demands. Depending on the size of the solar system and how much electricity or heat you use, you can save a variety of amounts on your utility bill.
For instance, if your company now uses commercial solar panels, switching to a larger system could significantly reduce your energy costs. Also, under the Smart Export Guarantee, you may get paid for the excess energy that you export back to the grid in addition to saving money on your power bill (SEG). If your power production exceeds your use (considering that your solar panel system is connected to the grid).
Increased Energy Access:
Although India’s power shortage is quickly improving, many residents of both urban and rural areas still lack appropriate and dependable access to energy. These folks are compelled to use substitutes, such as diesel generators. These options have negative health impacts and fluctuate significantly in terms of cost of operation. Solar energy acts as a reasonably priced source of electricity in this situation. They are environmentally friendly since rooftop solar panels use the sun’s energy to produce electricity. Also, they have constant operating costs.
Suitable for Indian Climate:
Rooftop solar panels use the sun’s energy to create power. India holds a favourable geographic location and a lot of tropical sunlight. In India, there are over 300 sunny days with clear skies yearly. Thus, using rooftop solar panels in this situation is excellent.
No additional space is required for Installation:
The ability to be installed on any type of roof is one of the main benefits of rooftop solar panels. Hence, installing rooftop solar panels does not require individuals to give up their land or spend money on purchasing new land. The panels also protect the building’s roof when they are installed.