Looking to reduce your electricity bills? Solar panel installation is the way out for you. As India advances towards renewable energy, solar power emerges as a reliable way to control our bills. According to IRENA, India is in third place in terms of capacity generation through solar energy.
For all Indian households, this is more than just reaching a milestone, it is a chance to save electricity bills. So, read this blog till the last line. It will make you familiar with the benefits of solar panel installation, how much it can save, and what schemes or subsidies the government is offering.
An Epoch of Rising Electricity Charges
Are you also tired of electricity bills? You might know some tricks to reduce electricity bills. But do you know, it has become a kind of mere necessity more than an alternative. The entire nation has been hit hard till now with the rising electricity tariffs.
The rate of increment in electricity tariffs is so high that it is not wrong to say “In the next five years, we will be paying double of our current electricity bills. So, everyone should start to think of how to save electricity bills.
If you are not facing it now, maybe you are lucky. But the time is not far when you get hit by tariff hikes, so it is logical to take a step before that phase. Have you guessed what step you need- it is nothing else from solar panel installation.
Solar Panel Installation to Save Electricity Bill: Misconception vs Reality
The sun, the free power generator in the sky showers Earth with ample energy to satisfy the needs of everyone. Some already accepting it and others are still waiting. The latter ones are still pondering over “How to reduce electricity bill”.
People who didn’t find solar panel installation that much of a benefit still live in the pool of delusion. They follow some other ways to save on electricity bills and are not aware that these are just mere misconceptions. So, before we proceed to focus on how to reduce electricity bills from solar energy, let’s see some of such misconceptions about cutting down on electrical expenses.
However, it seems a wise man calls to unplug all the devices when they are not in use. But the far more effective way to save electricity bills is solar panel installation. The sun is there to take care of you, so don’t be a fool to not capture its free power by solar panel installation for home.
Benefits of Solar Panel Installation Energy
Some who have already gone with solar panel installation know about the benefits, but here benefits are listed for those who are still in the phase of making up their mind.
Cost Savings
One of the primary and foremost benefits of solar energy is the huge drop in electricity costs. Save electricity bills up to 80% with solar panel installation.
Environmental Impact
Solar energy effortlessly reduces carbon footprint, leading to tackle the fight against climate change.
Energy Independence
With Solar panel installation for homes, owners and people don’t have to rely on on-grid electricity. Moreover, they remain less affected by the rising energy prices.
How To Get Started with Solar Panel Installation for Home?
The Government of India makes it simple for each one of you through the official portal of PM Surya Ghar: Muft Bijli Yojana. Besides this, most solar panel installation companies like Saatvik Solar are always present to help at any time to save your electricity bills. So, here is how you can begin:
Inspect Your Eligibility
Check whether you have a suitable roof, a valid sort of electrical connection, and haven’t availed of any other solar subsidies.
Register on the portal
Visit the link https://pmsuryagharyojana.in/ and register there as a user by entering details like state, district, DISCOM, and consumer number.
Lodge a request for Solar panel installation
Log in and place a request or application for solar panel installation.
Await feasibility approval
Your DISCOM will then go for review and then your application will get approved based on technical feasibility.
Choose a registered vendor
After receiving approval, pick an empanelled vendor of your choice from your DISCOM list.
Solar Panel Installation
The vendor after that installs the system based on technical standards.
Submit installation details & apply for net metering
Upload all the plant details and request a net meter through the portal.
Inspection and Commissioning
DISCOM checks the entire system and then issues the commissioning certificate.
Receive Subsidy
Finally, upload all the bank details and a canceled cheque: the subsidy will get credited to the same account within 60 days.
Financing, Incentives, & Schemes for Solar Panel Installation
After diving into the ways to reduce electricity bills by proceeding further with the solar panel installation. Now, there come other significant concerns or dilemmas that people are swinging in: Will the solar panel installation cost become affordable for me? Are there any solar panel installation government schemes that exist for us? Is it beneficial to go with solar panel installation for the home? Will it work to save electricity bills?
The answer for all is a huge “Yes”. Solar energy is very effective in the long run. It is more kind of an investment from the correct angle, never considered it as an expense. The best thing about solar panel installation is that it will give a whooping 20-25% return on the investment you make.
Furthermore, there are several solar panel installation government schemes like PM-KUSUM, PM Surya Ghar: Muft Bijli Yojana, and the National Green Hydrogen Mission. You can get subsidies at a time when you made up your mind to proceed with solar energy. It will be a double-benefit call if you are looking to reduce the electricity bill.
To know more: https://www.india.gov.in/spotlight/pm-kusum-pradhan-mantri-kisan-urja-suraksha-evam-utthaan-mahabhiyan-scheme
Is Solar Panel Installation Cost Worth It ?
Now, let’s talk about the numbers. The solar panel installation cost for homes in India fluctuates too much. It depends on various factors such as quality, location, and the brand you are going with.
- A small household uses almost 200 to 300 units of electricity per month and may require a 2kW system that costs you around 1 lakh.
- Larger homes consume around 400 to 600 units every month and need a 5kW system, costing somewhere between 2.5 to 3.5 lakhs.
However, this solar panel installation costs typically pay for itself in four to six years by saving on electricity bills.
Factors to Consider in Solar Panel Installation
Don’t take a step for solar panel installation without any research or knowledge. Look at some of the necessary factors that you should consider.
1. Efficiency
Search for panels that can give the output in terms of high efficiency. It lets them convert more sunlight into electricity.
2. Durability
Always go with long-lasting panels as they ensure a pretty good return on the investments.
3. Warranty
Look out for the panels that offer you extensive warranties for added security.
Savings From Solar Panel Installation: Check out the Numbers
You already saw how to reduce electricity bills through solar panel installation. So, now let’s jump on the number of how much you can save with solar energy.
Here is a small table showcasing how much you can save by installing solar panels at your home.
Note:
- These all are estimated numbers. It can fluctuate based on pollution, environment, and sunlight intensity.
- The cost of solar commodities changes from time to time along with spikes in electricity tariffs.
Hence, these numbers are just for an idea so do not stick to them. It is just for you to understand how solar panel installation saves electricity bills.
In Essence!
Embracing solar energy through solar panel installation is a rational financial decision. It is a mere investment that will give you unmatched ROI and will make your future a sustainable, cleaner, and greener one. As India is marching towards being a renewable powerhouse, all homeowners have a golden opportunity for a dual change: contributing to the environment and reducing electricity bills.
The electricity tariffs are going up and solar panel price falling down shows it is the right time to go with solar. Go with it to save electricity bills as you never did.
FAQs (Frequently Asked Questions)
1. How to reduce electricity bills at home?
The ideal answer for this is to go ahead with solar panel installation for home. It is the simplest way to reduce electricity bills by up to 80%. A branded or reputed solar module has a general life span of 25+ years and continues to perform as it was in the early stage.
2. Do I have to pay the electricity bill if I have done solar panel installation?
In short, even if you get solar panel installation done at your place, you’ll get your electricity bill. The statement shows that you don’t have to pay anything, but it will show you the monthly consumption in comparison with net metering credits.
3. How can I read my electricity bill after solar panel installation?
Reading your electricity bill after the solar panel installation involves a major understanding of the relation of solar panels with the grid and how your bill reflects that interaction. Key elements that are included in this are: the amount of electricity generated by your panels, the amount you seek from the grid, and any specific credit or charges related to the net metering.
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