Does solar panels save money? The simple and straightforward response to the question is yes. The size and angle of your roof, as well as the number of direct hours of sunlight per day, are all crucial in determining how much you could save from solar power.
Not only are solar panels good for the environment, but They can also help you save a lot of money over the course of your solar panel system's lifetime. In essence, solar panels are pricey at first, but in the long run, they will save you money on energy costs.
Utilise space for solar in your house by consulting NoBroker’s expert interior designers.How much can you save using solar panels?
Finding out how much money you currently spend on energy each year is the first step in determining how much you could save using solar power. Homeowners can save more than 5,000 rupees per year on their electricity bills by installing a 5 kW rooftop solar system in their homes. This will allow them to conserve approximately 600 units of power per month.
How much can I save using solar panels?
The figures for a 5 kW rooftop solar installation are broken down here.
A 5 kW system produces approximately 20 kWh per day, or 600 units per month, assuming an average daily output of 4 units (kWh).
The solar system will be able to generate approximately 73,300 rupees of electricity each month at a tariff of 75.50/kWh per unit.
This figure might be higher assuming the duty in that area is higher than 75.50 rupees/kWh.
The installation of a 5 kW rooftop solar system would eliminate your monthly energy costs if they are approximately 3,000 rupees.
In addition, if your monthly payment is approximately 77,000 rupees, the system would reduce your monthly expenses to approximately 4,000 rupees.
Additionally, if your monthly payment is approximately 1,500 rupees, you may collect 1,800 rupees per month from the distribution licensee (DISCOM) after installing a rooftop solar system with net metering.
So, does solar panels save money? Yes, it does.
Pay utility bills with NoBroker and get eligible for assured cashback. Read More: Can you install solar panels in an apartment? How much does a solar panel cost in India? How to Install Solar Panels at Home in India?Your Feedback Matters! How was this Answer?
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How Much Can You Save Using Solar Panels?
Gauri
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2023-04-28T12:19:31+00:00 2023-04-28T12:31:54+00:00Comment
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