Listen : Audio version of this article
As times are changing, new and advanced technology is being introduced in society with each passing day. Results of these latest technological advancements have also been shown in the solar energy sector. However, like the uncertainties that persist in adopting new technology, there is a certain amount of scepticism that people have when it comes to using solar energy.
The common notion that prevails when it comes to using solar energy is that it costs a bomb. There’s a lot of doubt amongst the masses, whether making a substantial investment in solar would reap benefits or not. These apprehensions are rational when it comes to making any significant financial decision.
However, various studies and researches have been conducted on solar energy to prove its long-term benefits. These benefits are not limited to environmental, but it also expands to monetary. When appropriately installed, solar panels can reap benefits and lead to long-term financial benefits. Make sure that the panels are placed in a location where they receive plenty sunlight without any blockage. However, it is also important to ensure that you install the right solar equipment such as a solar battery, panel, inverter and more. Brands like Luminous provide complete solar solutions when it comes to on-grid or off-grid.
Here’s How Upgrading to Solar Panels Can Save You Costs
Decreased Electricity Bill
By installing solar panels, you are bound to reap long term benefits with lowered electricity bills. With your house well-equipped with equipment such as solar batteries, panels, inverters and more, you will be able to reduce your electricity cost by 10-20 per cent effectively. The numbers might not seem substantial in the beginning, but in the long term, you will be able to see significant benefits. In just a few years after switching to solar, you will be able to accumulate enough savings to cover the cost of installation. However, the savings also depend on the amount of electricity you use, location of installation, amount of sunlight the site receives and the quality of the product.
Long-Lasting and Easy Maintenance
Solar Panels prove to be a long-term investment to make as they are easy to maintain and last for a long time. Solar Panels only require time to time cleaning to remove debris and ensure that nothing blocks out the sunlight. However, since solar panels only absorb heat and don’t have any moving parts, there’s no wear and tear involved. With regular maintenance and cleaning, your solar panel could last you up to 25 years. Make sure that along with taking care of the panels, you remember to take good care of your solar battery, inverter, UPS and more.
Calculate Your Investments
Since solar is a considerable investment to make, your scepticism before making the big investment is only natural. Having a devised plan is always beneficial in the long run; hence, you’d want to know the return on your investment. Well, there’s an easy way to determine how much of your investment made is going to come back to you and in how much time. Suppose you make an investment of 50,000 INR for solar equipping your property and save 5,000 INR annually; it will take you roughly ten years to cover the cost of investment. There can be a disparity in these numbers depending on the number of solar panels installed, cost of installation and price of the panels.
You can calculate the cost involved and make an informed decision before you choose solar with this calculator.
Make the Right Choice and Save Money
Due to global warming, fossil fuels are at a steady decline, making prices hit an all-time high. With such grave environmental conditions, it becomes hard to predict the fluctuating prices of oil and coal. To ensure that you don’t pay exorbitant prices for necessities like electricity, solar energy is the best route to choose when it comes to saving up on big electricity bills. By upgrading to good quality of products such as a solar battery, panel, inverter and other products, you can save yourself greater costs.