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People often think “why solar energy is good?” and as a result, they fail to understand the importance of solar technology. Solar power has manifestly become the power of renewable resources.
The adoption of rooftop solar has significantly paced up India, especially in Maharashtra, Karnataka, Tamil Nadu, Uttar Pradesh, and Rajasthan. Reasons such as high electricity tariffs, improved net metering policies, and increased awareness among the consumers lead to an increase in rooftop solar adoption. So, do you think switching to solar can be a sound and viable investment?
India has set a target to install 450 GW of solar power plants by the year 2030 and so far achieved its target by installing 34GW solar power plants in the year 2020.
The solar power sector in India is one of the fast-developing sectors. As of 31st March 2021, the country’s solar installed capacity was 40.6 GW.
Installing a solar panel is the best eco-friendly source of energy and also safe and inexpensive. In India, around 1.4 million houses have solar installations. Solar power has the capacity to yield massive financial benefits for your commercial, industrial and residential property.
With financial benefits, there are many other reasons why one should convert towards solar energy. Let us understand why going solar is a good option.
1. Environmental Benefits
By installing a solar panel at your residence or at your commercial place, you are not only attaining monetary benefits, but it is also sustainable. Thus, you are contributing towards a better future making a reduction in carbon footprint with the help of green energy. The dependency on fossil fuels will be minimum and thus will result in less pollution and clean air.
Solar systems are dependent on the sun and thus are widely available free of cost without harming nature. Hence solar panels are the best option to make the earth and environment green and sustainable.
2. Energy Backup Security
Due to the effects of global warming, the change of climate and climate is frequent these days. Such climate change results in wind flow, rain even strong storm surges sometimes. Such sudden climate change leads to breakdown of electricity thus causing huge loss due to stoppage of manufacturing units and various other machines. If you have installed solar panels with battery backup, it can help you from interruptions and worries.
According to the survey records by the Indian Residential Energy Survey, there has been an increase in electric appliances that are star-labeled and energy-efficient. This is a sign that people are looking for options that can help them to reduce their electricity bills. A solar rooftop installation can help to reduce the electricity bill by 80-90% every month.
4. Tax Benefits
Investors in the solar installation are eligible for tax depreciation during the financial year in which the solar panel has been taken.
Income earned from solar energy is exempted from tax for ten consecutive years and is subjective to the norms of the state.
5. Increase in property value
By installing a solar power system you can increase home value by 3-4% the houses with solar energy systems have higher property values. They can be sold more quickly than non-solar furnished homes. Installing a solar panel in your home increases the property value and it is more sellable as compared to other similar properties.
6. Fixed Costs
The monthly expense is likely to differ as per the seasonal changes. The cost is not constant and it might or decrease due to heaters in winter and AC in summers.
With the installation of solar panels, you can have a fixed investment every month. If the panel is grid-tied then you will also gain credits by the month-end.
7. Financial Benefits
We Indians believe in savings for the future. It is the thing which we have in our blood, so we always try to save our earnings in traditional methods such as bonds, shares, SIP, etc. which assures a long-term benefit to us.
Solar systems enable you to generate free power for a period of a 25+ year lifecycle. Solar will reduce your utility bills, and you’ll still save a lot of money even if you don’t produce 100 percent of the energy you consume. Get the best solar panel and reap maximum benefits.
You can generate your energy for many years with little running costs and a long-term decision. Once the solar panel is installed all you need is insurance and yearly maintenance on the panels.
Don’t know anything about solar still considering buying a solar panel system? All you need is to get in touch with a solar installation company to determine if you stand to benefit from solar panels. Get in touch with SR Corporate Consultant Private Limited, one of the leading solar rooftop companies, our expert team will help you to find the best solution as per your needs.
At SR we offer a complete EPC solution for a rooftop for both residential and commercial solar PV installations. Reach out to our team with your latest electricity bill, our engineer will visit your site, and they will take care of the complete solar rooftop installation for the home or commercial building. We also help to arrange finance like loan facilities for large industrial or commercial solar projects.
Get the solar panel installed and reduce the dependence on fossil fuels which will result into less carbon footprint. Contact us now at 8966002620.
MNRE updated benchmark cost to set the upper cap of the price of the GCRTSPV system for FY 2020-21No clarification on any benchmark specification of the solar system is providedThe cost is average 20% lower than the benchmark cost of FY 2019-20Some unethical System integrators are offering low-qual...
“Carbon footprint” is one of the phrases that had made its way in our daily discussions from the climate analysis papers. As we tend to grow a lot of privy to our surroundings, it happened naturally.
What is a carbon footprint?
Carbon footprint is nothing but the amount of carbon dioxide released into the atmosphere. It is the result of the activities carried on by a specific individual, community, or organization. One can calculate his carbon footprint which equals the sum of all emissions of CO2 (carbon dioxide) induced by your activities in a given time frame (typically one year).
Transportation, consumption of fuels, manufacturing of goods, are some of the activities that emit greenhouse gases on a large scale. It is not that only commercial activities contribute towards carbon footprint. Some routine activities also contribute towards carbon footprint. For example, driving to the shopping mall burns a certain amount of fuel, and fossil fuels are the primary sources of greenhouse gases. But that grocery store is powered by electricity and its employees also drove to the work, thus the store has its carbon footprint. Hence, from large scale to small daily necessities like cooking food and turning on the light, everything contributes to the carbon footprint. Till 2019, the daily CO2 emission level stood at 409.8 ppm (parts per million) globally.
Facing facts: Activities that contribute at least 1 kg of CO2 to the environment:
With the increase in population, it will soon spread beyond the safety levels. Records show that China, India, and United States rank at the top in CO2 emission. They are estimated to project approximately 70% of global CO2 emissions in the future. With the boom in population, India’s CO2 emission is increasing by 2.7% every year.
Quite shocking right? Don’t panic. We can do many small things to reduce our CO2 emissions like:
So, taking preventive measures only could not stop the spread of growing carbon footprint. To reduce and eliminate carbon footprint, it is important to change the source of energy, which is one of the reasons behind CO2 emission. We need to have our focus on solar energy as a feasible replacement for conventional energy. Solar energy is globally accepted as it is easy to install, affordable, and requires less maintenance.
Solar Power is the KEY
The effects of increasing carbon footprint are not so elusive a question anymore. We all are aware of how our environment and society are paying for continued fossil fuel usage. Although the concept of solar energy wasn’t new, we just had wasted time in thinking that the continuous and potential usage of fossil fuels outweighs its dangers.
Now, as we know how conventional energy usage choices are the primary causes of greenhouse gas emissions, selecting solar energy can help to cut down the carbon footprint of a household almost by half. Solar panels can generate power with least or zero emissions. The generated power can be used to feed the energy demand. It can perfectly replace conventional energy needs with green energy. Green energy is capable of reducing carbon footprints annually. 1 Kilowatt of green energy is capable of reducing 3000 pounds carbon footprint annually. So, every year even a 5KW solar plant can save approximately 15000 pounds of CO2 by making a huge contribution in protecting our environment from global warming and other related issues. With the investment in solar energy, you can reduce the usage of fossil fuels.
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