How much money solar rooftop systems can save for Households in Ahmedabad, Gujarat?
With so many smart investment opportunities available in today’s day and age, it’s easy to be skeptical of new products that boast promises of “saving you tons of energy.” Solar panels which help to save money by reducing your electric bill are one of the main appeals and selling points for solar as a product and home upgrade.
Direct hours of daily sunlight and the size and angle of your roof are both necessary, but local electricity rates play the most significant role in determining how much solar can save you.
How much money do solar panels save you on electric bills?
The first step to understanding how much solar power can save you is calculating how much you are currently spending on electricity every year.
|System||Installation Charge (In Rupees)||Saving/month (In Rupees)|
Note: Provided installation cost will be valid till 31 March 2022.
Next, we need to determine the utility bill for the next few years, considering the volatility of electricity prices. When comparing the costs of utility power and solar power, it should be noted that electricity prices increase each year. Over the last decade, the country’s electricity costs have increased by about 1.3% annually.
Inflation in electricity prices is an additional incentive for solar energy. When a rooftop photovoltaic (PV) system produces its energy, it fixes the energy cost at a fixed rate. This means you don’t have to worry about variable utility charges.
Are there still utility charges with solar panels?
A common misconception about installing solar panels is that the electricity bill is wholly gone. Even if you install enough solar panels to offset your electricity usage completely, you will still receive electricity charges from the utility as long as the property is connected to the grid. However, that doesn’t mean that you always have to add money to your invoice-the reasons are:
Thanks to a say solar policy available in most states, solar panels will soon be available. Produces renewable energy that is not consumed and supplies it to the grid in exchange for electricity bills. This allows you to draw energy from the grid at night (when the sun isn’t shining and powering the solar panels), but as long as you pull the same or less as you put into the grid.
You don’t have to pay extra money. The remaining electricity you pulled from the grid that wasn’t offset by Say solars and wasn’t produced and used immediately at your home is where you might see small charges for electricity.
Notably, the bill may not ask you to pay anything and indicate how net metering credits offset your usage for the month. Anyway, installing solar panels will almost certainly reduce your monthly average utility bill and, in some cases, eliminate your monthly electricity bill. Solar panel systems can bring significant savings to homeowners.
The decisive factor is mainly the electricity bill, which varies greatly depending on where you live. However, as a rule of thumb, if you live in a state with medium to high utility bills, solar power is a risk-free investment and can be very profitable. In terms of emissions, as the modular system grows, so does the reduction of CO2 in the environment, making solar an environmentally friendly investment.
If you are looking for a customized quote for potential solar savings and the cost of your solar panel system, then contact us. When you’re ready to review quotes and installation costs from pre-scrutinized solar companies in your area, visit the Say Solar Marketplace.