Installing solar panels is the first step toward a greener future. In fact, by doing so, you are already in line with the UN's sustainable development goals of clean energy and climate action. It has several advantages for households, including lowering their carbon footprints and saving the money you pay as electricity bill. Not only that, it can raise the value of your home significantly. Many variables, such as the locality of your Villa, the roof type, etc., can affect the amount of electricity your solar panels generate. You can estimate the money you should invest in a solar power system.
To evaluate the savings potential and the energy output from the system, keep these five considerations in mind when installing solar panels on your house.
Solar Panels convert sunlight into electricity. So it is evident that the more exposure to sunshine, your solar panels will be able to generate more electricity. That's why location plays a significant role in the effectiveness of your solar power panels. Your panels could generate more energy if your home is in a region with a high incidence of sunlight. Even though Villas in areas with more cloud cover can still profit from solar panels, the number of panels required for your system to generate enough electricity can increase.
In addition to the geography of your location, your house's design might hinder your solar panels' ability to produce electricity. Make sure no tall things, such as tower structures or trees, might obscure your solar panels leading to lesser power generation.
There are roofs that can withstand for a more extended period, while there are some that require repair work in a comparatively short span. Some roofs, like the Asphalt roof, have a life of twenty years, so the roof might need repair. If repair works are essential for your roof, do it before installing the solar panels because removing and reinstalling the solar panels can be costly during repair works. The longevity of solar panels is one of its outstanding qualities. Solar Panels of good quality bought from a reputable solar panel supplier can last up to 30 years. You should make sure the roof stays in perfect condition.
The roof type, design, and in which direction it faces - all play a part in the installation. It might cost you more to install panels on flat, ceramic, or concrete roofs because of the support structures needed for maximum efficiency. Depending on the quantity and kinds of solar panels you decide to install, you'll also have to clear out the roof to have enough room for the panels to be installed without any obstacles.
Solar Panels need not be mounted on the roof only; they can also be mounted on the ground. Roof-mounted is widely used, whereas the ground-mounted also offers some unparalleled features that make them a desirable selection.
Ground-mounted panels give the advantage that the roof need not be facing north to use fully. They are also suitable for roofs with less room for installing roof-mounted panels but are expensive because of the labour requirements.
There are panels with trackers that you can decide to install for their ability to move in response to the sun's position. Due to this ability, panels can continuously be in the exposure to the sun, resulting in the generation of more electricity. As the system is advanced, the cost is also high.
There is another option called solar roof shingles. They look similar to the regular shingles, and if you have a roof made out of shingles, then it can be laid over it. It saves a lot of money, generates electricity for your home, and can weatherproof your roof.
You can choose from various solar panel types with different mounting possibilities. To achieve greater returns, contact the manufacturer to know about the efficiency of the solar panels before installing them.
The cost of installing solar panels can be on the higher side and is associated with certain factors such as the size of the solar panel system, your preferred panel type, the brand, and many more. It can cost several thousand rupees, and paying upfront can start your work immediately.
Paying upfront several thousand rupees is not a feasible option for everyone. Banks offer a practical alternative called solar loans in such situations, which you can use fully. These loans can be acquired with a modest downpayment, and you can pay the loan in easy monthly installments.
If your loan application is unsuccessful, leasing the solar power unit is an alternative. The company that owns the panel charges a lease amount and lets you utilize the panels according to your power requirements. You can even enable an agreement between the solar panel company installing and producing power on your premises and yourself to buy the power at a lesser cost for your home.The above method can help you reduce electricity costs and let professionals handle panels, but you are devoid of refunds or tax benefits.
Subsidies on Capital under SRISTI and SAUBAGHYA scheme can tremendously help you reduce the installation cost of your solar panels. Tax benefits include zero income tax for up to 10 years in case of generating income by setting up solar power projects. Other tax benefits include sales tax, excise duty exemptions safeguard or anti-dumping duty inclusions, and custom duty exceptions for project developers. Assured Power Purchase Agreements are made with power generating investors, DISCOM, and the authorities responsible for regulations and purchasing the power at peak power prices for the load that comes to the grid. Renewable Energy Certificates(RECs) are tradable certificates that can provide incentives for every unit generated from solar panels installed at homes.
The best way to find a reputable solar panel firm is to get into a detailed analysis of prices from multiple suppliers, weed out the options that are not fruitful, and finalize the most affordable one after you have considered the suitability of the solar panels for your house. Tax benefits, Subsidies, RECs, and PPAs, are essential points since they significantly increase your savings. You can switch to a sustainable energy source in a few easy steps. Doing so will reduce energy costs for your home and make you a predecessor in taking a firm step towards a future with a lesser carbon footprint.
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