The rooftop solar system is a revolution in the renewable energy field. Residential solar capacity under the PM Surya Ghar Yojana in India has grown to an imposing capacity of over 3 GW in just one year, with a target of reaching 30 GW by 2027. On a global basis, solar adoption is growing faster than fossil fuels by 10 times, and rightly so.
The cost of solar panels has come down drastically and now it is more economical to harness the sun’s power than ever before. Homeowners today can recoup their investment within 4-6 years, enjoying savings in electricity bills upto 100% depending on the space that is accessible and capacity and potential increases in property values of up to 20%. The change is being strongly backed with incentives from the government subsidies like an upfront 78,000 from the central government is being considered apart from the state subsidy initiatives on the installations and the main advantage of non-residential settings is accelerated deprivation and non-DCR panels. Here the cost for non-DCR panels is very low compared to DCR which is equal to the subsidy.
The effect, however, is not only economic. One 3 KW solar system can eliminate 3-4 tons of carbon emissions per year equivalent to planting 100 trees each year. Given skyrocketing energy prices and climate disasters galore, the solar solution has moved from being good to being completely necessary.
Myth 1: “Solar Panels Cost Too Much”
Solar is nowadays more affordable than you think.
Let’s take the biggest worry out of the way upfront cost. Yes, building the installation of solar panels needs investment upfront; however, the term ‘too expensive’ ignores three facts.
1. Prices Have Drastically Dropped
Not so long ago, solar panels were for the well-heeled. Today, their price has come down by nearly 60%, thanks to competitive and new technology. The cost of what was once ₹5 lakhs may now be reduced to about 2 lakhs for a standard home system.
2. Solar Self-Sustaining -LONG LIFE
At once, most householders saw their electricity bills reduced by more than 50%. In 4-6 years, the system on average pays for itself through savings. After that? Power for free for 20-plus years.
3. Simple Financing Options
Banks and financial institutions have devoted low-interest “green loans” for solar purposes. Exolar Energy also has plans with zero-down-payment and leasing models. No cash is required to start saving.
Myth 2: “Solar Does Not Function During Rains or in Cold Weather”
Reality: Panels Work Rain or Sunny Day
A very popular myth asserts that solar panels only work on days of intense sunlight. However, it is a fact that they might generate power quite efficiently in virtually all weather conditions—rain, cold, or shine. Modern panels utilize direct sunlight. Therefore, energy is produced even on cloudy days (from 30–50% of that generated on sunny days).
In fact, cold weather contributes to the efficiency: the cooler temperatures reduce thermal losses, and snow would often slide off the inclined panels, reflecting sunlight and increasing output for bifacial systems. A little incremental performance decrease occurs due to high temperatures: panels lose 0.3–0.5% efficiency for each °C rise, but this can be dampened by heat-tolerant material and/or other designs that sustain airflow.
So sure, whether in snowy mountain areas, in very rainy places, or simply hot deserts, this is one kind of technology that supports energy generation all year, provided that the system is well designed.
Myth 3: “Government Subsidy Are Hard to Get”
Truth: More Accessible Incentives than Ever
Most people assume that subsidies are either too little or too much effort to claim. Well, that’s not true. Here’s what you might be able to use:
1. Quick Subsidy Disbursal under PM Surya Yojana
In India, a massive part of the cost of setting up rooftop solar systems is reimbursed under the PM Surya Ghar Yojana, which covers up to 40% of installation costs. The customer will be receiving the subsidy within a time span of 1 month to his/her account. It used to take almost a year before that.
2. Deductions and Net Metering
– Tax Deductions: Claim income tax rebates for as much as 40 % accelerated depreciation.
– Net Metering: Emphasis on net metering by the government would enhance the on-grid system demand and would make it economically approachable when compared to battery-based systems.
3. We Handle the Documentation
At Exolar Energy, we conduct you all the way-from subsidies application to meter installation. Our team is committed to ensuring that you receive all the due benefits.
Ideal Time to Adopt Solar Energy
Rooftop solar is now not a fancy thing anymore; this smart economic choice is available for householders and businessmen alike. With soaring energy bills and increasing climate challenges, solar power emerges as a worthy, money-saving contender throughout. Here are reasons you shouldn’t delay:
Lowest Prices
Prices of solar panels have declined by over 80% during the last decade. Map the several incentives offered by governments (like the PM Surya Ghar Yojana in India), and one can see that it has never been cheaper to install the systems.
Save More with More Profit
Solar power reduces electricity bills by 50% or more. Most systems will recover their installation costs in about 4 to 6 years; after that period, free electricity for decades! Solar homes command higher prices and sell quicker.
Independent from an increase in power price.
No tension of increase in grid power.
Planet-Friendly Power
A mere rooftop system can eliminate anywhere from 3 to 4 tons of carbon emissions per year, equivalent to planting 100 trees in a year.
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