Solar power system saves a lot more than just your electricity bills. Solar energy is one of the most efficient renewable energy sources that everyone can access with the help of the government’s financial aid. Solar energy helps us conserve the natural resources used to generate electricity.
But does a solar panel for home really reduce your electricity bill? The short answer is yes; it does. Once the initial cost of the solar panel installation is covered in 5-7 years, you’ll enjoy free electricity for the 20+ years of the solar panel’s lifecycle. Furthermore, net metering can also help you generate solar savings on your electricity bills with the credit system.
The benefits of solar energy for savings
The following are a few benefits of solar energy that lead to sustainable living and savings.
Reducing electricity bills
Solar energy powers the appliances in your home. Thus, with solar energy, you can reduce your reliance on the grid for electricity supply. It helps you significantly reduce your electricity bills. If you have optimum sunlight exposure, solar savings on electricity bills can be upto 70% to 90%.
Environmental benefits
The benefits of solar energy also include environmental safety. As more and more people switch to solar power systems, the reliance on fossil-fuel-based energy has reduced significantly. This leads to reduced carbon emissions and greenhouse gas production. You can create a sustainable future and attain the national net-zero target by opting for solar energy.
Net metering
Net metering connects your solar power system to the local utility supply chain. Thus, when your system doesn’t produce sufficient energy, you can use the local utility supply. However, when your system produces more electricity on sunny days, you can supply the excess electricity to the local utility and get credit rewards to pay the electricity bills.
Factors affecting solar savings on electricity bills
A solar power system typically includes solar panels, an installation mounting framework, an inverter, and batteries. The choice of these elements affects your solar savings. Therefore, use a solar calculator to understand your electricity needs, savings, and ROI on the solar power system. The following are a few factors for better solar savings.
Solar panel efficiency
The solar panel’s efficiency shows how much electricity it will generate. Bifacial and TOPCon solar panels have the best efficiency, ranging from 22% to 25%. If you live in a cloudy area, you must consider investing in a higher-efficiency solar panel to generate sufficient electricity. However, if you have consistent sunlight exposure, you can opt for other options with 20% – 22% efficiency.
The more efficient the system, the more electricity it will generate, resulting in lower electricity bills.
Your energy consumption
Understanding your energy consumption is a crucial factor in designing a solar power system. You need to select a solar capacity that matches your consumption to minimize your reliance on the local grid. Gather your monthly electricity bills (preferably for more than 9 months) to calculate your average monthly consumption.
Local electricity rate
The use of solar energy has led to reduced demand for fuel-based electricity. This also reduces the local electricity rate. Thus, when you use grid electricity, your bill will be considerably lower.
Solar panel’s durability
A solar panel’s durability affects its output. Therefore, you should choose solar panels from credible manufacturers such as Sunora Solar. In addition to quality, we offer excellent maintenance services to maintain your solar system’s efficiency.
How can Sunora Solar help you save on electricity bills with a solar system?
Sunora Solar is one of the most trusted solar panel manufacturers in India, offering high-quality panels and EPC solutions.
We can help you understand your consumption needs, create an effective solar solution, and offer expert installation services. Furthermore, our team will provide you with maintenance services for excellent performance.
Whether it’s a small home or a large commercial project, we can handle customize solar solutions tailored to your needs. Contact us for consultation.
Conclusion
A solar power system is a great way to cut down your electricity bills. Solar panel will meet 80% of your electricity needs on sunny days. On the other hand, with the help of net metering, you will be able to offload the surplus power to the grid and earn credit points in return. These credit points can then be used to pay your electricity charges. Analyze your electricity consumption, solar panel efficiency, and durability when choosing the solar panels. Sunora Solar can provide you with a solar energy solution that reduces your electricity costs. Please contact us for more information.
FAQ
How much can you save after installing a solar panel?
The solar saving on electricity bills depends on the solar panel efficiency, sunlight exposure, your consumption, and regular maintenance. However, on average, solar panels can save up to 70% to 90% on your bills.
How to calculate ROI on a solar power system?
When evaluating ROI on a solar power system, consider installation cost as the main investment and the savings made annually as the return. The payback period of the installation cost depends on these savings. After the payback period is over, you will enjoy almost 20 years of free electricity.
How long does a solar panel last?
High-quality solar panels have a lifecycle of 25 years. However, advanced solar panels, such as TOPCon, can last up to 30 years. Choose a reliable solar panel company, such as Sunora Solar, for such long-lasting solar panels.
How often should I need solar panel maintenance service?
You need professional solar maintenance services once or twice a year because you can clean the dust and leaves yourself. However, if you live in a sandy area, it is recommended to schedule quarterly maintenance services. If the solar panels are mounted in a risky area, you should contact an expert for cleaning. Sunora Solar offers expert operations and maintenance services. Contact us to know more.
