The sun is such an incredible source of energy, and the advantages one gains from its power at home are so many. Farther into the 21st century, solar power is one of the continuing icons for sustainability in terms of decreasing our carbon footprint and saving energy costs. Attending to what was mentioned earlier, we will explain in this blog the benefits and the process involved in installing solar panels at home, considering only the very latest trends and data from 2021 up to date.
Advantages of Solar Panels
Cost Savings: Of all the possible reasons to install solar panels, one of the most important is cost savings. A person creating his self-sustained electricity will either reduce or completely avoid paying electricity bills. With escalating energy costs, this may be a great saving over some time. India has seen a slash in the price of solar panels by almost 80% over the past decade, thereby making them affordable for people.
Environmental Impact: Solar energy is a renewable and clean resource. With solar panels, you use less of that fossil fuel that causes environmental damage. According to a report by the International Energy Agency in 2023, solar power has contributed to reducing global CO2 emissions by over 800 million tons annually.
Energy Independence: By providing self-generation of power, solar panels come in handy during power outages and in remote areas. In addition, with the advancement in storage batteries, one can store the excess energy produced for use later when the sun is not shining.
Increased Home Value: Solar panels are fitted on a house, tending to increase its value. According to an NREL study, homes with solar panels sell 20% faster and at a premium as compared to those without.
- Government Incentives: Geographical governments provide incentives to the people for the installation of solar energy. The Indian government subsidizes and allows tax benefits on residential solar installations. It has started PM-KUSUM for the installation of solar pumps and grid-connected solar power plants.
Process of Installation of Solar Panels
Assessment and Planning: First of all, check your home's solar potential. Check the orientation, angle of your roof, and sunlight it receives. Firms mostly use tools such as Google's Project Sunroof to estimate their savings from solar.
The Right System: Solar panels and the systems themselves come in several variants. The monocrystalline panels have higher efficiency and space efficiency, while the polycrystalline panels are more pocket-friendly. Be certain whether you need a grid-tied system, wherein everything is directly connected to the local utility grid or an off-grid system with its battery storage.
Get Quotes and Financing: Provide estimates from various solar installers to base their price and quality of service on. Most companies have different finance options available for one's installation, such as solar loans, leases, and PPAs. Now, even banks in India, including SBI and PNB, are funding solar installations.
Installation: Once you've chosen a company and a system, it's time for installation. This generally takes one to three days depending on the complexity of the system. The installer mounts the panels and then hooks up the inverter, connecting it to your home electrical panel.
- Inspection and Activation: The installed system shall have to be inspected and passed by the local authorities to ensure it matches the required safety and regulatory standards. Once your system is approved, it can be activated, and you start generating your solar power.
Conclusion:
Embracing solar energy is not only a smart financial move but also towards a sustainable future; how the Sanskrit phase goes in, "सर्वे भवन्तु सुखिनः" (Sarve Bhavantu Sukhinah), "May all be happy," so with the adoption of solar power be it in a state of the planet, happy and healthy. For saving cash in energy bills, trimming down your carbon footprint, or increasing your property price, solar panels have loads of benefits that can surely pay off.