How Much Money Can You Save By Going Solar

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How Much Money Can You Save By Going Solar?
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While the environmental benefits of going solar
are well documented, and it is widely considered
to be a viable solution to help us overcome the
rising problem of climate change, one often
overlooked advantage of going solar is the
financial benefits it brings. When you are
producing your own electricity using your rooftop
solar system, you are inherently not dependent on
the local electricity supply helping you save up
to 80 on your electricity bill monthly. Using
net-metering, you can potentially also export the
excessive power that you may have produced and
further import it at the night time when your
system is not producing the energy.
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Another point to note is that for a rooftop solar
system, the tariff for the next 25 years is
decided at the time you sign the PPA (Power
Purchase Agreement). This potentially insulates
you from inflation and the shocking rise in price
of electricity due to external factors like the
coal crisis the country is going through helping
you to plan your expenses. Most of the solar
systems, depending on their size and capacity
have a payback period of about 3-4 years. This
means, for all practical purposes, you are going
to be producing your own power and consuming it
for free.
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Lets try and understand the financial benefits
of going solar through our in-house developed
tool, which is the MYSUN Solar Calculator and
give you a quick snapshot of your solar savings
potential within ten seconds. All you need to do
is input your location, electricity bill amount
and the category of your establishment and you
have all the information you need to make an
informed decision about going solar.
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We will take an example of a residential home in
New Delhi at Vasant Kunj, which is spending about
INR 6,000 every month on an average on their
electricity bill. This amount obviously will be
higher in summers, owing to the ACs that will be
operating and slightly lower in the times of
winter when the power utilization is lower. On
that note, you would be interested to note that
your solar system is perfectly capable of
handling all the loads of your property, provided
the capacity of the system while designing is
appropriate.
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This is why at MYSUN, our engineering team spends
a lot of time analysing your electricity bill and
personalising a solution that gives you the most
economical yet, highest possible returns on your
investment making your journey towards
solarization comfortable and rewarding.
Lets get back to the example we were talking
about. For the bill amount of INR 6,000 a month,
the solar calculator recommends a system of
6.3kW, which will allow you to save almost 82 on
your monthly electricity expenses. Your system
will pay itself back in less than 5 years. In
fact, you can utilise this link to be able to go
through our findings.
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Not only this, you can avail a variety of
financial offerings that MYSUN has to make your
journey even more affordable on your pocket.
So, there you have it, you stand to save Lakhs
and Lakhs of Rupees over the 25 years lifetime
period of your solar system. So go ahead, and
give your MYSUN Solar Advisor a call and get
started on this journey of mega savings.

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y-rooftop-solar-can-save-you/
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