With the threat of climate change rising due to increased carbon emissions, many countries are moving towards renewable energy options to replace conventional fossil fuels.
Solar energy has arguably been one of the most successful renewable energy options. When you consider the benefits of solar energy and how the prices are decreasing with time, the future of electricity generated by solar power looks bright.
The benefits of solar energy include a sustainable alternative to fossil fuels and a low impact on the environment, and the potential for any country to produce it. One solar solution that is being opted by most households in India is a solar panel system.
A solar system for home comprises solar panels, a solar inverter, and a battery backup system. Solar panels convert sunlight into direct current (DC), and then this power is transformed into alternating current (AC) by a solar inverter which is used by most home appliances. In some cases, there is a solar battery with the system that helps to store the surplus power generated. This surplus power can be used during electricity cuts or on cloudy days.
Let’s understand the benefits of installing a solar system for home in detail:
- Reduction in Electricity Bills
Electricity costs can account for a substantial portion of your monthly expenses. Equipping your home with a solar system will help you produce your own electricity to run all the appliances. And even if you don’t generate 100% of the electricity you need on cloudy days, they will still help you lower your electricity costs and save you a significant amount of money.
2. Low Environmental Impact
Compared to fossil fuel combustion to generate power, a solar system for home has a much lower environmental impact. Since solar systems do not need to burn any fuel, the greenhouse gas emissions are negligible. Furthermore, although concentrated solar thermal plants (CSP) are inefficient in terms of water consumption depending on the form of technology used, the right technology dramatically improves performance. In contrast, photovoltaic (PV) solar cells produce electricity without the use of water.
3. Increase Your Property Value
Homes with solar energy systems have higher property value and sell faster than those that do not have such solutions installed. Solar panels are gradually being taken into account by appraisers when assessing a property’s worth at the point of selling. Hence, the demand for homes with solar panel systems will continue to increase in the near future.
4. No Such Loss in Energy Transportation
During transportation and distribution, about 3-5 percent of energy is wasted on average. The more the distance between the output and supply joints, more energy is wasted. The energy loss might seem less at a given point of time, but it may have a major effect on heavily populated areas. Installing a solar system for home on the rooftop will help reduce the distance, improving its effectiveness.
5. Government Initiatives
Solar projects have been funded by both central and state governments. As a result, you can receive a subsidy of over 40% on Solar PV Systems’ capital costs for both rural and urban units in India depending upon state wise subsidy policies.
You are not only choosing a greener, more effective way of life for your house, but you are also benefiting the world by switching to sustainable alternatives like solar system for home. When you decide to buy a solar system, always explore options from reputed manufacturers like Luminous. They have a comprehensive range of solar systems for home in an affordable range. You can contact their solar expert to know more!
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