April 16, 2024
- Category
<p>The effects of climate change and global warming have become increasingly visible in recent years, with record-breaking temperatures, melting glaciers, rising sea levels, and more intense natural disasters. This has led to a growing awareness of the need to live more sustainably in order to reduce our carbon footprint and mitigate further environmental damage. One area that has seen rapid growth is the adoption of solar energy solutions for homes.</p>
<p>Solar power offers a clean, renewable way for households to meet some or all of their electricity needs while also saving money on power bills. The falling prices of photovoltaic panels, combined with government incentives, have made going solar more affordable than ever. This blog post explores the different solar energy system options available for Indian homes and the benefits they provide.</p>
<p><strong>Solar Power Systems for Homes</strong>:</p>
<p>There are two main types of solar panel systems used in residential settings:</p>
<p><strong>1. Solar Rooftop Panels</strong>:</p>
<p>Rooftop solar panel systems, also known as solar PV systems, involve installing an array of solar panels on the roof of a home. The panels generate DC power when sunlight hits the photovoltaic cells. This DC current gets converted into AC current with the help of an inverter for powering home appliances.
Rooftop systems are the most popular solar option for households since they can meet a significant portion of the home’s electricity needs. The number of panels installed depends on factors like the available roof space, energy usage, and budget. Excess power generated gets exported back to the grid, which helps offset future electricity bills.</p>
<p><strong>2. Solar Water Heaters</strong>:</p>
<p>Solar water heating systems have solar thermal collectors installed on the roof. These collect heat from sunlight to warm up water stored in an insulated tank. The hot water gets piped down into the home for bathing, washing, and other heating needs. This helps reduce the use of electric or gas geysers.
Solar water heaters provide an efficient way to harness the sun’s energy for domestic hot water requirements. They can typically supply 60-80% of a household’s annual water heating needs in India’s climate. This offers substantial savings on monthly utility bills.</p>
<p><strong>Benefits of Going Solar</strong>:</p>
<p>Installing a rooftop solar system or solar water heating system offers the following key advantages:</p>
<p>• Reduced Electricity Bills: Solar panels can generate enough power to meet 40-60% of a regular household’s electricity usage. This significantly lowers monthly power costs.</p>
<p>• Hedge Against Inflation: Electricity tariffs from distribution companies keep increasing. But once you install a solar system, you lock in cheap, renewable power for decades. This protects against rising inflation.</p>
<p>• Improved Grid Stability: Solar energy fed into the grid helps improve power quality and stability. Rooftop solar also reduces daytime peak load on the grid during intense sunshine hours.</p>
<p>• Low Maintenance: Solar PV and water heating systems require little to no maintenance once installed properly. They last 25-30 years with minimal upkeep or intervention.</p>
<p>• Increased Property Value: Homes with rooftop solar systems have a higher resale or rental value as buyers prefer properties with lower utility bills.</p>
<p>• Reduced Carbon Footprint: Using clean solar energy lowers a household’s dependence on fossil fuels. This cuts down on carbon emissions that drive climate change.</p>
<p><strong>Financial Incentives Available in India</strong>:</p>
<p>The Indian government aims to increase solar capacity to 100GW under India’s renewable energy goals. To accelerate the adoption of home solar systems, central and state authorities offer various subsidies and tax rebates, such as:</p>
<p>• Accelerated depreciation of up to 40% on solar investments</p>
<p>• Customs duty waivers and GST exemptions on certain solar components</p>
<p>• Subsidies under MNRE and state-level solar policies to buy down costs</p>
<p>• Net metering policies in over half of India’s states </p>
<p>• Income tax deductions of up to ₹1 lakh on home solar loans</p>
<p>These financial incentives bring down the overall cost of a new solar system by 20-30%. Most solar panel suppliers and installers can help homeowners choose the right solar scheme and tap into relevant subsidies or rebates.</p>
<p><strong>The Falling Price of Solar</strong>:</p>
<p>What has really spurred the adoption of solar power globally is the dramatic fall in solar PV prices. Costs have dropped by over 80% in the last decade! This makes rooftop solar power cheaper than grid power tariffs in most states. Advancements in panel efficiency and economies of scale have made solar more affordable and accessible.
Experts predict that solar technologies will only get cheaper as more homes and businesses go solar. As emission reduction targets get more aggressive, solar power is poised to become the mainstream source of energy for buildings in the near future.</p>
<p><strong>Conclusion</strong>:</p>
<p>The environmental and economic benefits of harnessing solar energy are clear. With supportive government policies and the rapidly falling prices of solar panels, systems have become very cost-effective for residential usage. Home solar solutions provide a sustainable way to reduce household electricity bills while also doing one’s part for the planet by lowering carbon emissions.
Waaree offers high-quality solar panels and complete design and installation services to seamlessly adopt solar power solutions for your home. Our team of experts can recommend the most suitable solar system based on your location, usage needs, and budget. Investing in rooftop solar or solar water heating helps build a clean energy future while saving lakhs over a system’s 25+ year lifetime.</p>
<p>Go solar today to power your home with free sunshine from the skies! Drop in an enquiry to learn more about the right solar options for your household energy needs.</p>
