4 reasons to switch to solar energy

April 4, 2024

Repeatedly, we have all heard of the need to transition to renewable sources of energy. So, let us understand the benefits of solar energy in India and how solar power can be a necessity in the future.

One of the major benefits of solar rooftop in India is a reduction in electricity bills by up to 90%. Other benefits of solar rooftops in India include very low maintenance costs with the lifespan of the rooftop solar system being at least 25 years.

The total installed solar capacity was 6 GW in 2016. As of March 2019, the total installed solar capacity stood at 30 GW, accounting for an increase of more than 5 times in 3 years.

Here are some advantages of solar energy in India that have led to the adoption of solar energy at a rapid rate:

Environmental benefits –

By going solar, you are using a green and clean source of energy, which greatly reduces your carbon footprint. It does not produce any carbon dioxide or heat-trapping gases that contribute negatively to climate change. Installing a 3kW solar system will contribute to reducing 5 tons of carbon dioxide annually and is equivalent to planting 80 trees every year.

Financial benefits –

Solar panels are a great investment. Returns from solar are preferred over traditional investments such as FD, and gold and are risk-free, unlike the stock market. This is because you can expect a Return on Investment (ROI) of 30% while investing in Solar Rooftops in India. With subsidies for homes and accelerated depreciation benefits for commercial and industrial customers, this is the best time to invest in a solar rooftop.

Low Maintenance –

Solar panels have an average life of 25 years. The maintenance needed is low. Dusting the dirt off the solar panels is sufficient, unlike other power generation sources that need constant upkeep.

Space utilization –

Rooftop Solar panels generally do not require a lot of space. A 1kW solar system only requires 80 sqft of shadow-free space. Hence, solar panels can be easily installed on an unused section of your rooftop or in a common area of your community. We at Freyr Energy, believe anyone can transition to solar with ease and reap its benefits. Our AI-enabled app, Freyr Energy App will give you all the necessary information you need to make an informed decision and make the switch to solar.

FAQs

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There are four key benefits of installing solar panels and reaping the benefits, including: Environmentally friendly with no carbon and pollution emission Financially rewarding with nearly 30% ROI on the installation of the panels Reduced maintenance cost that requires dusting of the panels Consumes less space, with only 80 sq ft of open space required for installing a 1 kW capacity panel.

If you are switching to solar energy, you are essentially adopting a carbon-negative and green source of energy alternative. Therefore, with no use of coal-led power, solar energy allows for reducing the carbon footprint in society.

The average lifespan of solar panels is about 25 years for optimum performance. There have been instances of panels exceeding the time period, but on an average, it is about 25 years.

Solar panel maintenance requires minimal maintenance. With basic dusting and cleaning of the panel head would ensure optimum generation of energy for up to 25 years from installation.

Installing solar panels does not occupy huge space. Ideally, it takes about 80 sq ft of open and shadow free space for a house to install solar panels of 1 kW capacity. Our AI-enabled app gives the exact space projection for various sizes of higher-capacity panels.

Solar energy investment is known for its stable returns and generates up to 30% benefits on investing. With a stable ROI and the panels' ability to contribute to the price raise for home reselling, investing in solar gives you returns till you plan to sell the property for a better rate.