Are Solar Panels Worth the Investment?

Are Solar Panels Worth the Investment?

In recent years, a lot of emphases has been placed on green and sustainable energy. Sustainable energy sources like solar, wind and hydrothermal energy are being greatly promoted by the government.

A lot of people are switching to solar energy and are installing solar panels in their homes. Installing solar panels in your home, will lower your electricity bills and will be a great investment for your future. The target set by the Government for rooftop solar panel installation is almost 100 GW by the end of 2022.

The major question around solar panels is installing solar panels worth it? The answer is YES. Solar panels have a lot of benefits apart from reducing your electricity bills. Solar panels are not only cost-effective but are also efficient and are worth investing in if, you purchase solar panels from reputable installers.

Should you install Solar Panel in your home?

We spoke about the different benefits of Installing Solar Panels in your home, now, let’s talk about whether installing a solar panel for your home is the right choice.

Solar Panels is a good investment for you if your home meets the following criteria:

If your house meets any of the criteria solar panels are not the right fit for you:

Is Solar Panel worth it in India?

1) Suitable for Indian Climate-

Solar panels not only require ample area for installation, but they also require enough sunlight to convert them into electricity. India is luckily situated in an area that receives sufficient sunlight.

2) Low maintenance and no additional costs-

Installing a solar system is a one-time cost and does not require any additional cost apart from the usual maintenance cost. Solar panels require very little maintenance at a very low cost.

They often come with a service life of 20+ years with proper maintenance making it a great solar power return on investment. The ROI on solar is comparatively higher than other forms of sustainable energy. Solar promises an ROI of 20-30%. With attractive ROI and longer payback periods, it is one of the safest forms of investment.

3) Long term financial benefits-

Solar systems are a long-term investment that is modern and sustainable. Solar systems usually come with a service life of more than 20 years with proper maintenance. They are a clean, sustainable source of energy and will help you to cut down your electricity costs in the future.

Solar promises an ROI of  25-30%. Investing in rooftop solar is one of the safest investments as it promises attractive paybacks; with a payback period of 3-5 years.

Conclusion-

Solar panel systems offer numerous benefits mentioned above but are only possible when you get help from a trusted solar expert. A 5 kW solar system is equivalent to reducing 7.3 tons of carbon dioxide emissions every year.

Installing a solar system will be the right choice for you, if, your home meets the above criteria. Installing solar systems is a step ahead toward a clean, sustainable and profitable future.

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