Solar energy has unlocked tremendous potential for commercial spaces and residential use cases. The energy potential allows users to contribute back to the environment by using the cleanest source of power, as well as reduce monthly current bills.
Yes, it is easy to reduce electricity bills with solar power in the frame. The energy potential and naturally abundant source enable users to power up their houses, thereby, reducing the grid power dependency. With schemes such as net metering available, users can save more on their monthly bills by sending back excess unused power to the grid in exchange for credits. Thus, there are other lucrative opportunities for users who choose solar as an alternative energy source. Let us check out some of the benefits of solar energy for homeowners.
Explaining the benefits of solar energy
Reduction of monthly power bills
Over the years, the cost of coal has increased consistently. This has directly affected the cost of power generation and subsequent increase in electricity bills. With the prices of conventional power shooting beyond proposition, the use case of solar energy has been a great respite. The panels do not consume coal or carbon alternatives, which pollute the environment or have a price-rise aspect associated with it. Therefore, solar generates power in the cleanest form and any excess power can be saved in batteries or sent back to the grid for net metering. Overall, this solar power cost saving technique is financially rewarding, considering an average solar panel can sustain high performance for nearly 25+ years.
Ecological and environmental benefits
Solar energy is a reliable source of green energy and comes with a resounding environmental impact. Unlike coal-led power, the power generated does not emit any harmful greenhouse gases like CO2 and NO2, which are considered to leave long-term environmental hazards. The rapid climate change and ozone layer depletion have a lot to do with these emissions that rip apart the ecology. Additionally, these coal plants require a hefty amount of water, which in a real sense is becoming more and more scarce. With solar energy, these issues are sorted systematically and there is a hefty reduction in carbon usage.
Net Metering benefits
One of the biggest underrated advantages of going solar is to make the most of net metering schemes. One of the easiest and most practical ways to save money is via net metering. Consumers eyeing solar panel savings can check with their DISCOMs and apply for net metering. With this, any excess power generated by the solar panel is directly sent back to the main power grid. In exchange, the DISCOM provides credits that can be redeemed to further reduce power bills. Furthermore, this provides a shield from any power cut, which might hamper downtime. Thus, net metering is a great scheme that benefits both parties.
How does Freyr Energy decode the right panel size with utility bills?
Freyr Energy is a well-famed name in the solar panel industry with expertise in working across the country. Our presence and knowledge of the solar industry have made us a reliable name in this day and age. Our experts have the right knowledge and the ability to guide you with the right suggestions before you embark on a solar journey. However, as with any house across India, the power consumption varies from one place to another. Not all houses have the same pattern of power consumption.
To analyse the pattern and power consumption, Freyr Energy follows a process that requires them to assess your monthly utility bills. This allows us to determine the future calculations on how much do solar panels save on your system. It also allows us to conclude aspects that help suggest the right type of panel to generate solar energy for your property. Here is why Freyr would require checking your bills:
- To check consumption details month on month: Your monthly electricity bills allow us to suggest the right solar panel design to suit your power needs.
- To calculate ROI on solar panels: Calculating solar panel cost savings is essential to determining the ROI on panels. With your monthly bill amount, we can determine the time it would take to get the ROI. This could be anywhere between 3-5 years based on the power consumption.
- To make futuristic predictions on panel requirement/performance: It is easy to predict the panel performance by looking at your current bills. More so because it allows us to figure out the right panel size and the power potential according to the location, weather conditions, and other factors. These deductions can help you understand the panel performance as well as know how much power could be generated at a given time.
- To assess subsidy estimates: The government subsidies are based on the size of the panel installed. With billing information, it would become easier to understand the users’ monthly savings and expenses regarding the subsidy they would receive.
- To provide bill assessment savings: As for someone new to adopting solar energy, assessing the bills will help in understanding the difference that a panel installation would bring to the table.
Conclusion
Solar energy has the potential to reduce your monthly power bills. With natural sunlight becoming your chief source of power, this ensures a hefty reduction in monthly power bills. Additionally, with options like net metering, consumers can reduce more with solar power.
Finally, feel free to contact Freyr Energy today with all your solar needs.
Frequently Asked Questions
With the help of natural solar energy, power is generated via the panels. This is how they reduce electricity bills month on month.
With the Freyr Energy Solar App, it is possible to track down the monthly electricity bill consumption with solar.
Solar panel savings depend on the type of panel installed and the power consumed. They also largely depend on the users.
Net metering allows you to send back any excess energy to the power grid and in exchange, DISCOM provides you credit-based discounts on the bills.
A solar panel usually lasts for 25+ years with optimal maintenance
