Rooftop Solar Investment in India: Profitability Considerations

Is Installing rooftop with Solar profitable in India?

Rooftop Solar is a worthwhile investment when considering its long-term use. Millions of commercial and residential buildings in India have rooftops that receive plenty of sunlight and can be easily used to generate electricity by installing solar panels. Solar energy, as one of the most prominent sources of green and renewable energy, has the potential to play a critical role in meeting the soaring demand for rising electricity bills while maintaining environmental safety. Making it highly profitable and sustainable.

1. Cost effective & easy installation

One of the most significant benefits of rooftop solar panels for home is their easy installation, making them suitable for all types of roofs. As a result, people do not need to vacate their property or invest in purchasing additional land to install rooftop solar panels, making it cost-efficient and accessible for all.

In addition, the solar panels protect the roof of the building in which they are placed.

Rooftop Solar Panels for Home

2. Customer friendly – Reduces electricity bill

The best part of installing rooftop solar panels is the cost savings. In addition to the cost saved by not using fossil fuels, homeowners can save approximately 600 units of electricity monthly. This translates to a reduction of electricity bills by around ₹5,500. The rooftop solar model is also helpful to the residential sector because it can provide electricity directly to their buildings via the grid. This model is not only more customer-friendly in terms of tariff rates, but it is also more consistent over time.

3. Backed by Government Policies

To encourage the adoption of rooftop solar panels, the government is taking many steps, including schemes and new policies. The government offers tax credits to the people installing solar panels in their residential or commercial buildings. Along with this, the installer gets a government subsidy on rooftop solar installation.

4. Environmentally ethical

Solar panels generate electricity by harnessing sunlight. As a result, they pose fewer pollution risks to the environment than traditional energy sources. In contrast to a generator, they run without making any noise and emit fewer harmful gases. It is also an ethical way of using energy to combat climate change. As a result, adopting the rooftop solar model reduces carbon footprints and contributes to environmental preservation. Renewable energy is also beneficial to public health. Coal and natural gas plants pollute the air and water, endangering human health. However, replacing fossil fuels with renewable energy sources such as solar power reduces premature mortality and overall healthcare costs.

5. Goes well with the Indian Climate

Rooftop solar panels use sunlight to generate electricity. India is in an ideal geographical location and receives plenty of tropical sunlight. Every year, India has nearly 300 sunny days with clear skies. As a result, rooftop solar panels for homes are an excellent choice.

You can go Solar too! It’s easy!

Rooftop solar systems are becoming a popular source of power, generating electricity. You can also go solar and save money and the environment by using solar rooftop solutions with residential solar and commercial solar panels. With proper planning and system implementation, you can have a renewable source of power supply at a minimal cost.

Get your solar quote now with Freyr Energy

One of the top Solar power companies in India. We at Freyr understand that investing in solar energy for your home can be a big step after successfully installing 1MW+ residential projects across India. We promise to work with you every step of the way to help you get through the process. Our pan-India presence ensures that you have a hassle-free experience no matter where you are. Furthermore, our empanelment with state nodal agencies allows us to offer subsidies on solar systems for residential customers.

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