Growth of the Solar industry has been unexpected and immense in the past few years. Attractive pricing, government subsidies and improved customer awareness have aided the growth of solar. In this article, we will discuss some of the top reasons our clients chose to opt for solar instead of traditional forms of energy.
Renewable Energy Source
Solar energy is clean energy and does not emit any harmful greenhouse gases like other energy sources. In fact, if you own a 5kW solar system, it is equivalent to planting around 80 trees every year.
We can never run out of solar energy and it can be harnessed in almost all areas of the world.
Reduces Electricity Bills
Since you will be meeting your energy needs with the electricity generated by your solar system, your electricity bills will drop drastically. With net-metering, you can offset the electricity used from the grid by exporting excess electricity generated by your system. The cost you save on your bill will depend on the size of the solar system and your electricity consumption. Our customers typically save up to 80-90% of their electricity bill every month.
Low Maintenance Costs
Solar energy systems generally don’t require a lot of maintenance. You will only need to keep the panels free of any dust or debris. Cleaning them twice a week will ensure the panels can capture maximum sunlight and provide optimum generation.
There are no moving parts, so there is no wear and tear. The inverter is usually the only part that may need to be changed after 5-10 years.
Investing ₹1 lakh in solar would give you a return of ₹25,000-30,000 a year (ROI of 25%-30%) through reduced power bills. This high ROI makes solar one of the best, risk-free investment.
Solar is the best investment one can make at this time with no risk. When compared to gold, stock market or mutual funds, investing in solar gives you faster payback and better ROI. Invest in Solar with Freyr Energy and have no regrets.