08/01/2020
BENIFITS OF ROOFTOP SOLAR PANELS & FACTORS THAT FURTHER AID THEIR INSTALLATION:
There are Several Reasons that further Accentuate The Benefits of Installing Solar Rooftop Panels in Buildings:
THEY OFFER COST SAVINGS:
The biggest advantage of installing rooftop solar panels is that they offer cost savings. The tariff rates for rooftop solar in comparison to industrial and commercial tariff rates are cheaper by 17% and 27% respectively. Rooftop solar installations are also attaining grid parity in many residential sectors of India. For building owners, rooftop solar installations can even help in cutting down electricity bills. Rooftop panels supply electricity to buildings, so they need to buy less electricity from the grid thereby saving on energy costs.
IT IS A SECURE INVESTMENT:
Electricity prices keep on fluctuating from time to time. So, it is difficult to calculate the expenditure on electricity for a certain period of time. However, when it comes to electricity generated by solar rooftops, the price of power generated can be calculated easily. In fact, one can even calculate the cost of electricity generation for another 10 years. In this way, it is a secure investment.
IT INCREASES ACCESS TO ENERGY:
Though the deficiency of power in India is decreasing rapidly, still there are many people both in the rural and urban areas, who have improper and unreliable access to electricity. These people are forced to rely on alternatives like diesel generators. These alternatives pose harmful effects on the health and they are volatile in terms of their operating costs. In such a scenario, solar energy serves as an affordable source of electricity. Since rooftop solar panels harness the power of the sun to generate electricity, they are eco-friendly. Furthermore, their cost of operation is also stable.
SUPPORT FROM THE GOVERNMENT:
In order to encourage people to adopt solar energy, the government offers tax credits to those who install rooftop solar panels whether it be for residential or commercial purposes. As per the Ministry of New and Renewable Energy, the government pays 30% of the installation cost as a subsidy to the installer.
REDUCES CARBON EMISSION:
Solar panels harness sunlight to generate electricity. So, they pose fewer pollution risks to the environment in comparison to conventional sources of energy. Unlike a generator, they run without producing any noise and give out lesser emissions of harmful gases. Furthermore, it is a good source of energy that combats climate change. Thus, rooftop solar is ideal as it reduces carbon footprints.
GREEN SOURCE OF ENERGY:
This is an era where more and more people are adopting eco-friendly items. The consumers, especially industrial and commercial consumers, are willing to make capital investments to contribute towards the preservation of the environment. Environment-friendly customers are even willing to pay higher than grid power.
LOW MAINTENANCE COST:
The chief factor that accentuates the importance of rooftop solar panels is that they require very less maintenance. They come with a service life of over 20 years if maintained properly.
SUITABLE FOR OUR CLIMATE CONDITION:
Rooftop solar panels utilize sunlight to convert it into electricity. India is situated at an ideal geographical location and receives ample tropical sunlight. There are almost 300 sunny days with clear skies each year in India. Thus, rooftop solar panels are ideal to be used here.
MULTIPLE APPLICATIONS:
Along with the generation of electricity, solar power can meet several other purposes. It can be used to heat water and supply hot water or air to a building. It can also be used to run Electric Generators.
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