Solar Energy

India has become a hot-selling solar market despite people still facing several major issues. People are interested in installing solar systems but are unaware of their full potential and usually get scared away by minor operational issues or huge investment decisions. The major criticisms/ problems that people in India have against solar are:

 

i) People think it is better to open a bank account and have your money deposited there, rather than investing in solar.

 

ii) People do not have the required space to install a solar system. The majority of people in India stay on rent, especially in large cities.

 

iii) Some people say that their electricity bill is low and hence it does not make financial sense to invest in a solar system as the payback period will be longer.

 

iv) People want such a solar system that will not only reduce their electricity bills but will also recharge the batteries or run appliances at the time of power cuts.


Despite these problems, India has witnessed an impressive rate of solar installations. In this blog, we will discuss the thoughts that cross peoples’ minds before and after installing solar systems. It will help you in making a firm decision whether solar is beneficial for you or not.


A solar system (with a battery system) of up to 10kW in a capacity that is installed at homes qualifies to be a residential solar system. The investment would be somewhere around Rs. 1,00,000 per kW. The electricity bills of a home are generally Rs. 1,000 per month.  Installing a solar system in such an establishment could result in savings of Rs.8,400 per annum. The investment is expected to have an RoI (payback period) of ~10-11 years and the return on investments will be around 8%.


If you are interested in Renewable energy you can apply for a distributor at the Loom solar Portal. As you know Renewable is the future of Energy.

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