The rapidly depleting traditional electricity-producing sources, rising pollution, and increasing demand for energy are resulting in the need of adopting renewable sources of power. The worldwide solar sector is converting Earth into a secure, pollution-free, and safe planet to live on.
The large extent of solar rooftop system installation for homes, businesses, educational institutes, and other buildings is one of the initiatives to produce and use green, clean and affordable electricity. India becomes one of the top countries to achieve the highest renewable energy production globally.
What is a solar rooftop system?
Solar panel installed on the roofs of various buildings like residential, commercial, or institutional is known as solar rooftop system or solar rooftop photovoltaic system. It captures the solar energy and converts it into clean electrical energy without producing any harmful greenhouse gas emissions or any type of pollution/residue. Once installed properly, solar rooftop systems will work efficiently for many years.
The adoption rate of rooftop solar systems is increasing at a good speed. To use this system, all you need is a little space and abundant sunlight to work effectively. After sunset or on cloudy days, energy stored in the batteries of the panels will power up the building. Installing these systems on your building’s roof is the smart, eco-friendly, and safest choice for energy.
Benefits of rooftop solar systems for commercial and residential properties
Switching to solar energy with rooftop solar system installation is an excellent choice for commercial and residential building owners or users as it offers many benefits –
Solar panels produce electricity using the sun’s energy which is available in abundance without requiring additional export investment. So, it provides less costly power and helps building owners enjoy excellent savings on their utility bills.
Solar rooftop systems use a net metering or billing mechanism that uses a bidirectional electricity meter. It measures the power coming from the Electricity Company. So, it offers saving opportunities for businesses and homeowners by transferring produced energy back to the grid.
The electricity cost is unstable and keeps on fluctuating most frequently. Hence, calculating the electricity cost for a specific duration is not easy. On the other hand, using the energy generated by rooftop solar systems make calculation of power production price simpler. A user can calculate the electricity production cost for the next 10 years. So, it’s completely a secure investment.
Solar energy systems have no moving components hence they need very little maintenance. For example, if you’re using an on-ground solar system, you would require low on ground solar maintenance to keep them performing effectively. Regular annual cleaning of rooftop solar systems will keep it successfully generating energy for about 25-30 years and more based on the type of panel you are using. These solar systems are robust with rain, storms, winds, and high summer temperature. Their maintenance cost is less.
Great access to energy
Many people in urban and rural regions constantly have a changeable and inadequate supply of power. These people mostly depend on alternatives like diesel generators which produce harmful gases into the environment. Their functioning cost is also high. Rooftop solar systems, on the other hand, provide a reliable, cost-effective, and renewable source of electricity using the sun’s energy.
A commercial building having rooftop solar installed provides so many financial incentives to avail of. It provides significant savings on the electricity invested. Several banks and agencies such as Indian Renewable Energy Development Agency Ltd (IREDA), State Bank of India (SBI), and Punjab National Bank (PNB) are extending numerous benefits at excellent interest rates.
SIDBI or Small Industrial Development Bank of India has an existing program to allow its present customers to rooftop solar loans. Alongside this, many more banks are expected to follow these types of practices and/or programs.
Alongside the abovementioned benefits, installing rooftop solar systems also provides government support as a 12% on supply and 18% on installation work percent tax rate is applied to these systems. After excluding the 0 percent tax band, this would be the most useful tax rate provided by the Indian government.
The tax credits are provided for residential as well as commercial purposes. According to the Ministry of New and Renewable Energy, the Indian government pays 40% upto 3KW and 20% above 3KW upto 10KW percent of the installation cost of these systems as a subsidy to the installer.
No dependence on the grid
Rooftop solar systems are related to the main part of the grid supply. This makes sure that energy to be extracted from the grid supply only when the system can’t deliver the needed force. The system will provide energy without using a grid supply saving great expenses.
This is otherwise gained by utilizing power from the grid. The use of net metering provide an amazing advantage of earning increased revenue. Additional energy produced can be fed to the grid for which they will receive compensation from DISCOM.
Increase building value
Installing rooftop solar systems on commercial and residential buildings significantly improves their value. Whenever you sell your property, installation of a renewable solar power system seems more inviting to buyers as operationally and economically efficient property.
Replacing traditional electricity sources with renewable solar energy shows customers, community, and tenants that you pay complete care to sustainability. Owning a commercial building with a rooftop solar system installed creates a green and positive reputation for the business.
Whether running a small business or a large one, solar energy system investment provides immediate and long-term value by getting a positive response from clients, customers, and business partners.
Need little space for installation
Rooftop solar systems provide the best household solar panel solutions as they don’t need extra space for their installation. They can be conveniently installed on any kind of roof. Thus, you don’t need to purchase additional land or free land for installing rooftop solar systems. Also, these systems provide extra protection to the roof of the property where you’re installing them.
Lower carbon footprints
In today’s world, more and more people, especially in residential and commercial zones are using environment-friendly products to contribute towards environment preservation. Solar energy produces electricity while providing zero emissions.
The electricity generated by your rooftop solar systems reduces how much your property has to depend on traditional sources that burn fossil fuels and give off dangerous greenhouse gas emissions. Solar energy reduces water and air pollution by decreasing carbon footprint.
Rooftop solar systems can be used for different residential and commercial applications. For example, lighting properties, ventilation, heat water, and more.
Opting for rooftop solar systems as a means of producing electricity is a great investment for residential and commercial people in India. It helps in getting a renewable source of power with low setting costs and little maintenance. The plenty of sunlight available throughout the year provides an awesome opportunity to use clean, green, and affordable energy without any worries.