Solar energy is a safe, inexpensive, and eco-friendly and it harnesses various financial benefits. Currently, around 1.4 million homes have installed solar systems in India. Below is the list of five financial benefits of solar energy.
Return on Investment.: Solar System is one time investment and payback period is 3-4 years. After that, generated electricity is almost free for homeowners. It offers homeowners a good Return on Investment with better financial security.
Energy independence: Solar System installation offers an independent energy structure to the property without spending tons of money on traditional power grid lines.
Increase in property value: The value of Property increases after installation of Solar Power System.
Homeowner benefits: Central Government and State Government are providing subsidy to Homeowners for installation of Solar System.
Financial benefits of Industry:
Rooftop solar is the most mature societal, environmental and energy sustainability model. It provides an opportunity to invest in its self-reliance. Strengthen one's sense of responsibility, ultimately inching towards the greater good. It offers various environmental benefits of solar energy:
Solar panels use sunlight to generate electricity. There is no burning of fossil fuels. So, there is no pollution.
Generating power through solar panels uses less water. So the operation of solar systems reduces the strain on water resource.
Reduced reliance on finite resources such as fossil fuels and taking advantage of infinite and free energy sources lower energy prices, reduce greenhouse gas emissions and ensure a stable future.
Megamax solar believes in keeping our earth clean and green. Solar Energy is pollution-free, It has no or minimal greenhouse effect and eliminates dependency on fossil resources.
It is the process that allows system owners to gain extra revenue by selling their excess power to the Electricity grid. With net metering, you will only pay for the electricity you use beyond what your solar panels can generate. In India, net metering was introduced as an initiative to make renewable energy more economical and accessible, with the regulations differing state-to-state.
Extra financial credit: The owners would have an added benefit as they would receive revenue if the energy generated by the owner’s system.
Eliminates the need for battery storage and backup generator: Unlike off-grid systems, there is no need for battery storage systems. It also eliminates the need for backup generators.
Inexpensive and low maintenance: Solar panels require less maintenance. As by using Net Metering Battery is eliminated, maintenance requirement further reduces.
Solar panels require sunlight to generate electricity. So, they do not produce electricity during the dark hours. Thus, solar power working at night centers around backup batteries. Net metering is one of the biggest reasons that home solar panel systems are a good investment. Net metering is the process that allows system owners to gain extra revenue by selling their excess power to the grid. With net metering, you will only pay for the electricity you use beyond what your solar panels can generate.
Solar panels can work on cloudy days; however, they cannot perform as they would on a clear, sunny day. You may notice some variations in production on your monitoring, which means that the clouds have reduced the efficiency. Solar panels will not operate at maximum production when clouds are blocking the sun and will not produce electricity when there is no available sunlight during night.
Yes, you can go off grid by using Battery for storage of electricity and supply electricity as required during nighttime.
Solar panels can work on cloudy days. However, it cannot perform same as sunny day. You may notice some variations in production on your monitoring, which means that the clouds have reduced the efficiency.
Rooftop solar is the most mature societal, environmental and energy sustainability model. However, following should be ensured before installation.
It is advised to repair the roof before installing solar panels. There should be enough space on the roof to support panels. It is also essential to assess whether the roof can hold weight or not to avoid any dangerous situation.
Solar Panels need sunlight. So, there should not be any shadow on Roof which may block sunlight resulting reduced performance of system.
Solar system last 25 Years and more.
Below are tips to increase the longevity of solar panels:
Solar panels come in two kinds: monocrystalline and polycrystalline.
Monocrystalline solar panel: This type of solar panel, made of monocrystalline silicon, the purest form, is easy to recognize from its uniform dark look and rounded edges. The monocrystalline panel has one of the highest efficiency rates, reaching above 20% due to the high purity of the silicon.
These panels have a high-power output, occupy less space, and are durable, making them the most expensive. Another advantage is that they tend to be slightly less affected by high temperatures compared to polycrystalline panels.
Polycrystalline Solar Panel: These solar panels have squares and a blue, speckled look. They are typically made by melting raw silicon, which is a faster and cheaper process than monocrystalline panels.
It is comparatively less expensive and offers less efficiency (around 15%) than monocrystalline panels. They occupy lower space and have a shorter lifespan since they are affected by hot temperatures.
Battery is required for Off Grid systems. In case of good Grid Connected system Battery is not required.
We value trust of our valuable customers and are committed to provide excellent services during whole warranty period.
Quality is an attitude in Megamax both for supply and services.
Megamax not only complete installation with efficiency but installed systems are hallmark of efficient system both in terms of performance and Power Generation.