What are the financial benefits of solar energy?

Solar energy is a safe, inexpensive and eco-friendly energy source, and it harnesses various financial benefits for you. Currently, around 1.4 million homes have installed solar panels in India. Below is the list of five financial benefits of solar energy.

Cheaper than electricity grid: Thermal energy production is comparatively costlier than rooftop solar energy as it is a one-time investment. It offers the homeowners a good amount of Return on Investment with better financial security.

Energy independence: Solar panel installation offers an independent energy structure to the property without spending tons of money on traditional power grid lines.

Increase in property value: Getting a solar panel installed can offer a benefit of an increase in property value with the advantage of better cost in return.

Government benefits: The government offers tax credits by paying the installer 30% of the installation cost as a subsidy charge.

Tax benefits: Local, state and national governments are there to support green energy sources. They offer tax benefits and financial assistance to organizations planning to shift to solar power. Some tax benefits that businesses gain enjoy after installing solar power include:

  • Solar Renewable Energy Credits: This will allow you to recover solar power installation costs from the energy produced by the solar power system
  • Accelerated Depreciation: It will improve your cash flow, allowing you to finance your solar energy installation costs.
  • Federal Investment Tax Benefit

With Megamax solar solutions, we help you cut your electricity expenses with clean and renewable solar energy. Our solar products are efficient and generate enough power during daylight to reduce your electricity bills by at least 25%

What are the environmental benefits of solar energy?

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:

Reduces carbon footprints

Solar panels pool sunlight to generate electricity. They pose lesser pollution risks to the environment, and it runs without producing any noise and imparts harmful gas emissions.

Use of less water

Generating power through solar panels uses less water, and the operation of solar panels reduces the strain on this precious resource.

Reduces air pollution

Using the sun to generate electricity means less harmful emissions from burning fossil fuels. It increases the independence of homes and businesses to rely on solar energy leading to reducing air pollution.

Reducing our reliance on fossil fuels

Reducing our 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. We offer you to choose clean and green energy sources for renewable electricity with our cost-effective solar solutions. Solar Energy is pollution-free, has no or minimal greenhouse effect and eliminates dependency on fossil resources.

What is net metering?

Net metering is the system utilities use to credit solar energy system owners for the electricity produced by their solar panels. It 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. The policies differ from state to state – from Massachusetts to California – so make sure to do your homework ahead of time. In India, net metering was introduced as an initiative to make renewable energy more economical and accessible, with the regulations differing state-to-state.

Advantages of Net Metering:

Extra financial credit: The owners will have an added benefit as they will receive revenue if the energy generated by the owner’s system is more than the amount consumed.

Eliminates the need for battery storage and backup generator: Unlike off-grid systems, there is no need for battery storage systems using net-metering since the utility grid stores the extra power. It also eliminates the need for backup generators as it acts as a backup generator.

Inexpensive and low maintenance: Solar panels require less maintenance. However, you can eliminate the PV system components through net metering and further decrease the maintenance requirements.

Do my solar panels produce power when the sun isn’t shining?

If you have wondered if your solar panel produces power when the sun isn’t shining, then read on to know more.

As you know, Solar panels require sunlight to generate electricity. So they do not produce electricity during the dark hours. Thus, solar power working at night centres 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 can not 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 nighttime hours.

Can I go off grid with solar panels?

Legalizing off-grid living differs according to the surroundings. In most cases, living off-grid, such as in rural areas, has become more of a necessity than a choice. While in densely populated areas, residents must adhere to local building codes and zoning restrictions for safety and public image.

But the question here is; Can we go off-grid with solar panels? Let us discuss the pros and cons to understand whether to go off-grid with solar panels. Pros of going off-grid with solar include:

Saving money: Since solar and storage costs are very low, most homeowners can generate their energy instead of relying on public utilities.

Avoiding utility fees: Using public utilities add costs to the bills of customers who have installed solar panels.

Lowering your impact: Generating energy with solar, whether on or off the grid, emits minimum harmful effects of conventional electricity.

Increasing your independence: Living with solar allows you to take control of your energy use.

Cons of going off-grid with solar include:

You don’t have a backup: If you go off-grid, you need a backup system that can provide you with three to four days of energy during cloudy days.

You may pay unnecessary expenses: When living off-grid, you must ensure that you use maximum energy rather than your average energy use.

Solar energy offers many excellent benefits once installed; some are reliability, decreased emissions and lower costs. But if you want to go off-grid, then it is advised to keep things in mind.

Do solar panels work in a blackout?

Many people have improper and unreliable access to electricity, and they are left with no other option and rely on alternatives like diesel generators. These alternatives might harm health and are rigid and volatile in terms of operating costs. In such a case, solar energy is an affordable and the best source of electricity. Since rooftop solar panels extract the sun's power to generate electricity, they are eco-friendly.

Furthermore, their cost of operation is also less. You can not rely on solar panels during blackouts even after being so beneficial, and it is because most solar systems cannot work in such a way.

Most solar systems are connected to the grid via a solar inverter, a meter that measures and tracks the energy generated and used. So when the solar inverter shuts down during a blackout, solar panels will also stop generating and providing electricity to your home.

Solar panels can work on blackouts; however, they can not 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. They will not perform at maximum efficiency when clouds are blocking the sun. They can not produce electricity when there is no availability of sunlight during nighttime.

Is my roof suitable for solar panels?

Rooftop solar is the most mature societal, environmental and energy sustainability model. It provides:

  • An opportunity to invest towards its self-reliance.
  • Strengthening one's sense of responsibility.
  • Ultimately inching towards the greater good.

However, some people are unaware of installing a solar panel. So below are the tips one should consider before installing solar panels at the home, office, or commercial place.

  • Condition of roof: 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.
  • Model of solar panel: Solar panels come in two kinds: monocrystalline (which is made of a single silicon crystal) and polycrystalline (made of multiple silicon crystals)
  • Check warranty: It would be best to ask for warranty certificates; otherwise, you don't miss out on these benefits.
  • Installation cost: The cost of getting a solar panel installed approximately ranges from Rs. 40,000 to Rs. 6,00,000. The cost may rise depending upon the case. So it is important to access the budget before installing solar panels.

After going through these points and analyzing whether your roof works well with solar, Megamax will determine whether you can move forward or not. Solar experts of Megamax will carefully examine the material your roof is made of, evaluate the structural integrity of the roof and advise you on the best plan.

How long will my solar power system last?

The main factor that accelerates the importance of rooftop solar panels or photovoltaic panels is that they require significantly less maintenance. They come with an additional service life of over 20 years if maintained properly.

Remember that expected life expectancy doesn’t mean the rooftop solar panels will stop producing electricity. It means that their energy production will decrease by what solar panel manufacturers consider optimal to meet the average family’s energy needs. Below are tips to increase the longevity of solar panels:

  • Keep your panels away from debris: Dirt and other environmental factors can affect the efficiency of your solar panels. While rain can clean your panels, else, you can seek help from a professional cleaning if you want. Also, ensure that your panels aren’t under branches, as they indirectly cause severe damage.
  • Regularly monitor and maintain your panels: Check your solar system’s panel performance, the inverter, metres and other components. It’s also essential to make notes if any occur.
  • Contact a trustworthy solar panel provider: The best thing you can do to ensure your solar system’s longevity is to find a reputable and reliable solar installer. Some solar providers offer maintenance packages for the life of solar panels to ensure they work efficiently for decades.

Megamax offers modern and reliable solar panel installation solutions to create a sustainable solar zone. The highly trained professional team cares for your solar installation maintenance and up-gradation needs.

What are the different types of solar panels?

Many people have improper and unreliable access to electricity, and they are left with no other option and rely on alternatives like diesel generators. These alternatives might harm health and are rigid and volatile in terms of operating costs. In such a case, solar energy is an affordable and the best source of electricity. Since rooftop solar panels extract the sun's power to generate electricity, they are eco-friendly. However, some people are unaware of installing a solar panel, and one should know what type of solar panel they want to install.

Solar panels come in mainly 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. However, the differences between monocrystalline and polycrystalline solar panels strongly depend on your specific situation.

Do I need to install solar batteries with my solar power system?

Using solar power alone without energy storage batteries and pulling from the grid will significantly reduce your carbon footprint. But suppose you're bothered by the idea of drawing power from fossil fuel plants. In that case, another option is selecting to use only renewable energy sources from your utility company when your panels aren't producing. These renewable programs aren't available everywhere yet, so check with your utility provider to see if it's an option for you.

Most solar systems are connected to the grid via a solar inverter, a meter that measures and tracks the energy generated and used. So when the solar inverter shuts down during a blackout, solar panels will also stop generating and providing electricity to your home.

Solar panels require sunlight to generate electricity. So they do not produce electricity during the dark hours, and they work with backup batteries during night hours. Since solar panels only have energy when there is sunshine. You might need to rely upon a backup power source like the power utility company. Therefore, you can not wholly rely on off-grid without a battery backup option, even if you have a solar energy system installed.

What are the benefits of choosing solar panels and products?

Megamax solar panels and products help you cut down your electricity costs drastically. How much you can save is depend upon the rates and solar policy of your state and areas but it does help you to save more.

How do Solar panels work?

Solar panels absorb sunlight energy throughout the day and convert it into direct current(DC) but mostly our houses and offices run on alternating current electricity so the direct current by solar panels is passed through the invertor where it gets converted into AC electricity to be used in the house.

What will be the maintenance cost?

The maintenance cost of the solar panels is very low as they are highly durable and have a life expectancy of a minimum of 15-20 years. But if something happens, Megamax has a reputation for providing quality maintenance services and support to their clients.

How much do I need to Invest in the Solar panel system?

The cost of Investment totally depends on the needs of the clients, their usage, and requirements. The larger your energy consumption is the more kilowatts of electricity you require to produce through solar panels. And that increases the cost of your investment.

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