The Complete Guide to Solar Panels and how they can save you Money in the Long Run

 Are you tired of your high energy bills? Are you looking for a way to reduce your reliance on fossil fuels? If so, solar panels may be the answer for you! Solar panels can help you save money on your energy bill and reduce your carbon footprint. In this guide, we will discuss everything you need to know about solar panels, from their benefits to their installation process. Keep reading to learn more!

Introduction: Solar Energy is the Future of Electricity & Why?

Solar energy systems/power plants help environment to go green, keeping the pollution levels down. Using solar energy replaces and reduces the use of other energy sources like fossil fuels (coal and gas) etc. According to World Economic Forum, by 2030, solar will become the most important source of energy for electricity production all over the world. With improved technology of panels and reduction in the amount of raw materials like silver and silicon, there is a clear roadmap of solar costs getting halved by 2030. According to the World bank report, though India being located among the best locations to harness solar energy, nearly a quarter of its population live without access to electricity. And even if, people are connected to grid, they face frequent disruptions. Use of solar energy can improve the quality of life for millions of Indians. It can also create thousands of jobs in solar industry and will lead to a brighter future. 

Understanding the Types of Solar Panels and Which One Fits Your Needs

Solar panels Price are identified by different variables like the size (in Watts), the brand, the efficiency, the physical size, the brand, the quality of the materials, the durability and the warranties given. The quality of solar panels depend majorly on the efficiency, w.r.t how much light is converted into electrical energy. Overheating of panels accelerate the ageing of solar panels, so operational efficiency is also to be taken care while choosing the solar panels. Monocrystalline panels offer good heat tolerance characteristics and high efficiencies compared to Polycrystalline panels. 

While assessing the solar panels, these are the few factors which can help to choose solar panels and can fit the needs properly.

Solar Rooftop Systems: Cost-saving Benefits

Solar energy is the technology trend reaching its commercialization state and is all set to lighten up the world putting off the load on fossil fuels. It is the technology trend of the decade. The electricity harnessed from the clean and green solar energy has reached its commercialization state and is all set to lighten up the world putting off the load on exhaustible fossil fuels. To promote rooftop solar PV installations, various government aids in the form of tax saving benefits are being provided to various commercial, industrial and residential sectors. For example, for a profit making company, if depreciation is added to the expenses, the profit is reduced to some extent leading to low taxes paid. Higher the depreciation, also known as Accelerated Depreciation, the lower will be the tax and the cash flows will increase. Also, with the emergence of net metering approach, which allow two-way flow of electricity wherein the consumer to be billed only for the net electricity supplied by the DISCOMs, saving the costs to a greater extent.

We at enPossibilties, are committed to making solar panels accessible for everyone by partnering with companies like JA Solar, Saatvik and Sungrow. Start saving money today! Call us now if you want more information about our green solutions