1/3/2024 0 Comments Homescape app![]() ![]() Another ₹25,000 per kwp will be added to this cost if you decide to use a battery storage solar hybrid system. A rooftop solar PV system and its installation costs approximately ₹40,000-60,000 per kWp. The Ministry of New and Renewable Energy (MNRE) is promoting residential solar installations by providing subsidies. Considering its remarkable lifespan of over 25 years, you basically get electricity free for life, once you recover your investment cost. Moreover, the average cost of a rooftop solar structure design and installation is between ₹40,000-60,000 per kWp, which drops even lower after subsidy and accelerated depreciation savings. ![]() This also lowers your monthly electricity bill by up to 90%*. Owning a rooftop solar PV system can help protect your home against these fluctuations in electricity tariffs. But, it varies significantly from state to state and if your consumption is higher. On an average, per unit of cost of electricity in India is between ₹4-6 if the monthly domestic consumption is between 101–200 units. Comparison: Solar Power vs Traditional Electricity in Terms of Electricity Tariff (Cost per Unit)Įlectricity costs, over the years, have seen major surges due to the fluctuating fuel costs (coal and natural gas), and import restrictions. ![]() Is solar power the right choice for Indian homes? Let’s deep and dive and conclude. By educating ourselves about all these benefits solar power offers, a more informed decision can be made. The residential solar installation offers long-term benefits with little to almost no commitment from homeowners. While there has been a steady increase in homeowners switching to green energy, primarily solar, some are still weighing the pros and cons of it. Electricity produced by your residential rooftop solar works well for you and for the environment. ![]() It is well known today that renewable energy, especially solar energy, is superior to coal-based electricity in terms of the impact each has on the environment.īut, how do they compete with each other on other performance parameters such as energy cost, support from government, installation cost etc. But, the modern, aware and conscious consumer today is concerned about where their electricity is coming from. Consumers can’t differentiate between traditional electricity or solar power as far as functionality is concerned. ![]()
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