Why Indians need to switch to solar inverters for a better future?

Posted 2 years ago in TECHNOLOGY.

A solar panel is the sole component of the solar panel system that generates electricity. When we want to utilise the grid energy,

Why Indians need to switch to solar inverters for a better future?

A solar panel is the sole component of the solar panel system that generates electricity. When we want to utilise the grid energy, however, it is not available. We know that about 92 percent of India's population has access to electricity. The AC Module from Loom Solar does not require the use of an inverter battery. An inverter battery's capacity is limited. A 1 kW inverter can therefore handle up to 900W of electricity.

 

Grid-connected electricity, on the other hand, can support a large number of appliances and delivers a limitless quantity of power. For places not connected to the grid, rooftop solar makes more financial sense, but if power costs rise, rooftop solar will be the only practical and rational option for residential consumers. While prices are continuing to decline, efficiency is increasing. Rooftop solar tariffs have achieved grid parity in most Indian states. Individuals in India, on the other hand, are still not installing solar panels at the expected rate.

 

Is solar energy a good option to invest in?

Despite the fact that people still face various big challenges, India has become a hot-selling solar industry. People are interested in installing solar systems, but they are uninformed of their full potential, and little operational challenges or large investment decisions frequently scare them away. The following are the key criticisms/issues that people in India have with solar:

  • Some individuals say that rather than investing in solar, it is better to open a bank account and deposit money there.
  • Many folks do not have the space required to install a solar system. The bulk of people in India, particularly in large cities, rent their homes.
  • Some argue that because their electricity costs are low, investing in a solar system makes little financial sense because the payback period is longer.
  • People want a solar system that not only saves them money on electricity, but also recharges batteries and allows them to use appliances even when the power goes out.

 

When the entire world is rapidly adopting renewable energy, India is not far behind in establishing itself as the main producer of renewable energy. In order to strive towards sustainable growth and a cleaner environment, the government has set a goal of installing 175 GW of renewable energy capacity. By the end of 2022, the goal for rooftop solar panel installations has been established at 100 GW.

 

Expenditure

A solar system is more expensive to purchase than, say, an air conditioner, television, refrigerator, or fan. The most major expenditures of a solar system are the installation and maintenance fees. Installing a rooftop solar system is a long-term commitment, so approach with prudence and due investigation. Consider the expense of a rooftop system before installing one in your house. The cost of a typical 1 kW rooftop system ranges from Rs.60,000 to Rs.80,000.

 

 

A less quantity of free space is available.

Rooftop solar is more cost-effective than ground-mounted solar since it does not require expensive real estate to be set aside specifically for it. Rooftop solar may be safely installed on terraces of dwellings and other commercial buildings with little or no roof usage. A typical rooftop solar system with a 1 kW capacity occupies 10 square feet. On the other hand, many customers do not want solar panels on their roofs.

 

 

An excellent investment

Because power rates change from time to time, calculating electricity costs for a certain period is challenging. When it comes to energy generated by solar panel systems, on the other hand, it is possible since the price of the power generated can be determined (calculate the cost of electricity generation for another 10 years). As a result, investing in rooftop solar systems is a safe bet.

 

Government assistance is available.

To encourage individuals to embrace solar energy, the Indian government grants tax benefits to both domestic (home solar rooftop) and viable users (commercial rooftop solar panels) who install rooftop solar panels. The Indian government, according to the Ministry of New and Renewable Energy, contributes 30% of the total.

 

There are no EMI plans available.

Solar panels are not included in the EMI Plan. Rooftop solar in India, on the other hand, is eligible for bank funding. All public sector banks have been mandated to make loans for grid-connected rooftop solar installations. These loans will be classified as Home Loans/Home Improvement Loans.

 

India is a climate-friendly country.

India is fortunate to have a favourable geographic location that allows it to get adequate sunshine (almost 300 sunny days with clear skies each year in India). As a result, rooftop solar systems are ideal for use in India since they convert sunlight into electricity.

 

Installation does not require more space, and maintenance is low-cost.

Rooftop solar panels (on-grid rooftop solar system, off-grid rooftop solar system) may be installed on any type of roof, so people in India don't have to leave their homes to install them, and the panels protect the roof of the building where they are installed.

 

 

Monetary advantages

We, as Indians, believe in saving money for the future, which is why we attempt to invest in bonds, stocks, SIPs, and other vehicles that provide long-term advantages, and solar systems are one such contemporary means of doing so. When you install a rooftop solar panel in your building, you will be able to create free energy for the whole 25+ year duration of your rooftop solar power plant. And, even if you don't produce 100% of the energy you need, solar will lower your electricity expenses. You will save a lot of money this way.

 

Conclusion

Loom Solar proposes a Wall Mounted Structure for RCC (Reinforced Cement Concrete) Wall installation. In India, wall-mounted solar installations are uncommon in the residential sector. However, Loom Solar has made it feasible, and its products may be modified to meet the needs of consumers. It may be put on any wall that gets enough sunshine and can help customers save space on their rooftop.

 

 

Video Link:-https://youtu.be/FbnF2lgFfSU

 

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