Electricity cost to households has gone 3-fold in the last decade📈
Using solar energy can get you massive savings on your electricity bill💸
[1] Rise in Consumption
Let us first understand the problem!
🔸Going forward, if we produce electricity using non-renewable sources, bills are going to go up
🔸Moreover, energy consumption in India went up by 8% YoY in Feb'23⚡️
🔸In March, India consumed 127.52 Bn units📈
[2] How is Your Bill Calculated?
See, calculating your energy charges is not very complex
"Energy consumed in kWh" x "tariff" = Total Energy charges
But the tariff is charged based on your consumption. Higher the usage, higher the slab tariff
How Delhi charges👇
[3] Alternative option
In case you feel that it's too much to pay for electricity like this,
switching to solar energy might prove better!
Why? Read on 👇
[4] Why Solar?
The availability of solar energy is easy and convenient, and it comes with:
🔸Better subsidies
🔸Versatile installation
🔸Protection of the environment
Comparing it with a wind energy system
👉Wind Energy plants are efficient if installed in windy places
[5] Cost Comparison
So basically, there are three types of solar systems and in terms of costs
👉On-grid system < Off-grid system < Hybrid system
This upping of cost is majorly due to the addition of components like Solar Battery in off-grid and hybrid systems
[6] Cost of a System
🔸Now just suppose that you live with a family of 2 and use one AC with other appliances with a solar space of 500-700 sqft
🔸On-grid solar system of 5kWa will cost ~2.95 Lakhs (inclusive of taxes)
🔸This system can generate ~7,200 units of power in a year
[7] Come to the point! How will I save money?
🔸Let's say, I install a 5kWa solar panel to save 7,200 units p.a
🔸As per tariffs in Delhi, you can save 85.37% on tariffs
🔸Costs break even in ~5 yrs. Panel in instant case has use life of 25 yrs
🔸Make money for bal. 20 yrs[8] Subsidies from the government
🔸On installing a solar rooftop plant, you get the the following subsidies by the government (see image)👇
🔸This is subject to certain conditions, which you can read on the govt websites
[9] How To Claim Subsidy
Application for subsidy can be filed online
🔸Download the Sandes App
🔸Enter the asked details like state & connection number
🔸After registration, log in with your number
🔸Apply for Rooftop Solar and fill out the form
🔸Once application gets approved by DISCOM, get your plant installed
🔸After installation, submit plant details and apply for a net meter
🔸DISCOM will inspect and issue a commissioning certificate
🔸Submit bank details and cancel the cheque. Your refund will take ~30 days
