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The Economics of Installing Solar Panels in Delhi

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It is no secret that pollution, from dirty air to contaminated water, has a huge impact on our planet and well-being. Staying in a polluted environment can cause respiratory problems, harm wildlife, and threaten our ecosystems. Thankfully, people are slowly understanding the effects of pollution and looking for renewable solutions. One of the most popular forms of renewable energy used in India is solar energy. It is clean, abundant, and free! The Indian government has taken various initiatives to boost the use of solar energy. 

Solar Panel Installation in Delhi

The sun shines bright in Delhi, making solar energy a viable option for Delhiites. People are using solar systems in Delhi to light up their homes and buildings without hurting the planet. The current solar energy generation capacity of Delhi is 1,500 MW. This capacity is expected to increase to 4,500 MW by March 2027. 

Price of Solar Panels in Delhi

You will get many different options from solar installers in Delhi. This is because the price depends on various factors, like the materials, size, type, etc. depends on the type and size. However, you cannot choose your rooftop solar panel based on the price. Instead, you should determine your needs and then consult an expert to help you choose the right option. Here are the different solar panel prices in Delhi

Solar System Size Subsidy Applicable Prices After Subsidy
1kW Solar System Rs. 18,000 Rs. 57,000 – Rs. 67,000
2kW Solar System Rs. 36,000 Rs. 1,14,000 – Rs. 1,34,000
3kW Solar System Rs. 54,000 Rs. 1,35,000 – Rs. 1,61,000
4kW Solar System 63,000 Rs. 1,89,000 – Rs. 2,22,600
5kW Solar System Rs. 72,000 Rs. 2,43,000 – Rs. 2,85,000
10kW Solar System Rs. 1,17,000 Rs. 4,14,000 – Rs. 4,90,000

Savings with Solar in Delhi

Here is a table to help you understand how much you can save by installing solar panels in Delhi:

Solar Panel System Size Price Savings (Yearly) Payback Period
1 kW Rs 80,000 Rs 21,600 7
2 kW Rs 1,60,000 Rs 43,200 7
3 kW Rs 2,40,000 Rs 64,800 7
4 kW Rs 3,20,000 Rs 86,400 7
5 kW Rs 4,00,000 Rs 1,08,000 7

Factors that influence your savings with solar panels

The initial investment might seem a lot but solar panels in Delhi will help to save money over time. Moreover, the government provides various subsidies so that it is easily accessible to everyone. You will get tax benefits as well. Here are a few tips that will further enhance your solar energy savings

Optimal Panel Placement

Ensuring optimal placement of solar panels is crucial for maximising savings. Panels should be installed in locations with maximum sunlight exposure throughout the day. Avoid shading from nearby trees or buildings to maximise energy production and increase solar power savings over time.

Energy-Efficient Appliances

Investing in energy-efficient appliances and practices can complement solar panel savings. By reducing overall energy consumption, you can amplify the impact of solar energy generation and further lower electricity bills. Upgrading to energy-efficient appliances, using programmable thermostats, and adopting energy-saving habits contribute to greater overall savings with solar panels.

Net Metering Programs

Taking advantage of net metering programs offered by utility companies can enhance savings with solar panels. Net metering allows you to earn credits for excess solar energy sent back into the grid. The credits are adjusted against future electricity usage during periods of low solar production. This effectively reduces your net energy costs and increases the financial benefits of solar panel ownership.

Battery Storage Systems

Incorporating battery storage systems with your solar panel installation can boost savings and energy independence. Batteries store excess solar energy generated during the day. This stored energy can be used during periods of low sunlight or high energy demand, such as evenings or cloudy days. By reducing dependence on grid electricity and avoiding peak demand charges, battery storage systems maximise savings and provide backup power during outages.

Regular Maintenance

Performing regular maintenance on your solar panel system is essential. It is crucial for energy production and maximising savings. Cleaning panels regularly to remove dirt, debris, and bird droppings ensures maximum sunlight absorption and efficiency. Additionally, monitoring system performance and promptly addressing any issues helps prevent energy losses and preserves long-term savings.

Energy Monitoring Tools

Using energy monitoring tools and software allows you to track your solar panel system’s performance in real-time and identify opportunities for savings. Monitoring tools provide insights into energy production, consumption patterns, and potential inefficiencies. Therefore, you can make informed decisions to reduce energy usage and increase savings over time.

Benefits of Installing Solar Panels in Delhi

Here are a few benefits to convince you to choose solar energy in Delhi over non-renewable energy in Delhi:

Reduced Electricity Bills

Installing solar panels in Delhi can significantly reduce electricity bills for homeowners and businesses. Since this region receives abundant sunlight, solar panels generate clean energy that can power households and commercial buildings during the day. 

Environmental Impact:

One of the most significant benefits of installing solar panels in Delhi is the positive impact on the environment. Solar energy is a clean and renewable source of power that produces no greenhouse gas emissions or air pollutants. By switching to solar energy, individuals and businesses can contribute to reducing Delhi’s carbon footprint and combating air pollution.

Energy Independence:

Solar panels provide energy independence for residents and businesses in Delhi. By generating electricity on-site, solar panel owners become less reliant on the fluctuating prices of grid electricity and fossil fuels. This independence not only provides greater control over energy costs but also enhances energy security. You will no longer have worry about grid disruptions or power outages.

Property Value:

Solar panels can enhance the value of properties in Delhi. Studies have shown that homes and commercial buildings equipped with solar panels tend to sell for higher prices and attract more potential buyers. The presence of solar panels signifies energy efficiency and sustainability. It is appealing to environmentally conscious individuals and investors interested in long-term savings.

Reduce your electricity bills upto 90% with Fenice

Shivam Punjabi
Shivam Punjabi

November 2, 2023


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