Prestige Park Grove

Investing in solar Energy or not

Green energy and conservation have gotten a lot of attention recently in India. Due to the large number of such natural resources in the national sustainable energy sources like wind, solar, and thermal energy have a lot of potential. In terms of individual home usage, it is the one with the most noticeable trust. You must have seen many people putting solar panels at their residences due to this. For promoting environmentally friendly growth and a greener environment the government has already set the objective of installing 175 GW of renewable energy capacity. By the end of 2022, the government expects to have installed about 100 GW of rooftop solar panels. Here are the top 5 suggestions for investing in solar energy: 

Safe investment

According to the movements in electricity prices it may be challenging to estimate the costs for a specific time period while using traditional electricity. But on the other hand, a family can calculate how much electricity solar rooftop systems will produce. Because of the stability of the solar electricity rate for the next ten years you can easily figure out the cost of electricity generation. So rooftop solar panels are a reasonable and safe investment.

Welfare benefits

When it comes to making a contribution to green energy you are not doing it alone. Both commercial and residential solar rooftop units are suitable for certain tax incentives offered by the Indian government. The goal of the government is to convince people to use solar energy whether it is used for domestic or professional use. According to the Ministry of New and Renewable Energy, the Indian government will pay the installation costs of rooftop solar systems up to 30%. 

Suitable for the climate in India

The geographical location of the area affects solar panels as well because they need a lot of sunlight to generate electricity. India is geographically situated in such a way that it enjoys a lot of sunlight on nearly 300 days with a clear sky each year. So rooftop solar systems are really suitable for Indian citizens. 

Require little space to install and its maintenance costs are low.

Solar panels for roofs are appropriate in that they can be fitted on any rooftop. Therefore installing a rooftop solar panel won’t need you to give up your property or make any major home changes. The system provides a win scenario by protecting the building’s roof where they are installed. Good rooftop solar panels require very minimal maintenance which is another important characteristic. A good solar power return on investment usually has a service life of 20 years or more with regular maintenance.

Solar energy raises a home’s value.

While solar energy means less stress about power costs, buyers prefer to see it. Solar energy systems are usually valued by home inspectors at or higher than their part and maintenance cost. The best part is that it won’t lose value the way a room renovation would. Your home’s value will increase due to your domestic solar energy system for a long time to come. 

Long-term economic advantages

As the Indians work hard they are renowned for being frugal. As a result, you choose to put our difficult money to work by investing it in bonds, stocks, SIPs, and other long-term strategies. Solar power systems are one such long-term, cutting-edge, and eco-friendly investment. 

Safety

Solar energy doesn’t require power lines or transformers to increase or decrease voltages like electricity produced in a hydropower or very thermal power plant. This not only lowers the cost of installation but also makes it a safe product that can be installed immediately at home and used even by young children with little skill. 

Putting in solar is simple.

The entire process is handled for you by solar energy. Solar installers check your location before designing a unique plan, installing the system, managing to finance, examining your incentives, and completing all the paperwork. They also take care of every small detail to ensure that nothing is missed.

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