Did you know that the International Energy Agency predicts that solar PV will reach 4.7 terawatts in 30 years, with more than half of that installed in China and India, making solar power the world’s greatest source of electricity? India has long been a leader in solar energy, with a total installed capacity of 37.627 GW as of March 31, 2020. Many companies are manufacturing solar power plants but being a TATA solar panel distributor in Gurgaon we will tell you that it is the best of all. Solar energy is undoubtedly on its way to worldwide dominance, but that shouldn’t be the sole reason to jump on board and switch over to it, right?
So, why is solar energy a viable option?
First and foremost, all fossil fuel reserves are predicted to be depleted by 2060 if current trends continue. For 70% of its electrical generation, India relies on coal, a fossil fuel. However, studies have revealed a large decline in coal use and a significant increase in solar energy use. This demonstrates that we have the potential to move to renewable energy, particularly solar. Photovoltaic electricity prices are currently roughly 18% lower than the average price of electricity generated by coal plants, indicating that it is also commercially viable.
Here are a few compelling reasons to think about solar energy as a better, cleaner alternative:-
Economic value in industrial and domestic sectors
In India, there are primarily two types of power users: industrial and home. The industrial sector consumes 44.2 percent of all energy produced in India, making it one of the most important sectors to keep an eye on when it comes to electricity demand. That doesn’t change the fact that grid prices can be as high as INR 9 per unit during regular hours and considerably higher during peak hours, making solar energy cheap in comparison.
Switching to solar energy has a big financial incentive for industrial customers. They may save 40-60% on-grid power while also lowering their carbon footprint and meeting their Renewable Purchase Requirements. In most cases, an in-house solar rooftop plant or an off-site solar farm that can be stored in battery storage systems to further cut electricity costs is the best option for enterprises. Captive solar power facilities should be installed in the premises of large companies with high load requirements.
In India, solar power businesses are constructing solar energy farms to meet the needs of industries in terms of solar energy. This demonstrates that solar energy can be used to replace coal-fired electricity.
On a typical bright day, a household solar panel generates roughly 300 watts of energy in an hour, which translates to 0.3kWh) of power and 240 volts, which equals 1.25 Amps. The system needs a battery storage solution as well. On a typical bright day, a household solar panel generates roughly 300 watts of energy in an hour, which translates to 0.3kWh) of power and 240 volts, which equals 1.25 Amps. The system needs a battery storage solution as well. On a typical bright day, a household solar panel generates roughly 300 watts of energy in an hour, which translates to 0.3kWh) of power and 240 volts, which equals 1.25 Amps. The system needs a battery storage solution as well.
Mainly people choose among an on-grid or off-grid solar rooftop power plant in Ghaziabad for their domestic energy consumption.
An off-grid system is not connected to any other primary grid. Solar energy is stored in this method using batteries. Solar batteries store the energy generated by solar panels so that they can be used later. Solar batteries frequently include their inverter and may convert energy on their own.
You can use solar batteries to store extra solar energy generated by your solar energy system. When your solar power system isn’t working, you can tap into this stored energy.
Only an inverter is used in a grid-connected system, any surplus energy produced by the plant generates money, which is known as “net metering.” When customers add extra power to the grid, the net metering system credits their account at the end of the month. A solar rooftop power plant in Vasundhara generates excess power during the day, which is then delivered to the grid. When the solar plants are not producing energy, which is frequently at night or on rainy days, this surplus power can be used. With net metering, the homeowner is only charged for the net energy output used each month, which is equal to the energy produced by the solar power system minus the solar energy consumed by the house over the course of the month.
A basic off-grid setup for household use can cost anywhere between Rs 55k and Rs 1.25 lakh. A similar grid-connected system would normally cost between Rs 75,000 and Rs 90,000. An off-grid home solar system is a one-time expense that pays off nicely if properly installed, due to the huge savings on electricity bills.
A home solar system that is connected to the grid is slightly less expensive and can also generate cash. Investing in a solar energy system would mean making the move to a more environmentally responsible and cost-effective option.
The government has also been lowering tariffs, holding auctions, and heavily supporting solar energy investment! This will ensure that our rural communities will soon have access to affordable electricity, and we will be able to look forward to a greener future. So, if we desire a bright future, choosing from the top 10 solar companies in Delhi NCR is an excellent option.