Solar rooftop systems can be a good investment in India, especially for those who have high electricity bills and are looking to save money in the long run. The cost of electricity in India has been steadily increasing over the past few years, making it more expensive for households and businesses to rely solely on grid electricity.
A solar rooftop system allows you to generate your own electricity using solar panels installed on your roof. The energy generated by the solar panels can be used to power your home or business, and any excess energy can be sold back to the grid, providing you with additional income.
The cost of installing a solar rooftop system in India varies depending on the size and type of system you choose, but generally, it can cost anywhere between ₹50,000 to ₹5,00,000. However, with government incentives and subsidies, the cost of installation can be significantly reduced, making it a more affordable investment option.
Let's consider an example of a 5 kW solar rooftop system installed in a home in Delhi. The total cost of the system is ₹3,50,000, but with government subsidies and incentives, the cost is reduced to ₹2,50,000. Assuming that the household has an average electricity bill of ₹8,000 per month, the solar rooftop system can generate around 20-25 units of electricity per day, which is sufficient to cover their electricity needs.
With the solar rooftop system, the household can save around ₹5,000-₹6,000 per month on their electricity bills, resulting in an annual saving of around ₹60,000-₹72,000. In addition, any excess energy generated by the system can be sold back to the grid at a rate of around ₹3-₹4 per unit, providing additional income.
Assuming that the solar rooftop system has a lifespan of 25 years, the household can potentially save around ₹15,00,000-₹18,00,000 on their electricity bills and earn an additional income of around ₹1,00,000-₹1,50,000 over the lifetime of the system.
Therefore, investing in a solar rooftop system in India can be a good long-term investment, providing you with significant savings on your electricity bills and additional income through the sale of excess energy back to the grid.
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