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Long-term Benefits Of Residential Solar Panel Installation

People are well aware of the role that solar energy is now playing in their lives. Be it on the foreground of saving electricity or saving money, the benefits have driven many people to switch to residential solar panels. Whatever might the reason be, harvesting solar energy for your home will bring several advantages that you simply cannot refuse!

If you haven’t made the wise decision to ‘go solar’; here are the top 10 reasons that will motivate you to make the switch from traditional electricity to solar power.

Cost efficient:

Being able to tap free energy from the sun- means paying less or no utility bill. As solar energy can be generated mostly in the middle of the day, it is generally offsetting the maximum peak electricity rates. This is the main driving factor behind its nature of maximizing your savings. The government has policies and provides incentives to homeowners opting to use renewable energy. You’re also likely to receive a bill credit for excess energy generated.

Secure investment:

Solar panels use energy from the sun to generate free, renewable energy for residential solar system owners. Solar panels use energy from the sun to generate free, renewable energy for residential solar system owners. Hence investing in a solar PV system, you’re able to harness the most abundantly found energy- sun’s energy, which is completely free for everyone. The sun is the most generous source of energy on Earth. Each hour, it radiates enough energy to fulfill Earth’s power needs for an entire year.  Solar panels can still produce electricity on days when it’s cloudy, and can still be profitable investments for many people in states, which are not known for their bright sunshine in India.

Increases your home value:

Just like home renovation, solar panels are kind of upgrades. So, purchasing a solar energy system will likely increase your home’s value. Appraisers are increasingly considering solar installations while valuing homes at the time of a sale. Nowadays, even the homebuyers are becoming more educated about solar, and demand for properties equipped with solar panel systems.

Reduces carbon footprint:

Solar energy has the least negative impact on the environment compared to any other energy source. Furthermore it does not produce greenhouse gases and does not pollute the water. It also requires very little water for its maintenance, unlike nuclear power plants. This contributes to reducing the carbon footprint.

Related Read: What is Solar Panel and How Does it Work?

Low maintenance cost:

A residential solar panel installation requires little to no maintenance. Subsequently over the course of its 25-30 of years the average life, there are few costs associated with the system throughout its lifetime. Examples of these costs could be monitoring issues, wire maintenance, cleaning of the panels, etc. Residential Solar Panel Installation

Multiple application of solar power:

Above all solar power have plethora of applications . One of the most commonly solar-driven devices are, the solar water heater used in residential homes for heating the water. When it comes to generating electricity; the batteries in the solar system store energy captured in daytime and supply power throughout the day. The use of solar appliances is one of the best ways to cut expenditure on energy.

Conclusion:

Going solar by opting for residential solar panels are a great way to invest in yourself as well as your family. Solar energy is a non-perishable one, the long term benefits serve the best of it- from one generation to another.

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What are the Pros and Cons of Solar Energy?

If you are considering going for solar installation, you have probably seen tons of spammy ads claiming the best quality solar to your doorstep convincing why should you opt for solar panels at your place. 

To make the right decision for your property, you need to see the pros and cons of opting the solar pv installation at your place. Read what all the advantages and disadvantages of going to rooftop solar energy production.

Pros/Advantages of opting Solar Panel:

Lower your electricity bill.

Today, solar energy is more affordable than any other renewable source of energy. It offers a long term lower energy cost where solar panel provides a comfortable and hassle-free source of energy to your house. Let the solar energy power your home by generating electricity with the help of PV cells. Solar energy enables you to cut the monthly electricity by 60 percent and return the excessive energy to the grid, which can result in credit-return from grid company.

Increases your property value.

Recent estate statistics show that the house which has solar connection have more property value than other homes. It can be beneficial when it comes to selling or leasing your property to someone; you can demand a better amount for your property with the solar connection.

Related Read : How Installing Solar Panels Boost Home Value

Environmental friendly.

Solar installation emits lesser carbon footprints compared to the traditional method of electricity from fossil fuels. As the solar panels carry a long life, it can help make your surroundings less polluted.

Independent energy.

Solar energy is everywhere the sunshine reaches. Anyone can use this energy without polluting the environment. Many areas lack the proper infrastructure, which results in sudden power loss at any point in time. Thanks to solar installation, you can now produce and consume solar energy as your electricity. It gives you a state of independence from hefty electricity bills.

Related Read : 5 Financial Benefits of Solar Energy

Cons/Advantages of going solar:

Understanding the pricing of solar is complicated:

Some people may find it difficult in the pricing factor for solar installation, which changes their perspective about going solar. There are many solar installation providers available in the market which can make the customer confuse about which one to choose. Prices may vary from provider to provider, but the customer needs to choose which is offering the best service at the right price.

Solar panels aren’t ideal if you are constantly moving.

A solar installation is a great investment, but it can take some time to reach the break-even point. The average payback time for any solar installation can go up to 8 years. It is not suitable for those who expect a quick return on investment. It would be an unworthy investment for a young homeowner who keeps shifting to different houses. There is a risk of damaging the solar panel while moving.

Solar requires a high capital cost.

The initial cost of purchasing any solar installation can cost you reasonably high. It includes solar panel, solar inverter, wires for connection, batteries for storage (optional) and installation cost. Solar technologies are constantly evolving, which means the price of solar technology can either go up or go down in the near future.

Weather dependency.

Although the solar panel can work during a rainy and cloudy day, the efficiency of solar panels can drop at such time. A solar installation is dependent only on the sun. A few rainy or cloudy days can affect the energy consumption of your house.

You can consider these points while going for solar. We hope we gave you some clarity while making your decision to go solar.  Contact us today to get a free  solar panel installation  quote or call us at +91 772-199-4477.

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5 Financial Benefits of Solar Energy

India has ample sunlight throughout the year. It means we can use solar energy for our electricity production. 

Solar energy is one of the safe, inexpensive and eco-friendly source of energy. Currently, around 1.4 million homes have a solar installation in India. Solar power can harness various financial benefits for your residential, commercial and industrial property. To list here are five financial benefits of solar energy.

1. Solar power is cheaper than the electricity grid.

Thermal energy production comes more costly contrarily than rooftop solar energy which offers a one-time investment for your property. Since solar technology has moved very far in India, it is sufficient enough to meet one’s daily consumption of electricity. A person can save money with the production of solar electricity at home. With the constant rise in the price of electricity, it is a better option available to consumers for their electricity needs. Developing countries like India offer a good amount of Return on Investment with better financial security to the homeowners.

Related Read: 7 Reasons Why Solar Panel is Good for Your Home

2. Increase in property value:

In addition to huge saving benefits, getting a solar installation can offer a benefit of an increase in property value. Therefore, while selling, leasing, or renting the property can give you the advantage of claiming a better cost in return. Solar installation can last long up to 30 years where a person can enjoy saving benefits on hefty electricity bills.

3. Energy Independence:

Even though India today may be called as sufficient energy developer but in reality, the lack of proper infrastructure can result in a power shortage in many remote as well as urban areas in the country. Solar installation can offer an independent structure of energy to your property without spending tons of money on traditional power grid lines.

4. Government Incentives:

Those who wish to go for solar panel installation can avail the sector loan of amount 10 lakhs from nationalized banks. The current policy of the Ministry of New and Renewable, the central government offers 30 per cent of the installation cost for the rooftop PV system. Both the central and state government provides a subsidy to the people installing rooftop PV system because it encourages people to adopt the renewable sources of energy for their homes and cut their electricity bills into half the amount. Some states which come under special categories such as Uttarakhand, Sikkim, Himachal Pradesh, Jammu & Kashmir get a subsidy of 70 per cent for installation cost. These schemes are available only for residential, institutional and social sectors.

5. Tax benefits:

Investors in the solar installation are eligible for accelerated tax depreciation during their financial year in which the installation has taken place. Besides these benefits, income from solar energy can be exempted from tax for the next 10 consecutive years. This provision can vary from state to state.

Need any more reasons to go for solar? Contact us today to get a free  solar panel installation  quote or call us at +91 772-199-4477 or visit   https://galaxysolarenergy.com .

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