How Much Can You Save by Switching to Solar Power?
Switching to solar power in India offers significant savings on electricity bills as energy costs continue to rise. The extent of savings depends on factors such as system size, location, energy consumption, and available sunlight. NUera Solar helps you maximize these savings with tailored solar solutions.
Monthly Savings
A standard 5 kW rooftop solar system, costing approximately ₹3.5–4 lakh, can save ₹3,300–₹3,500 per month. This translates to annual savings of ₹39,600. Over the 25-year lifespan of the system, homeowners can save over ₹9.9 lakh, not accounting for potential increases in electricity rates.
Residential Savings
Households can reduce electricity bills by 20–70% by adopting solar energy. For example, in Delhi, over 10,000 rooftop solar connections save consumers approximately ₹160 crore annually. A 10 kW domestic rooftop solar system can save around ₹86,400 per year, further enhanced by subsidies under schemes like PM Surya Ghar Muft Bijli Yojana and Delhi Solar Policy.
Why Solar for Homes?
Solar power significantly cuts electricity costs and supports sustainable living.
Commercial and Industrial Savings
Businesses can achieve substantial savings with solar energy, typically reducing electricity bills by 20–30%. For energy-intensive companies, solar systems lower operational costs, enhancing profitability and competitiveness.
"Solar energy transforms business economics by slashing energy costs and boosting sustainability."
Net Metering Benefits
Net metering allows homeowners to sell excess solar energy to the grid, earning credits to offset future electricity consumption. This system increases the financial benefits of solar adoption by compensating users for surplus energy generated.
Sell excess energy to the grid
Earn credits for future use
Maximize solar investment
Conclusion
Switching to solar power offers significant long-term savings on electricity bills for homeowners and businesses in India. With government incentives, net metering, and declining solar installation costs, solar energy is a cost-effective and eco-friendly solution. Partner with NUera Solar to start saving today!
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