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If you have been looking for an alternative energy source, you may have considered going solar. It has its benefits, undoubtedly. It’s a powerful source of free energy that can power your home for years to come. It’s an investment that will help you lower your electricity bills for at least the next 25 years.
So, if you are thinking of making a smart move as we head into a new year, investing in a home solar system is a move that can prove to be worth it.
In this article, we will take a look at some things you must know before installing a home solar system so that you can make the best of your investment.
How Much Energy Can You Generate Using Solar Energy?
Solar power is capable of meeting all of your power requirements. They come in various sizes and shapes catering to a wide array of requirements. So, it doesn’t matter if you are looking for a solar-powered backup or thinking of completely replacing your reliance on the main grid for electricity; you can rest assured that you can do it using solar energy.
Also, if you wish to upgrade your home solar system, you can integrate Dcbel’s EV charging station that lets you power up your home from your car’s battery whenever required.
How Much Savings Can You Expect?
You can save up to 80% and even more on your electricity bills by choosing a home solar system. However, for this you need to determine your savings in absolute values since the savings you make from solar energy will be dependent on the energy profile of your home.
Eligibility for Net-Metering
Whether you opt for an on-grid or hybrid home solar system, net-metering is crucial to maximizing savings. Opting for these systems will allow you to route any excess energy generated by the solar panels back to the main grid making you eligible for subsidies under various central and state government initiatives. Therefore, it’s a great idea to apply for net-metering before installing a PV system so that you are up and ready once you start generating power.
Cost of Residential Rooftop Solar System
The cost of a home solar system has drastically reduced over the last decade. Advancements in technology have ensured that what was once considered to be a costly investment has now become affordable.
However, always ensure that you only invest in the highest quality systems to maximize gains and reduce maintenance costs. After all, it’s always better to spend a little extra for quality and long-term gains, rather than save and buy a product that won’t last long.
Breaking Even on your Investment
If you configure your solar system properly, you can expect to break even in as little as 3-4 years. However, it also depends on the size of your home solar system and the effective tariffs in your respective state. One thing is for sure, no matter what you can expect guaranteed savings, which means that returns will be assured.
Are there any Tax Benefits?
Even though there are no tax benefits as such for residential consumers, the savings that you make over time are more than enough to justify your investment.
Shifting to a New Home
A lot of people are unsure as to what happens to their home solar system if they have to move to a new home. It’s simple, you can uninstall the system and get it reinstalled in your new abode. However, you should let professionals take care of it all so that there is no damage to the system.
Now that you know the details, there should be nothing holding you back from getting a home solar system installed and start reaping the benefits.
Luminous has one of the widest portfolios of the home solar system and solar products available across a range of budgets. So, in case you are looking for a system that’s made using the highest-grade components and lasts for a couple of decades, then you must check their range of solar products right away. It’s an investment that comes with guaranteed returns and is unlike any other investment you have ever made. It’s time to embrace the future of energy!
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