Indian city electricity bills now constitute the center of concern for the majority of the population and entrepreneurs. With rising power tariffs and long-term consumption of non-renewable resources, the majority were keen to opt for alternatives like solar panels. But how much can you save on electricity per month if you opt for solar energy? The response depends on a gazillion variables including where you live, how much electricity you use, and what kind of solar panel you place on your rooftop. This blog lays it all out about the rising use of solar panels.
Why Electricity Bills Are Rising in Cities
India's electricity prices rise every year. City electricity prices like Delhi, Mumbai, Bangalore, and Hyderabad range from ₹6 to ₹10 per unit. If your home or office is 300 to 500 units per month, your bill can be ₹5,000 per month. Take this expense every single month for the coming years.
Power failure happens even in the cities during summer and peak hours. You can avoid this by means of inverters or diesel generators, and thus you are increasing your spending once more.
Solar power is the solution here. You can produce electricity of your own by means of solar panels. After installing a system, you have almost free power for the next 20 to 25 years.
Monthly Saving with Solar Power in Indian Cities
Below is an estimated calculation of what you can save each month using solar panels:
- If you pay ₹3,000 every month for electricity, you can save ₹2,500 to ₹2,800 every month using a solar panel.
- For extra power consumption of around ₹5,000 every month, the savings can be ₹4,500 every month.
- If your office or store uses ₹8,000 or more electricity, then you can save up to ₹7,000 or more a month.
The above figure will depend on the city you are in, sunlight hours, and system capacity you install.
What Affects Your Solar Savings?
Now let us talk about the factors that decide how much you save with solar panels for home.
1. Sunlight in Your Area
Cities such as Jaipur, Ahmedabad, Delhi, and Chennai receive a good amount of sunlight. If you stay in any of these cities, then your solar panel will generate more power and save you more. Locations which receive more rain or cloud cover like Kochi or Shillong will receive lower charged solar power.
2. Size of Your Solar Panel System
A basic 3 kW unit will be suitable for a small home. It can save ₹3,000 to ₹4,000 per month. A 5 kW unit will light up a larger home or a small office and will save ₹5,000 to ₹7,000 per month.
3. Your Monthly Electricity Consumption
The higher your electricity consumption is, the higher your savings will be. More units saved = more money saved.
4. Net Metering
With net metering, you sell the surplus solar energy to the grid and get credited for it. Your savings are augmented further by this. Net metering is offered in the majority of Indian states like Delhi, Rajasthan, and Maharashtra.
Example of Monthly Savings
Let's consider an example. You live in Delhi and your residence uses 400 units every month. Your bill comes out to be about ₹3,600. You get a good company like, Microtek, to install a 3.5 kW solar panels for home, and your system provides you with 420 units every month.
This means:
- You save the whole ₹3,600 from your bill.
- You can even sell excess power to the grid and earn extra credit.
- Your savings per month is ₹3,500 to ₹4,000.
- In one year, the savings would be ₹42,000 to ₹48,000. In 20 years, that would be around ₹9 to ₹10 lakh.
Is Solar Panel Price Worth It?
Yes. The installation price of a standard 3 kW solar panel kit in India would be in the region of ₹1.5 to ₹2 lakh. That includes everything like solar panels, inverter, battery (if needed), installation, and wiring.
If you can spare ₹3,000 per month, you can repay the amount in 4 to 5 years. After that, it is virtually free power for another 15 to 20 years.
Also, with the newest technology, solar panels are working more efficiently these days. Our Microtek solar systems are made from higher-quality materials and newest inverters. They work wonderfully in all weather and have long warranties.
Other Advantages of Embracing Solar
Aside from saving costs, some other benefits accrue from embracing solar:
- No power disruption if you embrace solar with battery backup
- Low maintenance cost
- Value addition to the property
- Clean and green energy for a green tomorrow
- Government 40 percent subsidy in a few states
Last Words
Solar panels will reduce your electricity bill by 90 percent each month. If you live in those cities where the cost of power is ridiculously high, the savings will be astronomical. Whatever amount you end up saving over the long term will be greater than the sum of money you spend on the solar system.
Considering the fact that India is opting for clean energy, it is the right time to make the investment in solar power. Efficient and economical solar panel systems from our company, Microtek, for homes and offices are something that comes within reach. End your nightmare of gargantuan bills. Save money each month. Solar not just makes sense, it's the future.
