Power bills are a cause of worry in almost every household. With the way electricity prices are skyrocketing and our dependence on electricity for maintaining our lifestyle is increasing, it has become one hefty affair to be able to power our homes and businesses. Consequently, people are considering options like Solar Power Panels to cut down these growing costs.
But how can solar energy products help you save money? To understand that, you should be aware of the money you’re paying in electric bills and how that is calculated.
How do your power bills currently work?
Firstly, the electricity we use comes from the national power grid, which essentially means the total electricity produced by the government for the country. Every household and enterprise is dependent on it for power as opposed to generating their own with the help of Solar Power Panels. According to your geographical area, the availability of power, and your usage (residential, commercial, industrial, etc.) the prices are decided per unit of your consumed electricity. This is called the tariff rate.
So to calculate your monthly bill, You take your net power consumed in that month (measured in kilowatt-hour), and multiply it with your tariff rate. Then you add some fixed charges and other expenses like tax, and you have your number.
What is wrong with that?
There are several flaws in both- this method and the source of energy. The primary drawback is that electricity requires an extensive and harmful process to be produced, which in turn requires a lot of capital. For the government as well, this is like throwing money into a volcano, which is going to explode and ruin everything someday. No wonder it is trying to actively promote Solar Product Manufacturers to adopt this technology nationwide.
Apart from this, there are many other reasons why the utilisation of this conventional source of energy needs to be curbed, such as:
-Expensive and harmful to the environment.
-Current supply is insufficient to meet current demands.
-Unpredictable price hikes.
-The more you consume, the more you have to pay per unit.
How Solar Panels come into play?
Now that you see the problem, let’s talk about fixing it. As you must know, Solar energy is infinite and inexhaustible and can therefore be used to produce as much electricity as we need, provided we have the tools to do so. Products that harness energy from the sun such as Solar power panels are the solution we need.
Such products convert sunlight into electricity which is stored in the panels and can be used to power any equipment or machinery. The number of solar panels you install is directly proportional to the amount of power they produce.
This way, you will not need to pay as much for conventional electricity as most of your needs will be fulfilled by these solar power systems. The best part, after you’ve bought them, these solar products will give you power for free!
Some notable benefits of switching to solar energy are:
-Less Reliance on the national grid
Since you would have your own power source at home, you will not need to buy electricity from the national grid, or at least you will need to do it for a fraction of how much you used to. This not only means no more paying for electricity but also safeguards you from power outages that occur from the backend, giving you free power whenever you want it.
-Solar Panels pay for themselves
When we say you’ll save money, we mean it! Now you may think buying and installing solar power panels is a significant investment. Then why does everyone keep claiming they’re free? That’s because the money you invest will be compensated in the money you will end up saving.
Since you will not have to pay for power anymore, you can consider that money as installments for buying solar products. And before you know it, in a few years, you will have saved the money to buy solar panels in just energy bills.
Even better than that, after this moment, you will be essentially making money as you have already received back your initial investment and you don’t have to pay a single penny in bills anymore.
Since solar power is a cleaner, more conveniently sourced energy, the government also recognises the benefits it can have for the nation and the world altogether. This is a prominent reason why they are encouraging both Solar Product Manufacturers and consumers to make the switch.
To motivate the public, the Indian Government and others have launched subsidies and special reliefs for those homes/businesses that use solar power. Some provisions and relaxations have also been introduced for Solar panel manufacturing and installation companies to make commerce more feasible for them.
Therefore, if you look at it from this perspective, now is the best time to leverage the limitless potential of the sun and incorporate solar products into your lives. Not only will you start saving money instantly, but you will also be receiving additional support from the authorities. So what are you waiting for? Get in touch with us and start your journey towards sustainable savings today!