Harnessing the Sun: 7 Unbelievable Benefits of Rooftop Solar Panels in India

Renewable, sustainable and green sources of energy are the need of the hour for everyone. At the helm of this lies solar energy- the only energy that is available for everyone without harming the environment. Harnessing the sun’s rays is now possible with solar panels that convert it into other energy forms, especially electricity. 

India being a big country can certainly use sustainable energy projects. Such projects are good not only for the environment but also are good investment opportunities. Let’s explore in this blog what are the benefits of rooftop solar panels in India.

Benefits of Rooftop Solar Panels in India

1. Reduction in Energy Bills

Using solar power will cut your electricity bills. Ever thought about whether paying electricity bills forever is the best choice? We use electricity for everything— at home, work, and even to charge our phones.

Instead of paying bills every month, how about paying a larger amount upfront? This will equal five years of bills. You can do so with solar energy. One of the benefits of rooftop solar panels in India is saving money. With solar energy, you cannot be financially frugal. 

Learn how to use solar-driven electrical appliances with this guide: Different Types of Solar Inverters and Their Pros and Cons- Explained.  

Installing a solar panel allows you to generate electricity through natural means. It allows you to have a backup. Save money for the rest of your life with solar panels. This not only reduces your dependency on regular electricity but also prepares and equips you in terms of blackouts and emergencies. 

Since you can save money by using solar energy- make the switch today! It will make a big difference in your life and your finances.

2. Good for the Environment

There is a gradual shift towards solar energy. Opting for green and renewable energy sources is not only good for your finances and investments but also a boon for the environment. Here are the benefits of rooftop solar panels in India for the environment. 

The advantages of rooftop solar panels are evident for both commercial and personal purposes. Other than saving money on energy bills, you can also earn extra money by selling your excess generated energy. Solar power is also crucial for reducing harmful emissions due to using other energy forms.  

“Green” Alternative 

The benefits of rooftop solar panels in India do more than make the air cleaner. It also saves water. This new energy that is “green” is renewable. India is a place that experiences bright sunlight for more than 200 days of the year. 

Therefore, it is easy to harness and produce solar energy-led projects. Such benefits of rooftop solar panels in India also allow you to have a cleaner and healthier environment. 

3. Energy Backup 

The rooftop solar system generates energy that you can store when you do not need all the generated amount. You can store the produced energy in a battery as a backup in case of electrical cuts or emergencies. They come in handy at night. You can use them in the dark to generate electricity. 

Read more: Commercial Solar Power Plants: A Blueprint for Sustainable Energy Solutions.  

In case of a power fault or breakdown, solar energy can act as a backup. Using the panels you can light up your house even when the local electric supply is down. That is one of the many benefits of rooftop solar panels in India. The off-grid solar panels have ample energy security capacity. 

If you live in a place that faces frequent power cut-outs, then it is best to choose the off-grid ones. On the other hand, you can go for a grid rooftop solar panel mounting structure. Choosing the solar energy backup is not only about having electricity when the power goes off. It is also about financial security. Find out how below. 

4. Financial Benefits

Saving money is an essential part of any Indian. So, why not start with your electricity? Having electricity does not have to be an expensive affair. You can invest in funds and bonds or SIPs to grow your financial portfolio.

Investing in solar energy projects with high ROI guarantees long-term benefits. Using solar power can help you to lower your utility bills. This brings down your costs by a large fraction. 

Enjoy the benefits of rooftop solar panels in India as you seek financial advice from experts about investing in solar energy. Such experts can guide you to maximise the benefits. There is another way to maximise such benefits. Find out below. 

5. Increase in Property Value 

Installing solar panels can increase the value of your property. A National Bureau of Economic Research study found that installing solar panels from the rooftop solar panels government scheme sells your home at an average of ₹11 lakhs more than homes without. 

The same study also proposed that solar panels will increase your home’s value by more than 4%. Therefore, homebuyers are prioritising installing rooftop solar panels for homes. Other than these benefits of rooftop solar panels in India, it also makes their homes desirable products on the real estate market. 

Installing solar panels also helps to use the accessories and electric outlets in the home more efficiently. Consult with your investment portfolio manager on how to fund solar energy projects whether commercial or domestic, so you can maximise your returns while saving the environment. 

6. Investment Opportunities

Rooftop solar panels offer individuals and businesses the chance to invest in solar energy projects, either through direct installation on their properties or by participating in community solar initiatives.  

There are ways to see the profitability of solar energy projects. Other than the environment, there are more benefits of rooftop solar panels in India, especially through investments. 

Calculating Your Investments

A reliable method for assessing these opportunities is through the use of the Internal Rate of Return (IRR). IRR is a crucial index that provides insights into the rate of return on specific solar energy investments. 

Utilising an IRR calculator simplifies the complex calculations involved, particularly where the net present value of cash flows equals zero. IRR calculation determines the rate at which the NPV (Net Present Value) becomes zero. 

This method allows you to grow your financial portfolio. Amongst the benefits of rooftop solar panels in India, you get to increase your returns while ensuring a sustainable environment. 

7. Community Empowerment 

Another benefit of installing rooftop solar projects is that it brings the community together. There are communities in some places in the country that run on solar energy.  When such a community-wide project supports renewable energy. Thus, it helps to reduce emissions.  

Such benefits of rooftop solar panels in India allow the entire community to save money on energy bills with no up-front investment. When an entire community “invests” in solar projects for the benefit of their community, they do more than curb climate change.

Such benefits of rooftop solar panels in India like investments in solar projects through a portfolio manager also help them to increase their financial returns. They now have options that help them to secure energy supply solutions that offer resiliency and energy security. 

For example, a solar array with a battery storage solution allows homeowners and businesses to keep going even during power outages. Critical institutions such as hospitals and airports are also seeking larger-scale solutions for similar reasons. 

Investing in clean energy ensures that important institutions like hospitals keep running in the face of power cuts, while you, as an investor, can still profit from your investments. 

FAQs: Harnessing the Sun: 7 Unbelievable Benefits of Rooftop Solar Panels in India

How does a solar panel work?

Solar panels absorb sunlight and convert the Direct Current (DC) into Alternating Current (AC) to ensure that it powers up your appliances. 

What is a rooftop solar power system?

A rooftop solar power system encompasses on-grid, off-grid, and hybrid systems. It captures sunlight on building roofs, converting it into electricity. The other names are rooftop solar or solar PV system. It efficiently harnesses solar energy for electrical generation in your establishments. 

Which type of solar panel is best for residential use?

Monocrystalline solar panels prove most suitable for residential use in terms of performance and durability. However, they are expensive.  

How to clean rooftop solar panels?

Use a soft brush or sponge with soapy water to gently clean rooftop solar panels, avoiding abrasive materials to prevent damage.

How can I invest in solar projects?

With Sustvest access to investment opportunities in renewable energy projects. Your investment will help set up the renewable energy projects at zero up-front cost. You will also receive a monthly ownership share of the invested solar projects.

Conclusion 

Advancements in solar technology allow us to harness abundant solar energy. There is also a rapid increase in solar energy projects. To ensure that communities can harness the benefits of rooftop solar panels in India, proper funds are necessary. With Sustvest investing in solar projects helps to become sustainable and create a diverse investment portfolio.