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Understanding Electric bill to design rooftop solar

Publish Date:
2nd March, 2022
Title:
Understanding Electric bill to design rooftop solar
Doc Type:
Market Survey
Publish By:
Institute of Solar Technology
Sanjib Roy, M.Sc Physic




Understanding Electric bill to design rooftop solar

Abstract



Keywords:

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Summery

The biggest advantage of installing rooftop solar panels is that they offer cost savings. The tariff rates for rooftop solar in comparison to industrial and commercial tariff rates are cheaper by 17% and 27% respectively. Rooftop solar installations are also attaining grid parity in many residential sectors of India. For building owners, rooftop solar installations can even help in cutting down electricity bills. Rooftop panels supply electricity to buildings, so they need to buy less electricity from the grid thereby saving on energy costs.

Electricity prices keep on fluctuating from time to time. So, it is difficult to calculate the expenditure on electricity for a certain period of time. However, when it comes to electricity generated by solar rooftops, the price of power generated can be calculated easily. In fact, one can even calculate the cost of electricity generation for another 10 years. In this way, it is a secure investment.

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When your solar system is connected to the grid, you can avail of the net-metering policy. Consumers who produce more energy than they consume get compensated for the surplus energy. In case you utilize more power than you generate, the grid will provide you with the required amount of energy. Additionally, you only have to pay the difference as your electricity bill.
It is true that solar can help you save up to 90% on your electricity bills. With an on-grid rooftop system, you can even earn money for your surplus electricity.

Bring home the power of the sun and save big on electricity bills


IST Alumni

In a very short span of time, we gain a lot of knowledge about solar PV.

- HERA BAHADUR SUNAR,
Proprietor, Sun Electro Solution

Taught IST training is very simplistic manner and covered the all aspect of the PV sector which is helpful to do business. The most effective things of the training session were Demonstration through software.

- VISHAL MOHANKA,
PARTNER - A.B.M Electric & Engg Co.

My heartfelt thanks to Mr. Sanjib Roy and Mr. Mohit Ajmera (Tutor of entire program) has given me the best training program that I had an opportunity for learn about complete solar PV system. - Training of this course was very useful to me and for my future business too. - Provided the guide lines of solar PV system, the references books and study material, calculations are giving more accuracy and confidence to me to make any size of solar projects.

- MOHAMED MAROOF,
SALES ENGINEER AT DISCOVER ENERGY , DUBAI



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