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


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