The Sun has been worshiped as a life-giver to our planet since ancient times. The Industrial Age gave us an understanding of sunlight as an energy source. India is endowed with vast solar energy potential. About 5,000 trillion kWh per year energy is incident over India's land area with most parts receiving 4-7 kWh per sq. m per day. Let's take a look at some of the benefits of Solar Energy at the domestic level.
Cost Savings
Financial returns and lower monthly utility bills are major incentives for going solar. The exact savings you will see with solar depends on the following:
Electricity consumption
Solar energy system size
Whether you purchase or lease your system
Direct hours of daily sunlight
Size and angle of the roof
A solar electric system provides an opportunity for anyone who is looking to reduce monthly utility bills and make a long-term, low-risk investment.
Increased Home Value
Solar panels are viewed as upgrades, like a renovated kitchen or a finished basement, so purchasing a solar energy system will likely increase your home’s value. Solar homes can sell for more than homes without a solar system.
Solar Works Everywhere
The sun is everywhere. In fact, just one hour of noontime summer sun is equal to the annual electricity demand of many countries. Even places with relatively low solar resources, can experience cost savings, similar to solar resources in countries that have widely developed solar energy, like Germany.
Environmental
Each kilowatt-hour (kWh) of solar that is generated will substantially reduce greenhouse gas emissions like CO2, as well as other dangerous pollutants such as sulfur oxides, nitrogen oxides, and particulate matter. Solar also reduces water consumption and withdrawal.