An on-grid solar system is a grid-connected solar system that allows the export and import of electricity to and from the grid. As a result, it reduces dependence on the grid for thermal power-generated electricity.
9 Advantages of An On-grid Solar System in 2024
Here are the 9 benefits of using a grid-tied solar system in 2024 for you:
1) Reduced Monthly Electricity Bills
A grid-tied solar system helps you reduce monthly electricity bills by lowering the dependence on the grid. It exports excess electricity generated by solar panels during solar hours to the grid and imports necessary units of electricity during non-solar hours. As a result, the total units of electricity imported from the grid decrease leading to lower electricity bills per month.
A 3 kW solar system can generate around 12-15 units of electricity per day thereby generating 360-450 units of electricity per month. As a result, you can reduce 360-450 units of electricity unit imports from the grid leading to a reduced electricity bill per month.
2) Subsidy on Solar Panel Installation
The Indian Government provides subsidies under the PM Surya Ghar Muft Bijli Yojana of Rs. 30,000, Rs. 60,000 and Rs. 78,000 for different solar panel capacities. Choosing an on-grid solar system over an off-grid and hybrid helps you get the subsidy provided by the central government of India.
Your solar panel installation cost significantly decreases with the subsidies provided by the government. Here is the home solar panel installation cost with and without subsidy.
3) Hedge Against Electricity Bill Inflation
The price per unit of electricity was around Rs. 3.5 in 2010 whereas it is presently around Rs. 8 per unit. Electricity cost per unit is further likely to rise in the forthcoming years. However, installing an on-grid solar system reduces grid dependence on electricity imports.
As a result, even when the cost per unit of electricity increases, you will have to pay the inflated price for a lesser number of units. Thus, on-grid solar panel installation acts as a hedge against utility inflation.
4) Environmental Benefits
Grid-tied solar systems are environment-friendly as these reduce greenhouse gas emissions. Further, solar systems help prevent climate change and global warming by reducing emissions.
In addition, they prevent the depletion of natural resources, mainly coal, and thereby conserve non-renewable energy resources for future generations. As a result, you can contribute to environmental sustainability by installing a grid-connected solar system on your home rooftop.
5) No Dependence on Solar Battery
An on-grid solar system is connected to the grid and hence does not require a solar battery like an off-grid solar system. The disadvantage of an off-grid is that if the battery runs out of solar power, it will fail to power your household appliances during non-solar hours.
On the other hand, a grid-tied solar system has a net meter monitoring the electricity exports and imports to and from the grid. As a result, you can eliminate the need to depend on a solar battery to power your household appliances.
As long as the grid is functional, you can export and import electricity generated by your solar panel. You can learn about the differences between on-grid and off-grid solar systems here.
6) Increased Property Resale Value
Installing a grid-tied solar system is similar to renovating a house. As a result, if you install an on-grid solar system the resale value of your property will increase significantly. You can ask for higher prices from buyers of your house by installing an on-grid solar system.
7) High Return on Investment
Installing an on-grid solar system can help you earn higher returns on investment. You can get the invested money back within 4-5 years of investing. Here is the calculation to show the return on investment. The return on investment is comparatively higher, around 15% to 20%.
8) Energy Independence
A grid-connected solar system helps homeowners export and import electricity to and from the grid through net energy metering connection. Thus, you can power your household with solar power-generated electricity with minimal dependence on the DISCOM or the electricity distribution company.
9) Low Maintenance Costs
Home rooftop solar systems have low maintenance costs. Even though you need to clean the solar panels at least once or twice a month, the overall maintenance for your home solar system is low. The cost of maintaining your home solar system ranges between Rs. 1000 and Rs. 3000 a year.
As a result, installing solar panels can be affordable not only from the installation cost perspective but also from the maintenance perspective. However, ensure you monitor the performance of your solar panels and the wired connectivity for uninterrupted power generation.
How to Ensure Proper On-Grid Solar System Installation
Proper on-grid solar system installation requires installing DCR or domestic content requirement solar modules listed in the Approved list of models and manufacturers or ALMM list. This ensures easy subsidy availability from the central government of India. Further, choosing the right installer is essential for proper home rooftop solar system installation.
You can contact Das Energie Private Limited to receive multiple charge-free quotations from different solar vendors near you. With the right guidance and options to choose the best solar equipment, you can maximise your investment returns in the forthcoming years. Further, the solar vendors follow MNRE or the MInistry of New and Renewable Energy regulations to ensure a seamless installation experience for you.
You can check whether the solar installer connects you with DISCOM-empanelled solar installers who provide DCR and ALMM-listed modules for easy subsidy availability.
An on-grid solar system can help you get subsidies of up to Rs. 78,000 from the Central Government of India. Further, you can reduce your monthly electricity bills and avoid electricity per unit cost inflation with a grid-tied solar system installed on your home rooftop.
Now that you know the benefits of on-grid solar systems, you can prioritise installing it over off-grid and hybrid solar systems for seamless subsidy availability. Further, you can maximise your return on investments with an on-grid solar system as they have a long lifespan.