At present, the entire world is going through a paradigm shift where the community and its citizens are doing their part towards building a sustainable future by switching to renewable energy. But for India, solar power production has largely been at the forefront of this path to clean and green choices. As a result, there has been a massive increase in the number of people installing solar panels for homes.
Additionally, India currently holds the 5th global position in solar power deployment and has steadily increased its power capacity between 2014-2019 from 2.6 GW to 30 GW. Moreover, the solar tariffs in India have achieved grid parity, which shows the country’s commitment towards reducing its dependence on fossil fuel-based energy sources and reducing its carbon emissions.
In regard to the USA, agents of the US customs started issuing WRO or withhold release orders to stop China-linked solar panels at the borders and this issue remains unresolved to date. Under the new ECO4, solar panel grants are available to households across the UK in 2023. Read the Warma UK guide to know how to qualify for a solar panel grant.
So, let’s look at what makes solar energy such a powerful and viable option for eliminating our dependence on fossil fuels in the not-so-distant future:
Environmental Benefits
Solar power is not only about monetary benefits, as the impact it has on the planet is far greater than most of us can imagine. By setting up a solar panel for home, you not only reduce your carbon footprint by generating your own energy but also contribute to the country’s energy security by diverting excess power back to the main grid.
Also, solar power is the most powerful source of energy that has been powering life itself, and it can keep powering life for generations to come. But that is only possible if we make the switch and commit towards a greener future by reducing our dependence on conventional power sources such as coal and petroleum.
Financial Benefits
We all love to save money, and a home solar system can help you save tons of it over the course of its life. Today, most solar panels for homes come with at least 25 years of service life, so the investment you make today will keep reaping your rewards for decades to come in the form of reduced energy bills—you do the math!
Energy Backup Security
The global coal shortage has already led to blackouts in many towns and cities, and it’s posing a serious threat to India’s energy security as well. But solar energy can help us become energy independent without getting affected by such unprecedented circumstances. Even better, you can decide to go completely off-grid and generate 100% of your energy requirements through solar energy alone, giving you much-needed peace of mind.
Tax Savings
Having a grid-tie solar system with a solar panel for the home will make you eligible to receive credits from the power company for contributing electricity to the public grid. The grid acts as an energy storage unit for generating and using energy for your home. The power company can then track your meter and credit you accordingly based on your usage. Plus, you will also be eligible for several government subsidies and rebates depending on which state you reside in.
So, solar energy, along with other renewable sources of energy, in the future. As the demand for more power grows, we need to bank on sources of power that satisfy that need while preventing damage to the planet. Plus, it’s not like we can move somewhere else as we only have one planet to call home. Therefore, we all need to make small contributions to preserve it for the generations to come, and you can do your bit by making the switch to solar today.
Luminous has a range of solar panels for the home that are available across a range of budget options. Whether you are looking for power backup or deciding to live completely off-grid by producing your energy, they have products that are the absolute best in value. In addition, you can expect longer service life, low-cost maintenance, superior build quality, and exceptional performance from their solar panel for home. So, if you are looking for a solar-based power system that’s worth its salt, then do explore their catalog of solar packages right away!
