Sunco Solar makes the Eco-friendly financial investment in solar energy rather than a burden on the costs and how the justification of expenditure and investment in such a use of the funds would benefit and ensure enhancement of savings for the future generation. In this blog, a detailed study of different costs related to solar energy including the large returns that are possible will be provided, a huge step forward in encouraging the use of solar energy for financial gain.
Understanding the Costs of Solar Energy
Initial Investment: An Estimate
These are the upfront costs of installing solar panels in a typical residential setup in Kerala which may vary anywhere between ₹80,000 to ₹1,50,000.
The following are also considered:
Solar Panels: The main heart of the solar system which enables conversion of sunlight into electricity.
Inverters: Devices that facilitate the transition of electricity from the solar panels-installed systems, which are in the form of Direct Current – DC into the Alternating Current – AC used in household applications.
Installation Costs: Both the manpower and the materials used in the construction of the entire system.
Government Incentives and Financial Assistance
To encourage the installation of solar systems within the country, the government of India provides several incentives and subsidies for solar installations. The residents of Kerala state can enjoy these financial supports so the overall initial capital outlay decreases to a great extent
Potential Off-grid Solar Energy Savings
Monthly Electricity Bill Savings.
When the solar system is installed and is being used, it should be possible to achieve savings of between rupees one thousand five hundred and three thousand per month on current expenses for electrical energy, depending on how much is consumed. In Kerala where the average cost of electricity is approximately seven rupees per unit, using solar energy can be of great help and will tend to reduce the monthly expenditure.
Long-Term Cost Savings
For an average household, slashing their electric bill to half due to solar installation will save ₹12,000 to ₹36,000 in a year. That is, over a long period, operating expenses amount to more than €900,000 thanks to the solar panels in use!
Sunco's Efficient Installation Practice
The Installation Process
Sunco Solar Installation is how Tim and his Crew make it easier for their clients to switch to the use of the Renewable sources of energy. Follow the steps below to successfully complete your project:
Free Consultation: Ask us to ascertain how much energy you consume.
Customized Solutions: We enhance your solar panel configuration in line with the features of your house.
Installation: From application to actually fixing the panels, we take charge of everything.
Support: Maintenance and monitoring services are provided on a contracted basis.
Financial Support
We have that covered as well. Sunco Solar offers different solar energy financing options that you would be stunned to know. You’ll have a saving with little or no money down with the different loan products we offer.
Solar-powered energy is a wise financial move as it will save you money and is also a beneficial micro step in planet conservation. Sunco Solar is happy to help you throughout the process and achieve huge changes in your bills at the end. Feeling ready for the next stage? Talk to an expert right now and get a free assessment.