With an on grid solar system, you can become an electricity producer and supplier, allowing your excess electricity to be generated into the electric grid. This is a new way to save money and increase the value of our home without relying on the electric grid; you are not losing the security of the grid. You’re also helping the climate by reducing your carbon footprint. It is best for homeowners, but the effectiveness of this system cannot be denied by commercial and industrial establishments. In India where we have very sunny days, this system is perfect.
Benefits of On Grid System
1. Guaranteed 24*7 Power Supply – With the option of using solar energy or the main power grid, the consumer will always have access to electricity and will never face a power shortage.
2. Opportunity to earn more – With the help of a net meter installed in your home, you can track the number of units sent to the power grid and claim credit for the same in your home electricity bill. It is an attractive option for consumers who see it as an additional opportunity to earn money. Net metering is mandatory in almost all states in the US and even India.
3. More Savings – The main objective of installing an on-grid solar system is to reduce your electricity bills. You can adjust the usage based on peak demand hours and hence without paying any peak demand charges. There is a higher rate of utility charges for using the grid during periods of high demand. Plus, you pay less on electricity bills and earn more through net metering.
4. Good investment return – An on-grid solar system provides a great investment option. It has a repayment period of 5 years and provides free electricity for the next two decades. You can turn your own property into an income-generating opportunity by investing in solar and reaping ROI in just 4-5 years.
5. Works efficiently – On-grid system works synchronously with the grid. A grid-tied system has no limitations; you can run any home appliance on a grid-tied solar system. Moreover, it uses 100% solar energy generated from solar panels. For example, a 1 kW on-grid system can run 5 kW of power.
6. Easy to install – On-grid system is easy to install and can be easily installed on the roof. It can be easily installed on residential roofs, roofs of commercial complexes, housing societies, community centers, government institutions, private institutions, etc.
7. Less Expensive – Since on-grid solar systems do not require batteries, they are cheaper than off-grid systems. It is less expensive than other solar systems.
8. Less maintenance – An on-grid solar system involves less maintenance and generally has a longer life than an off-grid system.9. Subsidies and other incentives – A user can avail of government subsidies and other incentives for installing on-grid solar systems.
