Install Solar Panels and Make Money

People are in a bad condition due to power cuts in villages, towns, and cities. In such a situation, setting up solar panels is a better option to get permanent relief from power cuts.

Installing solar panels on the roof of the house or at a permanent location will not only provide relief from power cuts, but it can also become a source of income for you.

Solar panels also save you from expensive electricity bills. People often shy away from installing solar panels because of the cost involved.

The good news is that the government is providing a substantial subsidy for the installation of solar panels.

You can install tubewell solar plants for farming at government expense. According to the power consumption, you should buy solar panels and their accompanying inverter.

There are numerous options for solar panels and inverters based on power consumption.

Government subsidies are also different for all these. Let us know in detail about all types of solar panel inverters and the subsidies available for them.

Select Solar

Only when you have a thorough understanding of your home’s electricity consumption will you be able to make the best choice for a solar panel installation.

Suppose you want to run two 1.5-tonne inverter ACs in your home along with lights, coolers, and fans.

Then you need a solar panel set that can generate at least 20 units of electricity.

In this condition, installing a 4-kilowatt solar panel setup would be a better option for you. If the full amount of electricity is not consumed, you can also sell it to the government.

Panel Set-up Essentials

Solar Inverter

Your complete solar panel system generates electricity through a solar inverter.

If you want to save on the electricity cost of the house as well as earn some money, then you should buy a 5 kW solar inverter from the market.

The price of a 5 kW solar inverter is a bit expensive. If you do not have a budget, then you should buy a solar inverter with BWM technology.

Battery

For solar, the entire cost of the solar set-up depends on the battery itself. If someone wants to install a solar setup with four batteries, then the inverter will be cheaper.

If this number is 8, then the inverter will be expensive. The battery costs around Rs 15,000 in India.

Solar Panel

There are three types of solar panels available on the market: polycrystalline, monocrystalline, and bifacial.

If there is a shortage of budget and more space, then polycrystalline solar panels should be used, and if the space is less, then solar panels should be used.

How to Get a Subsidy

Details of all the procedures and requirements related to subsidies have been given on the official website of the government at mnre.gov.in.

Solar installation companies also give you all the information related to subsidies and also help with them. Installing solar panels is a great decision.