The popularity of solar panel systems is rising by the day and the same can be attributed to the several benefits that solar has to offer. The good thing is that even governments across the globe are extremely supportive of people going solar. The Indian government, for instance, is giving away handsome subsidies to homeowners and businesses wanting to go solar. That, however, is just the tip of the iceberg. Here are some benefits that will compel you to go solar in 2022. Let’s take a look.
- It’s a good time to avail government subsidies
The government of India has set a massive target of installing 100 GW of solar energy by the end of the year 2022. And so the government is offering various subsidies to homeowners and businesses to encourage them to install solar panel systems on their property. So if you have been planning to go solar, now is the best time as you can avail good discounts on your solar panel system. Note – The subsidies vary from state to state, so make sure you check with your solar panel system seller about the subsidies that are being offered in your state.
- The energy prices are rising at a very high rate
If you compare the current energy rates with the 10-year-old energy rates, you will realize that the energy prices have gone up substantially. Going solar is, therefore, a smart way to say goodbye to those hefty energy bills and reduce your dependence on your local grid. The best part is that you don’t just get to save on your energy bills but you can also sell surplus energy to DISCOM in case they have any such scheme.
- The sooner you start the higher the ROI
The savings you will make on your monthly energy bills will cover the cost of your solar panel system within the first 3 to 5 years, itself. Once you break even, the savings that you will make on your energy bills would be the returns you earn on your initial investment. So it is recommended that you start early because the sooner you start the more savings you will make and the higher the returns you will make on your investment.
- It will help you with property appreciation
The recent property sales trend suggests that properties that have solar panel systems installed on them have a greater demand in the market. Buyers are ready to spend more money on such properties because they don’t just allow savings on energy bills but they also save them the hassles of setting up a solar panel system from scratch.
Looking for the best solar company in India?
If you are planning to go solar, after reading this post, we suggest that you should go with one of the best solar products brands in India. One such company that you can consider is Luminous India. They are one of the most reputable names in the solar products space in India and have one of the widest ranges of solar products. Also, they are known for their excellent customer service and superior product quality. So what are you waiting for? Go visit Luminous India’s online portal and take the plunge right away!