Solar Modules, solar mounting structure and Inverters are the main components of a solar power system and the constitute 70-80% of the project cost.
A solar plant typically can meet 1-99% of your total energy requirement. However, this depends on the current energy consumption, capacity of solar plant installed, type of solar optimization technology used and the local Net metering policy.
When you install a solar plant on your roof or any space available, you save money on your electricity bills and protect yourself against rising electricity rates in the future. The savings you can achieve depends on the utility rates and solar policies in your area, but going solar is a smart investment regardless of where you live.
Solar energy systems reduce greenhouse gas emissions into the atmosphere since no fossil fuels are consumed while the solar plant generates electricity. The reduced green house gases improve the air quality and the slow down climate change.
Net metering is a policy used by electricity distribution companies to enable a mechanism of energy exchange between the owners and the company. Using the net metering connection, the consumer only pays for the electricity that he uses beyond what his solar panels can generate.
Studies have shown that homes with solar energy systems sell for more than homes without them. However, your property value will only increase if you own, rather than lease, your solar panel system. In most parts of the country, going solar will actually increase your property value more than a kitchen renovation.
The solar power generation from the system is dependent on the sunlight available. Under cloudy or shady conditions the generation would be lower and vice versa.
The solar system can be made both grid-tied and off-grid depending on the priority of requirement and the feasibility of such installation. For going off-grid, a battery storage system is required for the system which increases the cost proportionally. Majority of the homeowners who receive power from the grid at present don’t need an off-grid system and a grid-tied system provides a better Return of Investment
If the solar system is a grid-tied then the consumer would continue to receive the bill, but the bill value would be reduced based on the solar generation.
Regular grid-tied systems stop functioning whenever a blackout occurs, to avoid the line men to get electrocuted by the solar-generated electricity. However, a battery based off-grid system or a grid-tied hybrid system with battery backup will continue to operate under blackout.