Why is Home Solar Rooftop Installation not an Expense but an Investment?

Posted by amaya porwal on July 3rd, 2017

If you’re financially literate, you’d know that inflation reduces the value of your hard-earned money over time. That’s why people invest so that their wealth grows faster than price rise. Your invested money multiplying over time is a more visible form of your growing wealth but that’s not the only way you could have more cash in your bank account. Your daily expenditure that cuts a massive hole in your income is also something to be confronted. As far as your electricity expenses are concerned, you’ve got a simple solution for saving money - Home Solar Rooftop Installation.

Economics of Home Solar Rooftop Installation

With Home Solar Rooftop Installation, your household expenses in electricity bill can be reduced up to 50%. It does take an initial investment for purchasing the Domestic Rooftop Solar System but it can be recovered in about 5 to 7 years. And with Residential Solar, you can continue to incur savings for 25 years which is the lifetime of solar panels. A quarter of a century; that’s the time-period you’d save money on your power bill from Domestic Rooftop Solar. In our previous blog, we discussed the factors that decide the quantum of savings a household can make from Domestic Solar. That includes

•               Current DISCOM power rate
•               Your Annual power bill
•               Expected Energy inflation over next 2 to 3 decades
•               Subsidies, taxes and tax incentives over next 2 to 3 decades
•               Initial cost, maintenance cost, taxes and interest on loans if any and
•               Quality of solar power the roof of your house receives.

Zero maintenance cost and favourable government policies designed to promote Rooftop Solar makes purchasing Home Solar Rooftop Installation an attractive investment. Consult with experts or engineers who work in Solar Industry or contact a reputed Solar Panel Company like Ujaas Home to know the precise amount of savings you can make.

Air Conditioners, Dishwashers…all the amenities for higher living standards also comes with the burden of high electricity costs. Thereupon, households need to see investments not only in the terms of income but also expenditure. Cutting your expenses has the same effect of earning more money. And that’s why Residential Solar Rooftop Installation is not an expense but an investment and that too an attractive one.