Many homeowners are interested in installing solar systems for their homes to reduce their electricity bills and their carbon footprint. But how much can you save with solar? And is it worth the upfront cost?
The answer depends on several factors, such as the size and efficiency of your solar system, the amount of sunlight you receive, the electricity rates in your area, and the incentives and rebates available to you.
In general, solar systems for the home can significantly lower your electricity bill, especially if you choose an on-grid solar system that allows you to sell excess power back to the grid. On-grid solar systems are connected to the public utility grid and use a net metering system that tracks how much electricity you generate and consume. When your solar system produces more power than you need, you can export it to the grid and receive credits that offset your future bills. When your solar system produces less power than you need, you can draw electricity from the grid and pay only for the net difference.
one of the leading solar companies in India, an average household can save up to 90% on their electricity bill by installing a 5 kW on-grid solar system. The report also estimates that the payback period for such a system is around 4 years, which means that you can recover your initial investment in less than half of the system’s lifespan.
Consulting with our professional solar installer or a Solar energy expert can help determine the most appropriate solution for an individual's needs and provide accurate cost estimates. Loom Solar offers high-quality products, professional installation, and excellent customer service. Loom Solar also provides financing options and warranty coverage for your peace of mind. With Loom Solar, you can enjoy the benefits of clean, green, and affordable energy for years to come.