On Grid Solar System to Create your own Electricity
We already started to save electricity by using renewable resources. It’s time to earn from electricity generated by these resources. Nowadays solar net metering concept growing rapidly all over the world . In this we use On Grid Solar System to generate electricity using solar. It is an great opportunity to invest into renewable energy for our sustainable future and reduce our electricity bill.
What is On Grid Solar System?
Like Off grid solar system, On Grid Solar System do not stores generated electricity in batteries. Instead of storing electricity its is directly used to powering the lights, appliances and electronic devices in your home. On grid system generates electricity whenever sun shines and whenever system don’t produce electricity at that time it is directly supplied from utility grid.
Why On Grid Solar System?
Earlier battery bank was required to store the power and use the electricity as and when required. But due to battery, system cost increases and maintenance cost is recurring & high. Life of battery is not more than 5 years which means after every 5 years invest into new battery bank, which hampers the ROI. Optimum usage of system is not possible.
What is Solar Net Metering?
In Off Grid Solar System we store produced electricity in storage battery. Major drawback of off grid solar system is that we can’t store excess amount of electricity. Solar net metering is nothing but the upgraded version of off grid solar system. Government of Maharashtra has declared a new policy in solar that is “Solar Net Metering”. Which simply means that we install Solar Power Pack system on our terrace, generate our own electricity & feed into state electricity board and reduce our electricity bill by the number of units we export.
How Solar Net Metering Works?
Solar net metering uses on grid solar system which consist of Solar Panels, Charge Controllers, Inverter , Junction Boxes, LT & HT Panels, Cables & Accessories, Structure Fittings & Accessories. Whenever system generates electricity more than required use, then the excess amount of electricity then delivered to the utility grid. The delivered electricity is then credited to you at the same retail price that you pay for the electricity you take from the utility grid.
Benefits Of On Grid Solar System:
· Less expensive as battery not required
· Any amount of load can be operated
· Minimum loss of electricity due to high efficiency Grid-Tie Inverters
· Reduces cost of operations and maintenance of generator set
· Stable and adequate supply of electricity
· Optimal use of all available energy resources
· Reduces reliance on fossil fuels
· Cleaner and healthier energy
· Uninterrupted power supply
Tax Benefit On Solar Net Metering System :
As an icing on the cake, government has declared a 80% accelerated depreciation on Solar Net Metering System. Which means it will save our Income Tax by approx 25% of investment. But the benefit is only for limited period, therefore need to act as a go getters, foresee the benefit and take advantage of the opportunity.
Solar and Wind are continuously, abundantly and freely available source of energy which is generated over and over again. Hence these have became very popular among the Indians. Renewgreen Energy Private Limited company has been established with mission of connecting and reaching the common people with the importance of Solar and Wind Energy.