Does Solar Save Me Money?

By Author: Prashant Pathak
Total Articles: 23
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We often hear slogans like, Go solar, save money, but does solar save money? If yes, how?

It’s true that the solar power industry is booming, and you see solar panels everywhere these days. From industries to institutes, and from shops to homes you see how solar is gaining more preference over grid power. Are you someone who is curious about solar panels & solar systems? Are you someone who wants to know whether solar saves money & how solar saves money? If yes, then continue reading this blog.

Yes, Solar Saves Money!

Not just a little bit, but a lot of it. We will discuss how solar can save your money and how to earn from selling solar electricity. But first, we need to know how solar works.

Working of a Solar System

A solar system consists of 2 things. They are solar panels and solar inverter/ solar PCU. If the solar system is hybrid or off-grid it will have a battery connected to it as well.

Solar panels are basically photovoltaic panels, that generate electricity when the sunlight hits the solar panels. This electricity generated is in the form of DC now an inverter converts ...
... it into AC and this AC current runs the electrical appliances. If a battery is connected to this system, one can also store the electricity generated for backup.

Now, let's talk about the different types of solar systems, this will give a better understanding of how you can save money with solar.

Types of Solar Systems

Depending on your need you can choose the best solar inverter for you. There are three types of solar inverters.

On-grid Solar Inverter - Saves the solar electricity from getting wasted, On-grid inverter run the electrical appliances from the solar electricity generated, and the extra electricity generated can be sent and sold to the national grid.

Off-grid Solar Inverter – UTL Off-grid solar inverter makes you completely independent, this has a battery backup as well, the solar electricity generated during the daytime is used to run the electrical load and the battery is charged for backup during the night hours. It can save the cost of your electricity bills and can zero your electricity bill also.

Hybrid Solar Inverter - Smart inverters that charge the batteries from the sun’s energy during the daytime and from the national grid during the night hours. It gives priority to solar and gives an uninterrupted power supply. Hybrid solar inverter are a combination of on-grid and off-grid solar inverters. The electrical appliances are run from solar electricity & battery is also charged for night backup. The extra electricity that is not being used for running appliances or to charge batteries can be sold to the grid.

UTL SOLAR is a company that sells the best solar inverters with the patent-applied rMPPT solar technology that saves 30% extra solar energy within the same investment. Solar inverters use the sun's energy to run the electrical appliances at home, charge batteries for backup and save electricity from the grid.

Solar is an investment. Once the ROI is fully recovered you save for the rest of its lifespan.

How You Are Saving from Solar?

Making an investment in solar panels & solar systems is such that once you have paid for its initial investment cost, the electricity that it is going to generate for the remaining of the system's lifespan, which can be even more than 22-25 years depending on the quality of the solar panel & the solar system, is going to be free of cost!

UTL r-MPPT Alfa+ 5kW Solar Inverter PCU - Now 30% More Efficient

You save a lot of money on your electricity bill. You can actually zero your electricity bill and run AC/ Coolers/ Fridge/ Geyser free of cost.

You earn by selling the solar electricity generated to the grid.

To zero your electricity bill & save money invest in solar today. The amount that you pay for your electricity bill could be your EMI. Think & decide.