Solar energy is one of the most promising technology of today’s time. It is a premier way, we can overcome power shortages on a global level. It provides energy in a sustainable way without deteriorating the environment. In addition, it acts as an incredibly good and risk free investment option as shown in one of our articles. To read, how solar acts as an investment plan and how much return you can receive on your investment, click here. To push solar energy, almost all governments throughout the the world provide benefits like incentives, subsidies and tax benefits. Solar is still not performing to its true potential as it has become a victim of certain myths. In this post, we will try to dispel all common myths about solar.
India receives about 300 sunshine days in a year. This is sufficient enough to make India an energy surplus country, if we use solar energy to its true potential. We can save Crores of Rupees (INR) and earn revenue with returns almost as good as any other investment plan over the entire life of a solar plant. But, the lack of solar understanding at an individual level is probably the single biggest hindrance in the proliferation of solar energy in India. This is especially true for domestic sector.
Solar energy needs to be viewed as a risk-free investment with promising returns while generating electricity in a sustainable manner with minimal maintenance, making our economy, energy surplus.
Here is our take on some of the myths about solar energy. Let’s bust those myths.
“Solar is not for me”
Solar is for everyone irrespective of where you live or whether you receive 24-hour power supply or no electricity at all. Various options are available for all kinds of customers.
As I have already mentioned, solar should be looked upon as an investment plan with promising rate of return. The returns on investment you receive from solar plant installation are so good that they may even put many conventional investment schemes to shame. Just like any other investment plan, these returns can well be calculated and predicted over the entire life of solar plant. To know more about solar as an investment and calculation on rate of returns, click here.
Similar to other investment plans, the more the investment, the bigger will be the solar plant and hence, better returns. We must understand that, we always pay for electricity which has become a very essential commodity to survive. Why not make electricity to pay us while we use it.
Solar can both provide you electricity and an investment plan with great returns and minimal maintenance while sustaining the environment.
“Solar is too expensive”
Solar is not expensive at all.
Solar prices have reduced drastically over the last few years making it affordable and inevitable. In addition, there are various government incentives, subsidies and tax benefits for different category of customers, making it even more affordable. Now, you can start investing in solar with as low as a few thousand rupees.
For such high risk-free returns, that you’ll receive upon installing a solar plant, this investment will be absolutely justified. Similar to other investment plans, the more the investment, the bigger will be the solar plant and hence, better returns.
Solar energy also compares very well against traditionally known alternate power sources such as diesel generators with an advantage of up to 50% when investment and running costs are taken into consideration.
“Installing Solar is too complex and a tedious process”
This is not true at all. Installing a solar plant is very simple and doesn’t take more than few days depending on the capacity of solar installation. It’s a mere 3-step process, first is the site survey, then taking approvals from DISCOMs etc. and then final installation. This whole takes only a few days.
“Solar Plant will block my entire roof”
This is again not true at all. Solar plant can be designed according to the roof type and your requirements to provide open / free space on the roof wherever required.
So, these were some of the common myths about solar energy or questions people face while deciding whether to go for solar plant installation or not. We have tried to bust all of them as all these myths are away from truth.