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Showing posts from August, 2024

My Solar Power Journey: Insights and ROI Calculation

I recently had a detailed conversation with the team from one of the solar vendor regarding solar power installation for my home, and I wanted to share the insights I gained. Key Questions I Asked and Their Responses: 1. ROI (Return on Investment) This was my top concern since Bangalore has around three months with minimal sunlight. I asked how feasible it would be to recover my investment in a reasonable period. Their response: They assured me that even with reduced sunlight during certain months, a 1 kW system would generate a minimum of 4 units per day on average. My calculation: On average, my electricity bill comes to around ₹2,500 to ₹3,000 per month. Units consumed: ₹2,750 (average bill) / ₹7.50 (rate per unit) = ~367 units per month Solar generation and excess units: Assuming 1 kW generates an average of 6 units per day (since we occasionally go on holidays), a 3 kW system would generate: 3 kW * 6 units/day * 30 days = 540 units per month Excess solar power earnings: Of these, ...