BusinessHow To Save Electricity Bills Becomes A Priority For Homeowners?

How To Save Electricity Bills Becomes A Priority For Homeowners?

As the heat increases, our rising electricity bill also increases our tension, in such a situation, reducing the electricity bill has become a challenging these days. But do you know that you can reduce this rising electricity bill and enjoy the summers season with AC, coolers, fans, and many appliances of home without the tension of rising bills. There are many ways to reduce your monthly bills and save that money for extra needs. An average middle-class family have so many expenses with limited income that’s why they are trying to save money with different ways.

Average Family Expense Monthly Chart

Expense Rs.
Rent 10,000 to 15,000
Electricity Bill – up to 80% 2,400 to 3,000
EMIs 15,000
Basic Expense 20,000
Saving 20,000
Cash Flow 10,000
Education 10,000
Health 5,000 to 7,000
Travelling 10,000 to 20,000

Now, reducing electricity bills becomes a priority for homeowners due to the rising cost. It helps save money for essential needs, savings and many more things because one cannot eliminate essentials expenses like education or EMI that’s why here is only one option which they can save money that is their electricity bills. But here is a one question came “How to save electricity bills?” So, in this article you will get to know all about this.

How to reduce electricity bill?

Anyone can save up to 80% electricity bill using solar panel installation on his idle rooftop area. But, how? Here is a golden formula to implement this process that is AMG – Avoid, Minimize & Generate. Now, you are thinking about What is AMG? AMG has 3 letters i.e. A stand for Avoid, M stands for Minimize and G stands for Generate. Let’s know in detail below:

Step 1: Avoid: In this step, you should avoid uses on unnecessary electrical and electronics appliances such as Fans, Lights, Exhaust Fan, Gas Chimney, Washing Machine, Cooler, TV, AC, Bathroom lights, Balcony Lights, etc.

Step 2: Minimize: In this step, you should minimize as much possible, but how? There are multiple ways to do this. First, you will be planning to buy new electronics appliances, always keep in mind less power consumption that’s called energy efficiency gadgets or power saving appliances. After that, you should change one-by-one old appliances with latest technology products.

Step 3: Generate: After implementing above steps, now you can generate your own electricity using renewable energy such as solar power, wind power, hydro power, and biogas. But you should think about from which source is suitable and cost effective. At present day, a solar power is an efficiency way to generate electricity every day in India.

There are many basic questions of generating electricity using solar power, such as:

How much does the cost of solar system installation?

The cost of installing a solar system depends on many factors like solar system size, type, location, and components. On average, a residential system can range from ₹60,000 to ₹80,000 per kilowatt (kW), while larger commercial systems might range from ₹60,000 to ₹1,00,000 per kW.

Which Solar System is best according to need?

There are two types of solar system in which one can choose according to their need:

On Grid Solar System: If you want to reduce your monthly electricity bills then on grid solar system is best choice for homes, with that you can also sell extra generated electricity back to DISCOM and earn some money with this solar system. This type of solar system is optimal choice reducing your monthly bills.

Off Gird Solar System: If you are living in remote areas like village where power cut is happening around 8 to 10 hours a day then this kind of solar system is best for you because this solar system is design for give power backup during night or emergency time like power cut. It is using solar panels to generate electricity and batteries to store excess energy for nighttime or cloudy periods.

How to Choose Best Solar Panel?

Selecting the best solar panel involves several key considerations:

Step 1: Technology

There are several types of solar panels available, here are the main types:

  1. Polycrystalline Solar Panels: These panels are made from multiple crystal structures and are cost-effective to produce. They are slightly less efficient than monocrystalline panels but offer good value for their price.
  2. Monocrystalline Solar Panels: These panels are made from a single crystal structure, usually silicon. They are known for their high efficiency and space-efficient design. Monocrystalline panels also exhibit better performance in low-light conditions.
  3. Bifacial Solar Panel: A bifacial solar panel is designed to capture sunlight from both the front and back sides of the panel. This design allows bifacial solar panels to generate electricity from both the sides and generate more electricity in limited space, time, and cost. These solar panels have 22% more efficient then the regular panels. It can also be capable to work in cloudy weather and bad weather conditions.

According, to the solar Expert “Bifacial Solar Panel” is the best choice for homes and commercial installation’s as they excellent in performance in limited spaces.

Step 2: Efficiency

Look for panels that have a higher efficiency rating as this means they can convert more sunlight into electricity. Higher efficiency panels will generate more power in limited space and making them ideal for home or commercial purpose.

Step 3: Durability and Warranty

Solar panels are designed to withstand various weather conditions, so it is essential to choose panels that are built too strong and durable. Look for manufacturers who offer warranties on their products, and protection against any kind of damage or performance issues.

Solar Panel Cost Per Watt in India

The Price of solar panels varies based on factors like panel type, efficiency, manufacturer, and installation. On average, solar panels can range from Rs. 20,000 to Rs. 40,000 per kilowatt (kW) installed. However, please keep in mind that prices can change over time, and it’s essential to get quotes from local solar installers.

How to install Solar System on Easy EMIs/Loan?
To buy solar panels or solar system on EMI in India, Loom Solar are offering EMI plans. Select a suitable plan based on your budget, apply with necessary documents, and get approved.

Is there any subsidy for installing Solar System?

Yes, the central government offers subsidies to promote solar system installation and states also offered but it is varied by states. Many schemes are also running by the govt. to provide financial support to home and businesses for installing solar systems.

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