This Indian state was created in the year 1947 and it has progressed a lot and has become one of the richest states in India. It is known as the land of 5 rivers, “five” (Panj) “waters” (ab). Punjab is gifted with a good amount of the solar radiations and hence offers an opportunity for the solar electricity to grow as an alternate source of energy.
The summer season is on in India and most of the parts are experiencing the beating of scorching heat. The fans, dessert coolers, and a/c are running continuously at their full capacity making the electricity bills to rise at least twice than in the normal months. Installing solar power system at your rooftop can be a good solution to meet your energy demand in summers that too without raising your electricity bills.
Do you know that the output of your solar power system is different in every month?
In some months you save more while in other months savings are less. Each month has different average temperature and different solar irradiance values, which makes your solar roof to give different outputs and hence resulting in different savings.
The summer season in India already has arrived and it is at its peak engulfing almost every part of the Northern region. One cannot imagine living without electricity; people are using air conditioners, desert coolers to combat the intensity of heat. The result is increased consumption of electricity and hence escalated electricity bills.
In the previous article, What is the Payback period and the Financial feasibility of the solar roof in India?, where we calculated the payback period and the Net Present Value (NPV) of the solar roof, I found that the cumulative annual growth rate (CAGR) from my investment in the solar roof is much better than my savings bank account return.
(1) Return from solar roof