Solar Energy Vs Electricity- Which is Cheaper in the Long Run?

Initial Investment vs Monthly Bills

Traditional Electricity

1. No initial setup cost-effective
2. You pay monhlty fees based on consumption
3. Rates increase over time due to fuel price hikes and infrastructure costs.

Solar Energy

1. Required a one time investment in solar panel, inverter and installation

2. After installation, your electricity bill drops significantly or becomes zero if you’re generating enough power.

Long Term Saving

1. A solar system can atleast 30 years with proper maintances

2. In 5–7 years, most homeowners recover the cost of installation through savings.

3. Over 30 years you can save 6 to 10 lakhs or more depending on usage

Protection from Rising Electricity Bills

1. Electricity rates in India rise by 4–6% every year. Solar users, on the other hand, are shielded from these hikes.

2. Once your solar system is installed, sunlight is free — and so is the energy you generate from it.

Government Subsidy

The Indian Government and Haryana State Government offer subsidies rs.78,000 for residential solar installations. This drastically reduces your upfront cost, making solar even more affordable.

1. Net metering allows you to sell excess power to the grid and earn credits.

2. Loans and EMI options are available to make solar even more budget-friendly.