Are Solar Power Systems Cost-efficient for Residential / Homebuyers

by Rajan Mehta Business Analyst

With the increasing consumption of electricity and humongous electricity bills, people are looking for alternative energy options for their homes. Solar energy, as we all know, is available in abundance and is certainly a great way to minimize electricity bills and reduce the carbon footprint. 

As a result of this, you may have noticed the surge in the number of solar panels installed in homes. This is because people are shifting to solar energy systems for their daily household energy requirements. 

The solar panels and systems providing market have also witnessed a significant boom in recent years as rooftop solar panels have arisen as a splendid way to harness the energy of the sun. You might get attracted to homes that already have solar panels and systems installed, but are you aware of the cost-effectiveness of solar panels? Are they really effective and worth it?

Individuals who are looking forward to going green and using renewable sources of energy have got the best option in the form of solar panels. In case your home is situated at a location where you receive ample sunlight, then installing a solar panel will be worth it. Evaska Energy is your one-stop destination if you are looking for a solar panel setup for home. 

In this article, we will be discussing the cost-effectiveness of utilizing solar systems for residential homeowners. 

Analyzing Cost-Efficiency of Solar Power Systems for Homes

For starters, you must calculate whether or not it makes financial sense to have a solar power system installed in your home. To calculate this, we have to follow some simple steps. 

  1. The total cost of a solar power system 

  2. The amount of energy it will be capable of producing

  3. How much you will end up paying for the exact same amount of energy consumed otherwise. 

  4. The total duration of time it will take to upfront the cost of investment you paid with the supposed cost of energy saved. 

  5. Whether the solar system carries enough potential to pay for itself in the span of five years. 

You will easily be able to calculate this cost and make a decision whether this system will be a suitable financial investment for you or not. In addition to this, let’s have a closer look at whether your home is suitable for solar panels or not. 

Even though solar panels are designed in such a way that they work in almost all climate conditions, in some cases, there might be chances that solar rooftop solutions may not be the best options for your home. The reason behind this may be excessive shade on your rooftop or the issues with the size, shape, and slope of your roof. 

Other factors that are critical while determining the cost-effectiveness of a rooftop solar PV system are:

  1. Local electricity charges - This is because they differ as per different regions, and the more the electricity charges, the more beneficial it will be to go solar. 

  2. Utility tariff for buying additional electricity generated at the house - If the utility around you purchases excess solar power generated at a much lower rate, it will take a longer duration for paybacks. 

  3. Availability of solar resources at the site - The amount of solar energy generated depends largely on the area you are residing. If your home receives less sun exposure, then it is highly likely that you won’t be able to generate enough benefit from your investment.

  4. The cost of PV panels installed - The duration of your payback will be dependent upon the total configuration and installation cost of the PV system.

Benefits of Installing Solar Power Systems from Evaska Energy

Evaska Energy will be providing you with the best and most customized solutions if you are looking for a solar panel setup for home Delhi. The firm is undoubtedly your first choice for solar as Evaska is committed to providing personalized solar solutions to all. 

There is certainly no denying the fact that solar is the best alternative energy solution that you can get your hands on easily. Evaska installs rooftop solar panels at your home so that the cells can convert sunlight into DC electricity. The module is connected to an inverter that facilitates this conversion which is further connected to the mains of your home to use solar energy. 

Types of Solar Power Plants Offered by Evaska

On-Grid Solar Plant

A solar power plant is connected to a grid that utilizes the electricity grid as a primary source, and there is no need for battery backup. It is considered the most cost-effective form of the solar power plant.

Hybrid Solar Plant

This solar power plant holds the potential to store excess electricity inside the batteries. These inverters are capable of providing power backup for somewhere between 8-10 hours. 

Off-Grid Solar Plant

Though they share some similarities with the Hybrid Solar Plant, they are installed in places where there is no grid support and are known as stand-alone systems with extra batteries for a longer backup time period. 


Evaska incorporates world-class technology and quality installations at the most affordable rates, which indicates that it is the perfect time to go solar. Reduce your overall electricity bills with state-of-the-art solar solutions and get your hands on the best solar panel system for

home with Evaska Energy. Go environmental-friendly and reduce your carbon footprint along with an opportunity of making high returns. 

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About Rajan Mehta Junior   Business Analyst

1 connections, 0 recommendations, 15 honor points.
Joined APSense since, May 24th, 2022, From Gurgaon, India.

Created on Jun 3rd 2022 07:11. Viewed 118 times.


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