With rising electricity costs and increasing awareness about environmental sustainability, many homeowners and businesses are turning to solar power systems to reduce their electricity bills. Harnessing the energy from the sun not only allows you to lower your utility expenses but also contributes to a cleaner and greener environment. Let’s explore how you can maximize your savings by adopting solar energy.

About Solar Energy

Solar energy is a renewable and abundant source of power derived from the sun’s rays. By using solar panels, the sun’s energy can be converted into electricity to power homes, offices, and industries. Solar technology has seen rapid advancements, making it more efficient, affordable, and accessible than ever before. The energy generated by solar systems is clean, reducing dependence on fossil fuels and minimizing carbon emissions.

Benefits of Solar Energy

1. Reduced Electricity Bills: Solar panels generate electricity, which can significantly reduce your reliance on grid power, leading to lower utility bills.

2. Renewable and Sustainable: Solar power is an infinite resource, unlike traditional fossil fuels, making it a sustainable solution for long-term energy needs.

3. Low Maintenance Costs: Once installed, solar panels require minimal maintenance and can last for 25-30 years, ensuring consistent performance.

4. Environmental Impact: By switching to solar energy, you reduce your carbon footprint, helping combat climate change and air pollution.

Reduce Electricity Bills by Using Solar Power Systems

Installing a solar power system is a proven way to lower your monthly electricity expenses. Here’s how:

Generating Your Own Power: Solar panels convert sunlight into electricity, reducing the amount of power you need to purchase from the grid. During sunny days, your solar system may even generate excess power, which can be fed back into the grid for credits (net metering), further lowering your bill.

Offsetting Peak Tariffs: Many utility companies charge higher rates during peak hours. With a solar power system, you can use the energy generated by your panels during these times, avoiding high peak rates.

Energy Independence: Solar power systems can help you become less dependent on grid electricity, particularly during outages or power shortages.

Subsidies and Tax Exemption from the Government

The government offers several incentives to encourage the adoption of solar energy:

Subsidies for Residential Installations: In many states, homeowners can receive subsidies of up to 40% on the installation of solar panels, making them more affordable.

Tax Benefits: You can claim tax deductions under the Income Tax Act for the investment made in solar power systems, reducing your taxable income.

Net Metering: This policy allows you to sell excess electricity generated by your solar system back to the grid, earning credits that further reduce your utility bill.

Maximizing Your Savings with Solar Panels

To get the most out of your solar power system, consider the following tips:

1. Optimize Panel Placement: Ensure your solar panels are installed in a location with maximum sunlight exposure, typically on a south-facing roof without shade.

2. Use Energy-Efficient Appliances: Combine solar power with energy-efficient appliances to further lower your electricity consumption.

3. Monitor Your System’s Performance: Regularly check your solar system’s output and maintain the panels to ensure optimal performance.

Calculating Your Savings

The amount you save with a solar power system depends on several factors:

i) Electricity Rates: The higher your local electricity rates, the greater your potential savings.

ii) System Size: A larger solar system will generate more electricity, leading to higher savings.

iii) Local Climate: Areas with more sunshine will naturally generate more solar power, increasing your savings.

iv) Incentives and Rebates: Government subsidies, tax benefits, and net metering policies can significantly increase your savings.

To calculate your potential savings, you can use the Servotech solar calculator that estimates the amount of power your system will generate and compare it with your current electricity usage and rates.

Conclusion

Switching to a solar power system is a smart investment that pays off in the long run. By reducing your electricity bills, benefiting from government incentives, and minimizing your environmental impact, you can enjoy the advantages of clean, renewable energy for years to come. Take the first step towards a sustainable future by exploring the possibilities of solar energy and securing your financial and environmental savings.

The solar energy sector has huge potential to keep the industrial wheels running and power homes with free electricity. We however still need to develop the required infrastructure to provide the best quality solar panels and other products in the required quantity in the market. We have carefully prepared a list of the top 10 Solar panel manufacturers in India that are providing the best quality solar panels. 

List of Top 10 Solar Panel Manufacturers in India 2023

Here you will get the list of top 10 solar panel manufacturers in India 2023 as big names in the solar energy sector. They are continuously offering the best quality solar panels to actively contribute to a clean environment and free energy solutions. Have a look

1. Tata Power Solar

Tata Solar is serving in the industry for over 3 decades. It provides solar panels to generate clean energy for residences, commercial & industrial and institutions. Tata Power Solar module manufacturing lines have an in-house production capacity of 635MW for modules and 500MW of cell manufacturing lines with a capacity of 528MW. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC, and O&M solutions for various business segments like utility-scale projects, solar rooftops, and solar pump systems. 

2. Adani Solar

Adani Solar was incorporated in 2016. This solar panel manufacturer in India has a 4 GW manufacturing capacity. The company offers mono facial & bifacial modules (in PERC Technology) which help to tap solar energy. Currently, Adani Solar is creating an ecosystem for 10 GW Solar PV Manufacturing in India.  

3. Servotech Renewable Power System Ltd.

Servotech is an award-winning solar panel company in India that significantly contributes to clean energy generation with meticulously engineered solar panels. This frontline solar products manufacturer in India boasts a wide experience of over 18 years and maintains an extensive range of highly beneficial solar energy products like Solar Inverters, Solar Batteries, Solar Panels, etc. Servotech offers a complete range of solar solutions including Solar EPC Services. 

Servotech Renewable Power System Ltd. has a wide profile of projects and successfully delivered various solar power projects to many state governments, state nodal agencies, fuel retailers, oil refineries, etc. Servotech Power Systems Limited also manufactured India’s first portable solar rooftop system PV Ports which was installed at various famous and unique public places in India.

Servotech has also developed a solar performance monitoring & controlling device ComPort in association with GIZ. The Servotech R&D team has also developed a Solar-powered Carport. Besides, Servotech maintains a pan India presence with over 1000 dealers and continuously increases its channel partner distribution network. 

4. Waaree Energies Ltd

Waaree Energies Ltd. was founded in 1989. Since its beginning, it has covered a long journey of more than 3 decades and now comprehends a manufacturing capacity of over 12GW. Waaree Energies is the largest solar panel manufacturer in India and maintains a noticeable position in the solar energy sector while having a presence in over 380 locations in India & 20 foreign nations. 

Read more: Can Your House Run on a 5kW Solar System?

5. Vikram Solar

Vikram Solar was founded in 2006. A presence in the solar energy sector of more than 32 countries, experience in the installation of 1.42 GW projects in India, and annual manufacturing capacity of 3.5 GW modules make Vikram Solar a competent brand in the solar energy industry. This solar panel manufacturer is ambitiously working to meet India’s green energy goal of 500 GW by 2030. So far, Vikram Solar has commissioned more than 300 projects at multiple locations. 

6. Goldi Solar

Gujarat-based Goldi Solar was started in 2011. It offers solar energy products in the domestic market as well as in 20 other countries. Goldi Solar has achieved a record growth from 10 MW to 500 MW manufacturing capacity in a span of just 10 years. Goldi Solar has annual manufacturing capabilities of 2.5 GW and currently planning to add another 2000 MW by the end of 2023. 

7. Saatvik Green Energy Pvt. Ltd.

Saatvik Green Energy Pvt. Ltd. started its journey in the solar sector in 2015 from Haryana. It actively contributes to the solar energy sector with an annual production capacity of 1 GW. This solar panel manufacturer has its manufacturing plant in Ambala (Haryana) and soon going to set up another one with a capacity of 1.2 GW at Gandhidham, Gujarat.  

8. Renewsys India

Since beginning in 2011, Renewsys India has covered a long journey of 12 years and moving ahead with a total installed module manufacturing capacity of 2.75 GW. It offers a long range of solar products including Solar panels, PV Cells, PV Encapsulants – EVA & POE, and PV back sheets. RenewSys supplies solar products to over 40 countries. This solar panel manufacturer has three manufacturing plants in Bengaluru, Hyderabad, and Patalganga. 

9. Loom Solar Pvt. Ltd

Loom Solar entered the solar panel manufacturing industry of India in 2018 from Faridabad, Haryana. Currently, it offers solar panels to generate clean energy as well as maintains a channel sales network with over 3500 resellers in over 500 districts of Indian states. The annual manufacturing capacity of Loom Solar stands at 100 MW.   

10. Patanjali

With an existing capacity of 72 MW Patanjali is another solar panel manufacturer in the solar energy sector of India. Currently, Patanjali is ambitiously trying to increase operational capacity up to 500 MW by the end of 2023.  

Conclusion

Easy availability of solar products in the market can appropriately solve the problems of shortage of power supply and keep the environment clean against highly polluting electricity-generating procedures. The solar industry also needs to create a viable framework to benefit more and more people.

Read more: How Much Savings You Can Make with a Solar System  

Monocrystalline solar panels, polycrystalline solar panels, and thin film solar panels make up the majority of solar panels on the market today for residential solar energy systems.

The type of solar panel is determined by the solar cells that make it up. Because each type of solar cell has its own set of properties, certain panels are better suited for specific scenarios. To help you decide which types of solar panels are best for your home, we’ve put up a comprehensive overview of monocrystalline, polycrystalline, and thin film solar panels.

The most important takeaways:

• Solar panels are divided into three categories: monocrystalline, polycrystalline, and thin film.
• Monocrystalline solar panels are more efficient and have a sleeker shape than other solar panels, but they are more expensive.
• Polycrystalline solar panels are less substantially low cost than monocrystalline panels, however,, they are less efficient and less attractive.
• The cheapest solar panels are thin film solar panels however they have the lowest efficiency rating and require a lot of space to meet your energy needs.
• It is significantly more vital to choose a brand of solar panels and a solar installer than it is to install a specific type of solar panel.

Types of Solar Panels

Here you will find the types of solar panels that are best for your home and which one you should buy as per your requirements.

1. Monocrystalline Panels

The most common solar panels utilized in rooftop solar panel installations nowadays are monocrystalline solar panels. The process of monocrystalline silicon solar cells involves placing a silicon “seed” crystal into a molten vat of pure silicon at a high temperature. This technique produces a single silicon crystal, known as an ingot, which is then sliced into thin silicon wafers and utilized in solar modules.

Monocrystalline solar panels are available in a variety of shapes and sizes these days. PERC cells, or Passivated Emitter and Rear Contact cells, are a monocrystalline alternative that is becoming increasingly popular. PERC cells undergo a unique manufacturing and assembling process that boosts the amount of electricity they can generate.

Monocrystalline solar panels are available in a variety of shapes and sizes these days. PERC cells, or Passivated Emitter and Rear Contact cells, are a monocrystalline alternative that is becoming increasingly popular. PERC cells go through a special manufacturing and assembly process that increases the amount of energy they can produce.

Monocrystalline solar panels have efficiency ratings ranging from 17 to 22 percent, making them the most efficient solar panel type. Monocrystalline panels’ greater efficiency rating makes them perfect for homes with limited roof space, as you’ll need fewer panels to generate the same amount of electricity.

2. Polycrystalline Panels

Polycrystalline panels, also known as multi-crystalline panels, are a popular choice among low-cost solar panel installers. Polycrystalline panels are made of silicon solar cells, just like monocrystalline panels. However, the cooling process is different, resulting in the formation of numerous crystals rather than just one.

The efficiency ratings of polycrystalline panels will normally vary from 15% to 17%. Because of the way electrons pass through the solar cell, the efficiency rates are lower. Because polycrystalline cells comprise several silicon cells, electrons cannot flow as freely as they may in monocrystalline cells, lowering the panel’s efficiency.

Polycrystalline panels have a lower power output than monocrystalline panels due to their lower efficiency, which typically ranges between 240 and 300 watts.

3. Thin Film Panels

Because of their lower efficiency ratings, thin film solar cells are typically used in large-scale utility and industrial solar installations. A thin layer of a photovoltaic substance is deposited onto a solid surface, such as glass, to create thin film solar panels. Amorphous silicon (a-Si), copper indium gallium selenide (CIGS), and cadmium telluride are examples of photovoltaic materials (CdTe). Although each of these materials generates a distinct “kind” of solar panel, they all fall under the thin film solar cell umbrella. The photovoltaic material is transformed into a thin, lightweight sheet that can be flexible in some instances throughout the production process.

Thin film panels, despite having lower performance requirements in most other categories, have the best temperature coefficient, which indicates that when the temperature of a solar panel rises, the panel produces less electricity. The temperature coefficient indicates how much the panel’s power output will decrease for every 1°C from 25°C.

Price Comparisons

Because of its production method and higher performance capabilities, monocrystalline panels are the most expensive of the three varieties of solar panels.

Polycrystalline panels have always been the most cost-effective alternative for households that want to go solar without sacrificing panel performance. Between 2012 and 2016, low pricing allowed polycrystalline panels to capture a considerable portion of the home solar industry. Thin film solar panels are the most affordable of the solar panel varieties, owing to their ease of installation and minimal equipment requirements. They do, however, have far lower performance capabilities and require a significant amount of land to create enough electricity to power a home.

What Sort of Solar Panel is Best for Your Home?

For home solar installations, monocrystalline solar panels are the best option.

Even though you’ll pay a little more, you’ll get a system with a more modest appearance without sacrificing performance or longevity. Furthermore, monocrystalline panels’ high efficiency and power output ratings might save you money throughout the course of your system’s lifespan.

Also, Polycrystalline panels may make more sense if you’re on a restricted budget. We don’t recommend thin film solar panels for home installations since their performance and durability aren’t worth the low cost, and you’re unlikely to have nearly enough room to install the number of thin film panels required to cover your household electricity consumption.

Conclusion

When going solar, the installation is perhaps the most crucial factor to consider. You’ll have a solar panel system on your roof for at least 25 years, so you’ll need someone you can trust for that long! We recommend local, reliable solar providers with excellent customer reviews since they provide the most personalized solar project service.

Read Also: List of Solar Panel Manufacturers in India