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Earn Lakhs By Installing Solar Panels at Home

M Kanika
M Kanika
Solar Panel
Solar Panel

If you wish to have more profit in little investment, then you must install Solar Panels. You don’t need a separate space for installing it and the best part is you don’t even need much money for this. The Solar Panel can be installed on the vacant roof of the house. The government is also giving a lot of subsidies for this.

Solar panels will not only save the electricity cost of your house but will also make you earn good money. Use only the electricity you need and sell the rest. By installing solar plants of different capacities, an income of Rs 30,000 to 1 lakh can be earned.

Solar panels can be easily mounted on the roof. If there are 10 hours of sunlight, then a solar plant of 2-kilowatt capacity will generate about 10 units of electricity daily, in a month. The plant will generate 300 units of electricity. Apart from the required electricity, you can also sell the remaining electricity to the government or company through the grid. That means you are earning & also getting free electricity.

Know how many kilowatts Solar Panel would be right for you. In simple language, if your electricity bill comes up to Rs 1,000 per month, then 1-kilowatt Solar Panel is right for you.

Earning up to 1 lakh per month

The Central & State governments give a lot of discounts for Solar Panels. The loan is also available from the bank. You can get complete information from the Renewable Energy Department of the district to take advantage of subsidy schemes of the government. This means you can earn huge profits by investing less money.

According to the people earning from Solar Energy, you can easily earn Rs 30,000 to 1 lakh per month from solar panels of different kilowatt capacities.

Cost of Solar Panel

The cost of 2 kilowatts on-grid Solar Panels is around Rs 1, 25,000. This includes Solar Panels, their installation, meters & inverters. You can get a subsidy of up to 40% on this from the Central Government (Ministry of Renewable Energy), while the UP government is giving a discount of up to Rs 30,000

In such a situation, it will cost you about Rs 50,000 to 70,000 to install the Solar Power Panel of up to 2 kilowatts. For more details, you can contact UPNEDA (Uttar Pradesh New & Renewable Energy Development Agency).

500-watt Solar Panel for Rs 50,000

According to the need, Solar Power Panels of up to 500-watt capacity can be installed. It costs up to Rs 50,000. Apart from this, a Solar Plant of 1-kilowatt capacity can be installed for Rs 20,000. This panel can be easily moved from one place to another.

No Maintenance Cost

Generally, the life of a Solar Panel is 25 years. Its specialty is that there is no cost on its maintenance. The battery needs to be changed only once after 10 years.

Where to buy Solar Panel

  • You can Contact the Renewable Energy Development Authority of the state government

  • The form for subsidy will also be available from the authority office itself.

  • To take a loan from the authority, you have contact them first.

  • Offices have been set up in a Major Cities including Lucknow.

  • Solar Panels are also available with a Private Dealer.

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