A photovoltaic system is a power generation system that uses solar cells to convert solar energy into electrical energy. Domestic photovoltaic systems consist of photovoltaic panels, brackets, batteries (banks) and inverters.
Domestic photovoltaic systems are mainly installed and used by using these unused resources of existing buildings in the home, such as roofs, wall facades, balconies, courtyards, etc.
The use of solar power does not only contribute to the global environmental cause, it also brings many benefits to the homeowner.
Save on your electricity bill
The main reason for choosing to install a photovoltaic system is that it will reduce your household expenses.
I know you dread seeing the electricity bill because of the high cost. With the installation of a system you will pay more than 80% less.
You can use electricity from the PV system during the day instead of from the grid. If you also install a battery, you can store the solar energy that is not used during the day for later use. This can further reduce your electricity bill.
High return on investment
I want to install a photovoltaic system, how much will it cost? How long does it usually take to pay back the money? This is a concern for all homeowners.
The return on investment for installing a PV system depends on two main conditions: the installed PV capacity and the investment in the system.
The cost of the equipment purchased for a PV system, including PV modules, inverters, batteries, cables, mounting brackets, meters, monitoring equipment, etc., will vary with fluctuations in market supply and demand, and is related to the size of the installed PV capacity.
In addition to the purchase of equipment, there are also a small number of costs incurred in the construction, installation, commissioning and grid connection of the system. The larger the installed capacity of the system, some of the basic costs will be diluted, making the unit investment cost lower.
For example, a typical home PV system has an installed capacity of around 5KW and a system investment of around $2,000 - $2,600. Depending on lighting conditions, customer-side tariffs, subsidies and system costs, the system will generally pay for itself in 7-10 years, with the remaining 15 years of electricity generated becoming pure profit.
Installing a home photovoltaic system also makes effective use of idle rooftop resources, creates additional income and is a one-time investment with long-term benefits!