The year 2020 has been spent majorly in lockdown, we have seen an increase in demand for e-vehicles on the road. Usage of electrical gadgets at the house was more, and hence the electricity bill also shocked us with a high price to pay for.
It has seen that Maharashtra is a state which has experienced the most expensive electricity bill compared to any other states. So, the electricity bill for the houses here ranges from 1500 to 5000 rupees.
A grid-connected solar system is connected to a utility grid that generates electricity using solar power. They can range from commercial rooftop systems, small residential units to large utility-scale solar power stations.
While solar power equipment, grid-connected methods seldom include any integrated battery solutions. A grid-connected PV system in favourable conditions supplies superpower to the leading utility. It is what required for consumption of the connected load.
The Demand of Grid Connected solar system in growing due to its benefits as below:
1. Highly economical
It allows you with high savings as its high inefficiency if it offers high net metering and hence requires low cost of installation and equipment.
There is no usage of batteries which reduces the cost here while there is no maintenance also here.
2. The grid acts as a battery
As we know, electricity is a resource and not always the case to consume it, so there is often a need to store it someplace else before using it. The grid-connected solar system acts as a virtual battery where it can keep excess electricity temporarily. Since the grid works like a battery and there is no inefficient battery involved, virtually nothing goes to waste in this system.
3. Save Money with net-metering
The installed solar panels will ensure to generate more electricity with net metering, where the excess of electricity onto the utility grid other than storing it with batteries.
Net metering plays a crucial role in how solar power is incentivized. Residential solar power systems without it would be much less feasible from a financial point of view.
Net metering ensures the electricity developed by a solar power system to offset the electricity used from the grid during the cloudy or night days.