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Understand How Using A Solar Calculator Can Help You Save Money

Summers and high electricity bills are a never-ending story. They’re probably the most annoying thing that people face in summer after the heat itself. Imagine there is scorching heat, and you have to think 10 times before turning the AC on, thinking about the bill.

Luckily, the government of India has heard you, and they have been subsidising solar panels for a while now. This has enabled people to reduce their electricity bill to a net 0.

But the question is, how do you get the right solar panel? A solar calculator can be your go-to tool. It can help you estimate the load amount, pick the right solar panel system, and save money, and in this article, we’ll learn exactly how.

What is a Solar Calculator?

A solar calculator, also called a solar panel cost calculator, solar energy calculator, solar PV calculator, or solar rooftop calculator, is a tool you can use online to figure out the size, energy production, cost savings, and return on investment (ROI) of solar systems based on the information you give it.

Some of the considerations are where you live, the size of your roof, how much electricity you use, and the current utility rates. By assessing this information, solar calculators offer accurate reports catering to the individual demands of the user.

Key Inputs You Provide in a Solar Calculator

Now, before we understand how it helps you save money, let’s look into the key inputs you give to a solar calculator.

  • Monthly Electricity Consumption: This is measured in kW/h, it is important as it is the primary metric that the calculator uses to calculate the size of the solar panel system.
  • Location / Pin Code: This is important as the solar calculator has access to solar irradiance data, which translates to sunlight availability; the ROI would be better in places with more sunlight.
  • Roof Type & Available Area: Do you have a flat terrace or a slanted roof? This is important as it determines the area you have available. If we had to be more precise, how much sunlight-prone area do you have?
  • Electricity Tariff & Billing Pattern: This is important as the higher the tariff you have, the more money you save with a solar panel. Remember, net-metering or gross-metering can significantly affect outcomes.

Now, these 4 are the primary metrics that are measured with a solar calculator. Calculators can also have inputs like battery requirement, installation preferences, panel type, etc. But it depends on calculator-to-calculator.

What a Solar Calculator Shows You

What You SeeWhat It MeansWhy It Helps You
Ideal Solar System SizeIf your home uses around 400 to 500 units a month, you need a 3 to 4 kW system.You avoid buying something too big or too small. It’s like choosing a fridge that fits your family just right.
Estimated Installation CostShows the total cost including panels, inverter, structure, wiring and labour. Also tells you how the price changes with different panel types like mono PERC or bifacial.You get a clear idea of what you might actually spend. No confusion or guesswork when comparing quotes.
Government SubsidyThe calculator automatically applies the MNRE subsidy based on your system size.You instantly see how much the government will support and how much you really need to pay from your pocket.
Annual Solar GenerationBased on how much sunlight your city gets, it calculates how many units your system can generate in a year.Helps you understand how well solar will perform in your specific location. Useful when comparing different cities or states.
Monthly and Annual SavingsShows how much your electricity bill will reduce. For example, a bill of 3000 rupees might drop to around 100 to 300 rupees with solar.Let’s you see the real money you save every month and how much you can save in a full year.
Payback PeriodTells you how long it will take to recover your investment. Most homes see this in 3 to 6 years.After the payback time, your solar system is basically giving you free electricity for many years.

How Using a Solar Calculator Helps You Save Money?

So, the real question: how does it help you save money? Here’s how:

Helps You Avoid Over-sizing or Under-sizing

You lose money on later upgrades if you buy a solar panel that’s weaker than your needs, but waste unnecessary money when you get a solar panel larger than your needs. A solar calculator helps you avoid that mishap.

Gives You an Accurate Budget Before You Talk to Installers

You can set money aside accurately, before installation, with the help of a solar calculator, as that means you already have an idea, so inflated quotes are out of the window without much worry.

Estimates Long-Term Savings With Transparency

It helps you understand how much money you’ll save in the long run. For example, a 20–25 year lifecycle savings can be ₹5-10 lakh, depending on the region and tariffs. Which means you can explain the financial benefits of your house with full transparency to concerned members.

Helps Identify Whether Battery Backup Makes Financial Sense

You get to understand how much your ROI is with and without a battery. This allows you to save even more money, as you avoid overspending where storage is not needed.

Conclusion

Solar calculators are quite useful for figuring out if installing solar energy systems is possible. They help consumers and organisations to make informed decisions, delivering insights into expenses, savings, environmental effects, and return on investment.

As more and more people switch to renewable energy, tools like solar calculators are important for making the decision-making process easier and giving stakeholders the confidence to switch to solar energy.

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