Have you ever considered generating your own electricity to meet your energy needs and even selling any excess power back to the utility company? Well, it is possible to sell surplus electricity back to the authorities. For any institution with high daytime activities, solar is a great alternative to save utility costs and produce electricity on its own grounds. What more if you could sell the excess electricity as well?
The installation of a solar energy system is a forward-thinking investment with a wide range of benefits. You can utilize solar energy during the daytime when electricity rates are typically higher, saving on your expenses. Furthermore, you can also sell the excess electricity generated during this time back to the power company, which is known as NET METERING. Additionally, solar power helps reduce the strain on the grid by generating electricity locally, thus lowering the overall load demand.
Let’s take a look at the energy produced through solar in one of our clients. In the above graph, the energy produced by the national grid is represented by the brown line and the solar by the green line. As the peak daytime starts, the load of the institution is completely taken over by the solar system, and the excess energy is sent back to the grid. The import from the grid is almost zero at maximum solar production in the afternoon. The excess electricity that is fed into the grid helps the utility company to manage the demand side, and the customer to earn by selling the excess electricity. It’s a win-win situation for both. From the graph, we can undoubtedly say the apartment’s load is run by the solar system from 7:00 am to 4:30 pm. With the integration of solar with a battery storage system, the energy can be saved for the load from 5 pm onwards. This mix of grid and a 50kWp solar system saved the institution around NPR 35,000-40,000 electricity bills per month.
In conclusion, solar energy stands out as one of the most cost-effective sources of power, providing an opportunity to generate an additional income stream. Additionally, solar power allows you to enjoy various benefits, including a significant reduction in electricity bills, especially during high daytime rates. The active utilization of solar energy helps you to reduce carbon footprints, fostering a more environmentally sustainable approach to energy consumption.
-Contributed by Roshani Shrestha, Marketing Assistant