ilmscore | Reduce Your ELECTRICITY BILL by 90% | Finance With Sharan

Reduce Your ELECTRICITY BILL by 90% | Finance With Sharan

Published: 2023-03-18
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
Installing solar panels can yield an 18% ROI and break even in 3 years.
"my Roi on installing these four panels comes to around 18 percentage and breaks even in just 3 years"
Solar Panel Return on Investment
Pending
Solar panels have a general life expectancy of 20 to 25 years.
"this brings the general life expectancy of these panels at 20 to 25 years"
Solar Panel Lifespan
Pending
Solar panels experience an annual efficiency degradation of approximately 0.5%.
"the solar panels will also have a natural degradation in efficiency which is around 05% annually"
Solar Panel Efficiency Degradation
Pending
Subsidies for rooftop solar systems are available for on-grid systems up to a maximum of 10 panels.
"subsidies under this rooftop solar scheme is available only for on grid solar systems and for a maximum of 10 panels"
On-grid Solar System Subsidies
Pending
The first 3 kW of solar panels receive a subsidy of ₹14,588.
"the first 3 KW panels receive a subsidy of rupees 14588"
Solar Panel Subsidy Amount (First 3kW)
Pending
Solar panels from 4 kW up to 10 kW are subsidized by ₹7,284 per kW.
"and the next kilowatt hour panels up to the maximum allowance of 10 panels are subsidized by rupes 7,2 184 each per kilowatt hour panel"
Solar Panel Subsidy Amount (Subsequent kW)
Pending
A 90% reduction in electricity bills is achievable through solar panel installation.
"you see that I just slashed my bill by 10 times that's a 90% reduction in my bill"
Electricity Bill Reduction
Pending
The cost of a 1 kW solar panel ranges from ₹60,000 to ₹1,00,000.
"the cost of 1 Kow panel comes between 60,000 Rupees to 1 lakh"
Solar Panel Installation Cost (1kW)
Pending
The annual maintenance cost (AMC) for solar panels is approximately ₹3,000 per panel.
"then there's also AMC or annual maintenance contract that's about 3,000 rupees per panel"
Solar Panel Annual Maintenance Cost
Pending
A 1 kWh solar panel requires approximately 10 square meters of space.
"A 1 Kow hour panel takes up approximately 10 square m of space"
Solar Panel Space Requirement
Pending