Details:A solar system (with a battery system) of up to 10kW in a capacity that is installed at homes qualifies to be a residential solar system. The investment would be somewhere around Rs. 1,00,000 per kW. The electricity bills of a home are generally Rs. 1,000 per month. Installing a solar system in such an establishment could result in savings of Rs.8,400 per annum. The investment is expected to have an RoI (payback period) of ~10-11 years and the return on investments will be around 8%.
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