There are a lot of factors that impact profitability. This can be a little complex, but don’t be concerned. it will go through. The process will be step-by-step. We’re going, to begin with, a basic five-kilowatt solar panel and provide a brief orientation of how to estimate your savings. To calculate this first, we’ll need to identify the expenses. Our solar system, as in terms of size, is five kilowatts.
The power consumption during the day for our office is 10 kilowatts. If we take it as 35 rupees per kilowatt-hour, and our typical consumption time is 7 hours. The values above are likely to be different from what you will find in your own area which is due to the fact that I’m from DHA Lahore and because DHA is a place with insanely high power costs. These specific numbers are significant. The for thirty days, we shall be charged = 10000W X 7hr X 35 Rs/1000Whr.
Put in your own personal numbers and follow the steps. You can take it over until you have it in your system and grasped. First, it is important to figure the amount of power your system generates on a normal day. There are plenty of online calculators which can calculate this for you since the location of your system will determine it.
Let’s say that a 30kW system is located in Lahore in Pakistan and is south-facing, which means it will produce about 20 kilowatts all day long (4 hours counted). Be aware that this is a typical figure for the entire year (averaged). In the summer months, it produces significantly more than in winter. The production will be less than what we’ve described. The power we use during the day is around 10 kilowatts. This means that solar power will help us avoid having to buy hours of power at full price from the power supplier LESCO. It should cost us around Rs 35x(10×7-20X4) a day. In addition, you’ll still be producing more power (actual out of 30 less 20) and exporting it to the grid, and earning 10.5 cents for each kilowatt-hour. This will give us up to, if not more than, 40 kWhr, which is a dollar Rs 420 per day. When you add these two fingers together, you receive Rs 770 profit every day. This is a saving multiplied by this figure by a complete year, and we’ll get our magical number from Rs. 23,100 in credit.
So, as you see from this example, you could save nearly 23 grand each year. As long as the usage of electricity remains unchanged, and the feed-in tariff remains at or near the 10.5 rupees mark. This is why a lot of people across the globe are joining the bandwagon of net metering. Who wouldn’t love to save 23000 every year for years? This is a huge idea that we would like to see all solar users could make thousands of rupees per year.