On-Grid Solar Power Systems generate power using a solar power system and are directly connected to the utility power grid. During the day, excess power generated by the solar power system is sent to the electricity power grid directly and consumers get compensated for extra power exported to grid in their total electricity bill against overall power consumption. These systems work in collaboration with the power grid. In the event of low sun light conditions, the system supplements the power requirement directly from the main electric grid. These systems are best suitable when your power consumption is high and you wish to reduce your electricity bills. On-grid systems can be installed with or without net metering. As on-grid solar systems are connected to main grid directly, they are not able to produce electricity during power outages due to safety reasons, whereas a hybrid system can work round the clock.
If required, Batteries can be added to on-grid systems at a later stage if required.
Applications of On-Grid Solar Power Systems:
An individual or an organization can make use of on-grid solar systems to meet daily power requirements, at the same time they can a regular passive income from the excess power fed to the electric grid. On bright sunny days, buildings can generate enough solar energy to power appliances, lights, water heating systems, etc.
Advantages of On-Grid Solar Power Systems:
On-Grid Solar Power Systems are very cost-effective and easy to install.
Organization can recover the cost of their investment by offsetting electricity bills in just 3-8 years. If a private, commercial or industrial building sets up a solar PV rooftop system it will be eligible to avail a faster rate of Depreciation Benefit on assets. At this rate, a business can completely depreciate the whole value of the project in approximately 4 years.
Residential users and business owners can earn a passive income for the surplus energy generated by the system.