Today’s generation solar power plant will facilitate the future generations by providing them environmental aids, monetary savings, and clean energy yield. The solar power plant can be installed by domestic and commercial users including small and medium scale industries and large-scale industries or agricultural farms.
The most popular solar system is an on-grid system which can be installed by any user who has an electricity consumption as low as 500 units in a month. These systems are integrated with the public electricity grid and does not require battery storage. Any solar energy that you generate from an on-grid system (which is not spent directly in your home/office/factory) is exported to the electricity grid and you get paid a feed in tariff (FiT) for the electricity you export.
In an on-grid system, excess solar energy runs through the meter which measures how much power you have either exported or imported (purchased).
The electricity that is delivered to the grid from your solar system can later be utilized by other users on the grid. In the case when your solar system is not producing, or you are consuming more electricity than your system is producing, you will automatically start importing or consuming electricity from the grid.
Batteries can be integrated to an on-grid solar system at later stage if requires, but it will increase the initial cost of the solar plant as well as it will also require replacement of batteries after 5 to 6 years.
By installing a solar power plant a user can recover his initial investment on installation within 3 to 4 years and further he can enjoy free of cost electricity for 25 years. Feed-in-tariff and remarkable return on investment makes on-grid systems much more attractive for all categories of consumers.