Reasons to Choose a Solar Hybrid Power Plant: Are They Worth the Investment?
The growth of using solar energy is increasing in Kerala and India 26 times in the last nine years. In 2024, 292 GW of solar capacity was installed by the end of July. This shows the growth of using solar energy. In Kerala, people are aware of using renewable energy, especially solar. Hence, it is very important to know more about different types of solar systems and which will be more useful to you. In this blog, we are discussing deeply hybrid solar power plants.
What is a hybrid solar power plant? Why is it used? How is a hybrid solar power plant beneficial over on-grid and off-grid solar systems? If you have these kinds of questions in your mind, you are in the right place.
Let’s directly move on to the topics,
What Is A Hybrid Solar Power Plant?
A hybrid solar power system is also known as solar plus storage and combines solar panels with battery storage and a grid connection, allowing it to produce electricity from sunlight, store excess energy, and take power from the grid when needed. This setup maximizes energy availability and reduces dependency on the grid by delivering reliable electricity day and night.
How Is It Beneficial Over On-grid and Off-grid Solar Systems?
Hybrid systems are better in terms of reliability. Hybrid systems offer power from panels, batteries, or grids; therefore, you will never experience power outages. It uses less grid electricity and sells excess power back into the grid, hence helping to lower your electricity bills.
Other benefits of Choosing a Hybrid Solar Power Plant
- Cost savings
- Reduced independence on fossil fuels
- Environmental friendliness
- Efficient
- Low maintenance
- Reliable power
- Battery expansion
- Hybrid systems enable cheap off-peak charging
Financial Considerations
Upfront Costs and Incentives
Hybrid solar systems have high up-front costs, but they can save money in the long run. In India, the upfront cost of installing a 10 kW hybrid solar panel system ranges from 8 lakhs. It varies depending on the capacity, size, and energy needs.
The Ministry of New and Renewable Energy (MNRE) provides subsidies for hybrid solar power plants. The MNRE subsidy for a 10 kW hybrid solar system is Rs.1,17,000.
Operational Savings and Return on Investment (ROI)
ROI = (Total Lifetime Energy Savings – Initial Investment Costs – Total Lifetime Operational Expenses) / Initial Investment Costs
This is the formula to calculate the operational savings and ROI of a hybrid solar power plant. A hybrid solar system is a great investment with a strong ROI.
Factors affecting the ROI of a hybrid solar system:
- Initial investment cost
- Monthly savings
- Electricity generation and tariffs
- Net metering availability
Maintenance Costs and Lifespan
Hybrid solar system kerala can last 10-15 years. It extends its life by 20 years if you care for it properly. Battery replacements and other maintenance are included in the cost of maintenance. The batteries used in hybrid solar systems typically last 25-30 years. Expected to replace the battery twice in the life span of the system.
The other costs of maintenance include maintenance and replacement of inverters, cleaning, and monitoring system maintenance. This cost is worth the money to reduce the electricity bill and get uninterrupted power supply.
Environmental Impact
Hybrid solar power plant have a lower environmental impact than grid electricity. Some of the benefits are reduced CO2 emissions, decreased reliance on fossil fuels, and minimized air and water pollution. These systems are more sustainable than stand-alone installations, and batteries reduce carbon footprints. However, the mining, production, and disposal of batteries do have environmental implications. Additionally, some PV cells contain toxic metals, raising concerns around waste and recycling.
Who Can Benefit from Hybrid Solar Panels?
- Homeowners to reduce electricity bill
- People who are facing power outages for long time
- Industries that are less dependent on the main power grid
- Used with internal combustion systems
- Smart grids in digital technology to auto-regulate the system
Finally, Are They Worth The Investment?
It is a valuable investment for those who seek energy independence. When using a hybrid solar system, you will get a continuous power supply. With their ability to provide power during outages and lower the dependence on the grid, hybrid systems offer both financial and practical benefits, especially in areas with unstable electricity supply. Moreover, it has lower maintenance costs and works more efficiently and sustainably.
When compared to on-grid solar systems, hybrid power plants may have a high initial installation cost. Combined with potential incentives, this can make hybrid systems a smart choice for many homeowners and businesses. Step into the future of power—explore GEPS solar hybrid solutions now!
