DEPLOYMENT OF GRID CONNECTED PV SYSTEM FOR REDUCTION IN ELECTRICITY BILL: CASE STUDY

Saving Electricity & making renewable sources of energy the alternatives for electricity generation is perhaps the biggest problem the world is facing now. Looking at current electricity generation requirements and the declining supply of non-renewable sources of energy, Solar energy & solar enabled devices are the only hope for the future generations to meet the rising electricity demands. This paper focuses on a very innovative technique used nowadays called the grid connected PV systems in which one can take a benefit of both, the solar generated electricity and the usual grid system as per the requirements. This paper analyzes the cost of installing grid connected PV systems and the monthly savings on electricity bills after installation and the approximate time required to recover all the invested money. This paper also compares the electricity bills of every month generated before and after installation of solar panels with the grid system. For this analysis, we obtained electricity bills from 2017 till date for every month and studied the electrical units, bill amounts, electricity exported from solar panels to grid system & electricity imported from grid system to the actual utility. It was observed that the electricity bill reduced substantially after installation of grid connected PV systems and hence grid connected PV systems can be a good alternative in the near future