If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/uj9JPUBp8Wo9nZQi7 Correction: Electricity Generation and Savings: • A 3 kW system can generate an average of 12 units per day (360 units per month)(mistakenly mentioned 1 kW in the video**) • Assuming a monthly consumption of 400 units, the solar system will supply 90% of your electricity needs • You'll only need to pay for the remaining 10% (40 units) to the electricity board • At a grid tariff rate of ₹7 per unit, you'll pay only ₹280 per month • Your system generates electricity worth ₹2,520 every month • Annual savings: ₹30,240 Solar Payback Period: • System cost after subsidy: ₹1,10,000 • Annual savings: ₹30,240 • Payback period: ₹1,10,000 / ₹30,240 = 3.6 years In conclusion, installing a 3 kW solar panel system can significantly reduce your electricity bills and pay for itself in just 3.6 years. While the initial investment may seem high, the long-term savings and environmental benefits make it a worthwhile consideration for your home. ------------------------------------------------------------------------------------------------------------------------------ My Money Apps: Indian Stock Investing (Zerodha): https://bit.ly/3iYKROh Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): https://bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR Portfolio Investing (Smallcase): https://bit.ly/3u0is0I Corporate Bonds (Wint Wealth): https://bit.ly/3sbUI8c How to pick the right insurance (Ditto): https://bit.ly/3xFh7OU The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions. My bestselling books: 'Make EPIC Money' here: https://amzn.to/3WHJ43F ‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5 ‘Do Epic Shit’: https://amzn.to/4fK9uuv My gear for shooting this video: 🎥 Sony a7III camera: https://bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: https://bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: https://bit.ly/3O1NAVA 🔆 Fill Light 60W: https://bit.ly/37aJolP 💡 Key Light 150W: https://bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: https://bit.ly/3O4PvJ1 The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L. Let’s connect online: 🎙 My weekly podcast Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoqydK6hszvi4DFywg 📩 My weekly newsletter warikoo Wanderings: https://ankurwarikoo.com/newsletter/ 📱 Instagram: https://instagram.com/ankurwarikoo 🐦 Twitter: https://twitter.com/warikoo 👨🏻💻 LinkedIn: https://www.linkedin.com/in/warikoo 😄 Facebook: https://www.facebook.com/awarikoo/ 🖋 Daily Blog: https://ankurwarikoo.com/blog/