How much can installing solar panels reduce electricity bills?

The decision to install a solar panel system at home for an individual is usually taken to avoid load shedding and to significantly reduce electricity bills.

But does this idea hold true and solar systems really reduce electricity bills?

This question was answered in a medical study conducted in the UK.

Research has shown that if poor or middle-class households install solar panels on the roofs of their homes, then the electricity bill can be significantly reduced.

The study by the Resolution Foundation think tank found that poor or middle-class households spend at least 10% of their income on electricity bills.

According to the research, if such households install solar panels in their homes, then electricity bills can be reduced by 24 per cent.

In fact, the researchers said that solar panels help millions of people save money spent on electricity or energy, which improves their financial condition.

According to research, a family can save more than Rs150,000 annually with a 3 KW solar panel.

But researchers say that the cost of a 3 KW solar panel is so high that it is almost impossible for low-income households to buy it.