On Grid Solar Power Plant
This is the most popular Solar PV system mainly installed in residential, industrial and business areas that have regular power supply from the utility grid. Excess energy is sent to the utility grid for which you either get credited to your electricity bill or paid depending on the state laws.
Advantages
Cheapest Solar PV system, since it requires the lowest no of components for setup
Lowest maintenance costs
Exchange excess energy with the utility grid
Reduce the burden of high tariff electricity bills, year on year tariff increase (avg. 2%)
Can be upgraded to a Hybrid Solar PV system
Higher efficiency than Off-Grid systems since it is grid dependent
Disadvantages
Does not have a backup for electricity outage
Since it is dependent on the utility grid there is no power during an outage