Solar panels for generating power at home have been available in India for quite some time. Most Indians could not profit for an extended period due to financial constraints. However, due to a decline in solar panel price in India over the previous several years and substantial policy-level developments by the Indian government, solar panels for a house currently seem to be highly profitable in 2021. Solar panel producers have similarly solidified their positions in India, and the industry appears to be well-organized.
What does The Solar Panel System Cost?
There’s never been a better moment to go solar, with the cost of solar panels lowering every year. The solar panel system cost varies based on several criteria, including the size of the system wanted, your geographic location, and the kind of equipment desired. This leads to the most critical question of how much solar panels price is.
We’ll break down the Solar Panel System Cost by system size, state, and panel brand in this post, since each factor may significantly influence solar panels’ ultimate cost. We’ll also look at a few additional elements that affect the price of a solar installation.
The Cost Of A Solar Panel System In India
The overall solar panel system cost will be determined by the kind of solar panel system you choose. We’ll go through the purchase guide on buying a solar panel system in the following sections.
If you pick an off-grid solar panel system, it will include panels, an inverter, a charge controller, batteries, wiring, construction, connectors, and a junction box. Based on the boards and inverter you choose, the cost per kW might range from Rs 70,000 to Rs 1,20,000.
If you choose a grid-connected solar panel system, it will come with panels, inverters, wiring, construction, connections, junction boxes, and other components. The cost per kW will range from Rs 45,000 to Rs 80,000.
Buying Guide On Choosing Solar Panel System
With the assistance of our shopping guide, you should be able to identify your perfect solar panel system.
- Look into the energy efficiency of your home
Before using solar energy to power their house, homeowners should assess their current energy usage and explore efficiency improvements. Before opting for solar, homeowners should be aware of their total power use and investigate low-cost, easy-to-implement efficiency solutions.
2. Collaborate With Your Installer And Utility Provider
Your installation will dictate the size of your system. The size will be decided by your electricity requirements (calculated in step 4) and the following factors:
- The system’s tilt and orientation.
- The solar resource on the location, or the amount of sunshine available.
- The system’s efficiency in converting sunlight to power.
- Other sources of energy include a utility, a wind turbine, or a fossil-fuel generator.
3. Evaluate Your Solar Energy Options
If you want to go solar, purchasing and building a system that you own and operate is no longer the only choice. Several schemes will allow you to profit from solar power even if you rent your house or do not wish to buy a rooftop system.
4. Calculate Your Solar Energy Requirements
Gather information about your house and power usage to assist your contractor in making suggestions for the kind and size of your system. Examine your power bills to figure out how much electricity you’ll require each year. Your consumption will be shown in kilowatt-hours (kWh). Examine each month of the year; certain months may need more power than others. Some utilities include tools to aid in this assessment.
When it comes to a solar energy system’s output, the quantity of solar energy that reaches it and the system’s size are what determine how much power it can create in a given area.
5. Request Solar Installer Bids And Site Assessments.
When looking for solar installers, look for certified, insured, and have the necessary certifications. Additionally, you may get suggestions from friends and family who have just gone solar and check online evaluations. Before you make any commitments, verify that the installation is licensed.
6. Evaluate Your Solar Capability
Before deciding on the best method for utilizing solar energy at home, determine the amount of solar energy that could be generated in your area. Because photovoltaic (PV) technologies generate electricity from direct and diffused sunlight, the solar resource in the United States is abundant for residential solar electric systems.
7. Be Aware Of The Many Financing Options And Incentives Available.
Through 2019, small solar energy installations are eligible for a 30% federal tax credit. The tax credit drops to 26% in 2020, then to 22% in 2021, before expiring on December 31, 2021. If you pick a solar lease or power-purchase agreement, you will not be eligible for this tax break since you will not own the solar energy system.
Be careful to look into all of the available solar financing alternatives in addition to incentives. Every circumstance is unique, and what is ideal for your home is determined by various variables. The Clean Energy States Alliance handbook explains the benefits and drawbacks of each choice to help homeowners make informed decisions. For other financing possibilities, see the Homeowner’s Guide to Going Solar.
Conclusion
The sticker solar panel price installer charges you for your particular solar panel installation is based on several factors. Solar panels are a one-of-a-kind product, and the price you pay is highly dependent on your specific scenario and criteria such as your power use and property.
Also Read: Advantages of choosing the right Solar Panel Mounting Structures