The cost of solar panels in India has dramatically declined over the last decade, and solar systems now offer more value than they ever have before. And since solar panels in India has become ever more affordable, there has never been the best time to go solar. In fact, government incentive plans have permitted homeowners to install solar panels at a reduced price.
However, the type of solar panel system, the location of your property, and the size of the solar system are variables that significantly impact the overall solar panel cost. Since many factors contribute to the cost of solar panels, understanding every cost variance will help you plan your solar panel installation accordingly.
So, let’s take a look at the things that affect the overall cost of your solar system in India and how you can use them to your advantage.
Factors that Impact Solar Panel Installation Costs
There are some essential factors that impact the solar panel installation price. So even if the manufacturing costs go down, you need to pay attention to changes in these fees to assess the net worth of solar panels.
Location and Labor Costs
The cost of solar panels varies according to the location. Usually, you will observe a lower cost in warm conditions and a higher price per watt in cold conditions. However, the cost of solar panels ends up being equal. This is because warm states require larger systems but charge less per watt, while cold states have a higher price per watt but smaller systems.
Additionally, the price of installing solar panels will usually include labor costs. However, this will change based on the location and the per-hour labor rate in that area.
The cost of installing solar panels in India depends on how much electricity you want to generate and how big your system is. If you get a bigger solar system, you will have to pay more for the cost and labor.
These quotes will vary based on factors like the complexity of your project and the accessibility of proficient solar panel manufacturers in your region. It’s important to remember that larger solar panel systems will save you money in the long run. At first, you might pay more out of pocket, but you’ll cut your bill dramatically.
Type of Panels
There are two types of solar panels used for domestic purposes. These include monocrystalline and polycrystalline solar panels. Monocrystalline solar panels are the most effective ones, even though they’re not the most reasonable due to them being the most expensive. If you’re looking to go with affordability, then a polycrystalline solar system may be the right one for you. However, they’re both reasonable and have a decent proficiency rate between 13-16%.
Another factor that impacts the cost of solar panels in India is the ease of installation. Although it is possible to do the installation yourself, it can be tricky to get it right. Therefore it’s best to leave it to solar professionals such as Insolation Energy.
You have to consider the number of panels, the angling of the panels, and the roof’s strength. The more effort it takes to install the solar panels, the higher the cost will be. However, it needs a professional solar panel manufacturing company to evaluate this.
Many people question is solar panels worth investing in. The costs of a solar panel system can be relatively high to begin with, but the money you save in the long run can validate the high upfront cost. Above that, with solar panels, you can expand the overall market value of your property.
Therefore, even though the installation cost may seem a little expensive, the savings from your reduced electricity bills, as well as the reduced carbon footprint of your household energy, make the investment valuable.
Additionally, if the solar panel installation is done correctly, it can improve its lifespan to enjoy long-term benefits. Thus, always consult professional solar panel installers such as Insolation Energy, which offers you all kinds of solar panel installation and maintenance services at a reasonable cost.
An author of Namaste UI, published several articles focused on blogging, business, web design & development, e-commerce, finance, health, lifestyle, marketing, social media, SEO, travel.
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