India’s future seems to be bright with people moving towards solar energy. Solar panel cost is now more affordable than ever. With the advent of newer technology, the quality and design of these systems have also improved.
We all know, solar energy is a sustainable energy solution. But did you know? Just one hour of sun’s energy is enough to meet the electricity needs of our planet for an entire year. Moreover, a solar panel comes with an average lifespan of 20+ years. So, why not use them and make a smart investment. A small reminder – solar energy helps you lower your electric bill and have less impact on the environment. Now, let us see how much does a solar panel cost for a typical apartment home.
Solar panel cost for home
The cost of a solar panel is usually calculated in rupees per watt. The total amount includes set up charge, the device, panel cost, battery cost and the recurring cost. Now a typical Indian household needs 3KW solar panel system to run on 100% solar power. But partial solar-powered homes can go for 1KW or 2KW home solar kits.
Solar power is the last energy resource that isn’t owned yet – nobody taxes the sun yet.
Bonnie Raitt
On-grid solar panels – ₹ 70,000 at ₹70/watt
Off-grid solar panels – ₹ 82,000
The additional cost of ₹12,000 is for the 150 MAh batteries
Hybrid 1KW solar panel price is slightly more than off-grid systems.
On-grid – ₹1,40,000.00 at ₹70/watt
Off-grid – ₹ 1,80,000.00 at ₹90/watt
Hybrid – ₹ 2,00,000.00 at ₹100/watt
Cost for a 3KW solar system in India starts approximately from ₹2,50,000.
Read on : Why is solar panel price so high?
Types of solar panel systems
Bringing solar technology in easy words – a solar panel is a device that collects sunlight and converts it into electricity. A solar panel is usually installed on top of a house or a building, to receive maximum sunlight exposure. Now, the cost of a solar-powered home depends on the type of solar panel system you choose. For homes, there are three types of solar power plant:
- Off-Grid System
- On-grid System
- Hybrid Solar System
Off-Grid solar system
An off-grid solar system is useful in areas that do not get any power supply from the city. You see, an off-grid solar system comes with its battery bank. The energy received from the sun is collected and stored in the battery banks. Later on, the stored energy (DC power) is converted to AC through whenever required to power various appliances. These systems are self-sustaining and are also useful in areas with frequent power cuts.
On-grid System
An on-grid solar system works with a direct connection to the city’s power supply grid. So, when there is less sunlight, the system runs on the power supplied by the city’s power network. Likewise, when the system generates more power than your home needs, the extra power is provided back to the utility grid. Make a note; these systems work only when the city’s power network is working. If the utility power grid is off, the system will not work. Such systems are useful when power consumption is more, and you wish to reduce the power bill.
Hybrid System
Hybrid is the combination of both On-grid and off-grid systems. Meaning, it is connected to the primary utility grid and is also self-sustained with a battery bank. A hybrid system functions even during power cuts as it draws the energy from the battery banks. People who want peace of mind and are okay with high solar panel cost can opt for a hybrid system.
Do you know our shining sun provides enough energy to meet the power needs of our entire planet? And most importantly, solar power is a free source of energy. The longer you use a solar power system, the more you enjoy the benefits of solar technology.
A solar panel cost might seem a bit costly for you, but the benefits you reap are plenty. Reduced power bill, freedom from city power utility and less impact on the environment are the prime benefits.
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