With every passing day, electricity is becoming increasingly costlier for everyone in India and that is one of the major reasons why people are resorting to solar energy to meet their rising needs. In most of the over populated states of India, citizens are fed up of power cuts and using DG sets for meeting their demands. Government has been backing up projects like Jawaharlal Nehru National Solar Missions throughout the country and proving enough facilities for people as well as organizations to get Solar panels installed. This article has detailed analysis of Price of Solar Power Panels in India.
Price and cost of Solar Power Panels in India
The cost of a panel of PV module is considered to be somewhere around Rs 30 to Rs 60 for a watt of power generated. Talking it more specifically, a fine imported module would worth Rs 40 to Rs 45 per watt, however, once the products are manufactured in house in India, they would cost quite lesser than this amount. The costs mentioned above are running cost and does not include the cost on inverter and batteries.
For a home user, the installation cost could vary somewhere between five to seven lakhs at a production cost of Rs 50 to 60 per watt of production. This system can provide you energy for almost 25 years from the date of installation. So, all in all, we would say that this is not really a costly affair considering the kind of pollution free energy back up that we would be getting.
At the same time, government is favoring people to use renewable sources of energy and thus has provisions for subsidy on installation of solar power projects. It is said that MNRE offers a thirty per cent subsidy on the expenses incurred for rooftop solar panels and that holds true for both commercial as well as residential entities. Moreover, the entities which are commercial can claim their subsidy on any of the capital as well as interest subsidy.
There are two types of PV cells available in India. First is Monocrystaline PV cell and other being Multicrystaline PV cell. While Monocrystaline cell comprises of a single silicon crystal, Multicrystaline PV comprises of multiple silicon crystals. Contrary to the beliefs, a monocrystaline PV cell in considered to be more efficient than multicrystaline panel as it converts more solar energy into per square meter of the area and hence the former is costlier than the later.
The entire point of choosing monocrystaline panels or multicrystaline panels entirely depends on the area available. If you have ample space for the panels, you could install multicrystaline panels and get adequate amount of electricity. However, if you have space constraints on your rooftop and still require high power generation, monocrystaline power panels are the only choice and that would certainly be a little costlier for you.
Solar energy is the future of power generation. It would not be a fallacy to consider that 20 years down the line, the entire world would be depending on solar energy for maximum quantum of its power consumption.