Bring down your energy bills, get an uninterrupted power supply and do your bit for the environment. For all this, you need to install solar power set up in your home or commercial premises.
The main question here is the cost that you need to bear for this setup. This is exactly what we are going to discuss here!
Are you aware of the important components of the solar energy system?
There 4 important components of the solar energy system and these are as follows:
- Solar Panel
- Solar inverter
- Solar battery
- Panel Stand
When we are considering the cost we also have to take into account the accessories that are used in the installation.
Along with the components you also need to know about the different types of solar energy systems. One is the off-grid solar system. This is a solar panel with a battery. The second one is the on-grid Solar system. This is a solar panel without a battery. The selection of the system depends on factors like location and requirements.
Calculation of cost of the solar energy system:
A solar panel is the most important component of the solar energy system and this is used to convert the energy from the sun into electricity. The cost of the solar panel depends on the type and model of the panel.
Monocrystalline solar panels are the most energy-efficient solar panels that are made from 1 single crystal of silicon. The rate of these panels is around Rs 30/watt. Polycrystalline solar panels are made using many silicon crystals. The cost of these panels is around Rs 26 per watt. But these panels have less efficiency as compared to monocrystalline panels.
The average cost of 1kW solar panels is in the range of Rs 40,000 to 44, 000. The cost depends on the quality and it can also vary from state to state. Whether it is Solar Traffic Lights Installation or any other system solar panels are the most important part.
The mounting structure for the solar system:
The solar panels are installed on the mounting structures. For the RCC rooftop hot-dip, galvanized steel structures are used. For metallic sheet rooftops, Aluminum rail mounting structures are used. You need to use mounting structures that are tall and can withstand winds of high speed.
These solar inverters convert DC into AC. String and micro inverters are the most popular types of inverters.
The electricity that is generated by the solar power system is stored in the solar battery. This electricity is used when there is a power outage.
Other components of the solar power set-up:
Many other components are used in the solar power system. The AC distribution box, DC distribution box, and lighting arrestor protect the solar panels during thunderstorms. DC wires, AC wires, MC4 connectors, wire thimbles, earthing kits, solar panel installer tools etc also have to be considered when we are calculating the cost for the rooftop solar installation in India.
So, how much does it cost to install a solar panel system in India?
Some important factors need to be considered for calculating the cost of solar panel installation. First of all the capacity of the project has to be taken into consideration.
The next factor is where the installation has to be done. Here the location and the height of the building where the installation has to be done are considered.
The cost also depends on the type of panels, mounting structures etc that are going to be used. For example cost of a monocrystalline panel is more as compared to polycrystalline panels. But the efficiency of the monocrystalline panel is more as compared to other types of panels.
As you can see that many factors influence the cost of solar system installation in India. Therefore the cost for different solar system projects is bound to be different.
Once again we would like to point out that this is not the exact cost. This is just rough approximate values of the cost that you might incur. The capacity of the project, the height of your building, and the type of mounting structures that you choose all affect the pricing. In case you are choosing any value-added services then you have to maybe more. Also, the cost of installation, commissioning, and testing also have to be kept in mind while calculating the cost.
But one thing you have to keep in mind is that this is a one-time investment. If you install the solar power system of a reputed company then you shall reap the benefits for life. The solar power system shall bring down your energy bills. Also, these systems do not require much maintenance.
Not sure what to do? Then consult a solar power system expert!
Before the rooftop solar installation, you surely want to know the exact investment cost. For this, you can connect with a solar power system expert who can survey your premises. Depending on your energy consumption and the condition of the premises the expert can suggest the capacity of the solar power system.
The expert can also tell you about the components that you need to choose like solar panels, batteries etc. He can then calculate the cost and give you an estimate for the solar panel installation.
If you want to choose a reputed solar panel system company then connect with Megamax Solar. We are known for providing the best services for the installation and maintenance of solar power systems for your home or commercial premises.