A Detailed Analysis of Solar Panel Installation Cost in India

Do you want to power your home or business using solar energy and save thousands of rupees with electric bills? We’re glad you’re taking a significant step in the right direction. Are you confused about what the Solar Panel Installation Cost would be? We’ve got you covered! Let’s delve into the information you need to have in order to estimate your total investment and the concerned savings.

Solar Panel System: Breaking Down its Components & Costs

To even begin calculating the amount of money you’d be investing in Solar products, it is very important to know what exactly are you buying. When you think of going solar, you would generally just imagine those massive blue panels kept on the roof. But that’s not all!

The processes of energy absorption, electricity production, and power storage occur in various parts of a Solar Panel System, all of which you will be buying and installing when you get started.

The key components of a solar system, not including the very technical machinery are:

Solar Panel:

It is the main element that receives and captures the sun’s energy. It is made up of numerous PhotoVoltaic cells, more commonly known as PV cells that do the actual task. The price of your entire fixture is determined by this panel significantly. The rates will vary depending on the kind of cells you use for your panel. The average cost per solar panel in India is around Rs 35-45k.

If you’re buying a panel with monocrystalline PV cells, it is more likely to be on the higher end of the budget.

If you’re considering a polycrystalline solar panel, you’d have to spend a lesser amount.

If you opt for bifacial solar panels, they will be the most expensive ones, which may even exceed the given budget range.

This is because such panels are covered both anteriorly and posteriorly with mono PV cells, hence almost doubling their price and efficiency alike.

Solar Inverter

The Solar inverter is a crucial component of your solar kit, that makes the power harnessed from the sun usable. Conventional electrical circuits operate on Alternating Current (AC), meaning all your appliances need this form of current to function. Since the current stored in the solar panels is Direct Current (DC), it becomes necessary to convert it into an adaptable form. This is the function of your solar inverter.

The Solar inverter comes in various ranges and models depending on the energy requirements of your home or building. So the price window for these is a bit wide. If you decide to opt for basic models that just convert the current, you can find those at affordable rates starting from 20k. However, if you are investing, it is recommended to go for smart models with additional features like data monitoring and utility controls. These can cost upwards of 40-50k, with the prices increasing when their capacity does.

Supporting Mounts

The Solar panels are placed on mounting frames. This way the panels are safeguarded and can be installed at the desired height and angle. It is also beneficial to avoid unnecessary ruckus and obstructions on your rooftops.

The prices for these structures depend upon their
-Material ( Steel or Aluminum)

-Height (the taller, the better as it enables the panels to absorb as much natural light as possible)

Configuration (the optimum angle varies geographically and thus special attention is required to place the panels at the most suitable angle for increased efficiency.

On average, one mounting stand (for holding 1-2 solar panels each) can cost you anything from Rs.2000/- to 8000/-. Significantly cheaper options where people simply build their own frames from scratch or buy from local welders can start from a mere Rs. 500/- However, such frames are not recommended.

So your net solar panel installation cost can be clearly estimated once your provider can propose the most suitable number and configuration of panels required, which in turn gives you clarity about the mounts needed as well.

Solar Battery

As the name explains, a solar battery stores the power generated by the solar PV panel to be used later. This is an optional apparatus to add, especially for residential purposes as homes without solar batteries can use the power from the main electrical grid when the solar systems are producing less.

As homes don’t require that much power, it doesn’t make much of a cost difference as the power you consume from the grid is supplied back to it when the panels are in prime efficiency during afternoons, maintaining your net usage.

These are still, a great option for commercial and industrial spaces that have an increased requirement of power and want to eliminate their dependency on the power grid altogether. The cost starts from around 10k, and depending on the wattage and panels you install, you may require multiple batteries to support the structures.

Cost Overview

Now that you know about the individual things you’ll be paying for, it becomes easier to calculate what your total Solar Panel Installation Cost will be. Apart from these core elements, you should also account for installation charges and accessories such as cables, connectors, earthing kits, etc. It would be ideal to get your system insured and also factor in the minor maintenance charges that would incur in the future.

All in all, let’s say you’re budgeting for your home, your entire solar panel system would cost you Rs. 1.5 – 2.5 lakhs. Please remember this is a national average for homes with medium sizes and electrical requirements. The prices may vary with time, size, and function of the solar panel.

If you’re looking for great quality solar products that will last you for years and deliver uninterrupted power to your home or business, talk to our experts at Inter Solar Systems (P) Ltd. so we can create the most efficient and affordable solar solutions for you!

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