What is Solar Panel? - Is it Costly? Why should I opt for Solar Energy?

Why do we need a Solar Panel?

Just some years back, the demand and usage of solar power grid system started to hike up, when there was a continuous increase in the electricity charges, and hours of power outages prevailed in most parts of India. All these crucial issues had taken the crowd, to look for an alternative measure, both in power production as well as conserving the cost. Now is the time to switch to Solar Energy Products for better future of Earth and our Generation as well. It doesn't only reduces the Electricity Bills, it also helps our Earth's Environment to become cleaner. There are various Solar Products available now for which you can opt and start Saving. The most popular ones are; Off Grid Solar System, On Grid Solar System, Rooftop Solar Panels, Customized Solar Rooftop Panels, Solar Water Pump, Solar Street Lights, Solar Water Heaters & Ground Mount Solar Power Plants.

What is a Solar Panel Power system?

The solar panels made up of Photovoltaic’s (PV) proffers an efficient process of generating electricity using the sunlight granted by Mother Nature. It obtains light energy from the sun to enable a flow of electrons that subsequently act as charge carriers to produce DC electric current.

Setting-up a solar panel: On-grid &Off-grid

For setting up a solar PV power system, we require rooftop solar grids that are integrated with a battery backup and an inverter, which will eventually raise the question ‘Is solar system costly?’ Well, we could say that a PV module might approximately cost about INR 45-60 per watt. But to be frank, the price is only based on your location, its utility rates, system size, the government’s rebate and types such as, on-grid or off-grid PV module. But, a detailed answer for this might get quite twisty; read on to get a clear view about it.

Further, if you want to go for an on-grid solar PV system, which is meant for 1kW power production, would cost around 80,000 to 1 lakh. The 1 kW power would be capable enough to energize 3 lights, 2 fans and a TV. Therefore it would rather be a good option for home use than for commercial. This system would help to save approximately about 8,250 INR per year on the electricity bills.

Contradictorily, in the cases of small scale industries, institutes, places prone to frequent power cuts, you will need this off-grid system. It is expensive than the on-grid ones and moreover, requires frequent battery replacements comparatively. Generally, this kind of solar power system is guaranteed for up to 25 years.

Subsidy for the Solar Power System

The Ministry of New and Renewable Energy (MNRE) is keen in promoting solar PV systems, by providing a 40% subsidy to buy solar panels under the Jawaharlal Nehru National Solar Mission scheme. So, buying solar panels have become cost-effective, which also slashes electricity bills once installed.

Moreover, certain state governments have offered to provide a subsidy of upto 20%, in addition to the 40% subsidy, given by the central government, for 1kW solar power grid. Therefore, the investment for constructing a roof top solar PV power system will definitely be reduced to a great extent, using these offers.

Conclusion

With the help of solar panels one can effectively reduce the usage of traditional power consumption to cut down the electricity bills. Perhaps if you find that the solar panels are expensive, just make use of the mentioned government subsidies. In a long run, the solar power system is undeniably capable of saving your money, as well as acts as a good alternative power source.

If you have any doubt about Solar Energy Products, you can check our Solar FAQ's page for everything you want to know.