March 31st, 2021 | Updated on June 30th, 2022
Solar panel systems have undoubtedly become one of the most preferred sources of generating energy in our country.
If you’re considering getting a solar panel for your home, you must have looked through several options and wondered what impacts solar panel prices.
This would be a straightforward question to answer if these prices were governed by a singular factor. But the costs of your solar panel can depend on a variety of factors. Let’s take a look at a few of them.
1. Electric Demand of Your Household
This is undoubtedly one of the most crucial factors impacting solar panel prices, but at the same time, it’s also the factor you have the most control over.
If you use a number of electric appliances like a water heater, room heater, air conditioner and washing machines on a daily basis, you will need a solar power system that is large enough to offset all the electricity that your energy-intensive house utilizes.
Needless to say, the larger the solar panel system, the higher the price. However, if you wish to go for a smaller and hence, less expensive solar power system, you can choose to make small changes in your household that would allow even a small solar panel to work effectively.
These changes can include replacing CFLs with LEDs, turning off the lights and fans when not in use, or installing more insulation to keep your home cool.
2. Rooftop Space
Another factor that affects solar panel prices is the amount of space available on your rooftop that can be utilized for the solar array.
While this might not directly impact the cost at which you purchase your solar panel system, it can lead to extra expenditure in the future.
If your roof is not oriented to either south or west, or if it has a too steep or too shallow of a pitch, it won’t be able to support a solar array efficiently.
This is because the solar panels would not be exposed to the sun for long periods leading to system inefficiencies which may, in turn, increase the relative cost of your solar power system because of reduced output. You can get in touch with your solar panel provider to find practical solutions to this problem.
3. Labour And Installation Costs
Another factor that influences solar panel prices is the installation cost. If you’re investing in a solar power system, you would want it to function correctly.
This is why it is very important to get your solar panel systems professionally installed to make sure nothing hampers the mechanism.
4. Government Subsidies On Solar Panels
Since solar energy is one of the greenest ways to produce electricity, the government supports those who wish to invest in this green initiative.
This is why India’s Government provides financial subsidies on rooftop solar power systems making them more affordable and accessible.
So, these were a few of the most important factors that influence the solar panel prices in India. To conclude, a bonus tip would be that it’s not necessarily true that if a solar panel system is more expensive, it will be of better quality.
5. Choose Trusted Names
Brands like Luminous offer solar power systems of exceptional quality at affordable prices. These brands bring a complete range of solar power components, making it possible for you to get the best results from your solar panel systems.
From solar panels to batteries, you can explore a range of solar power products from Luminous. Head to their website to know more.
