A Guide to Knowing if you are Paying the Right 1KW Solar Panel Price

by Amit Sharma Digital Markter
Solar panels have gained popularity in India for quite some time now. Earlier, installing a solar panel plant was not economically feasible given the significant initial cost. But with some helpful policy-level implementations by the government and a drop in solar panel prices, it is now quite lucrative to get solar panels for home use and curtail utility bills in the long run. Plus, as solar energy is eco-friendly and renewable, you get to do your part for the environment as well.

Now, let’s take a look at the commonly used 1 KW solar panel. It can produce about five to seven units in a time frame of 24 hours. These units get consumed within 4-5 hours if the appliances are used continuously. A kilowatt-hour is the measure of the amount of energy that a machine needs for its application for one hour. A KW is basically the measuring unit. It is always better that you know these terms when you plan to buy a solar panel or any other power generating unit. On average, the best 1 KW solar panel price ranges between Rs. 70,000 to Rs. 1.20,000 per KW, depending on the panels and the type of inverters you go for.

How big is a 1 KW solar panel?

There are certain solar panels in the market that can occupy 90% of the rooftop area and have a higher cost than others. As a rule of thumb, 1 KW capacity solar system can easily fit into a 10 square meter area. Also, this 1 KW solar panel generates around 1600 to 1700 KW of electricity per year. If you wish to know the best 1 KW solar panel price then you should consider its size and how much power it can generate. The space required for solar panels depends on the efficiency of the panels. More efficient panels require less space. A point of consideration here is that the space required is not just space per se, but it also has to be a shadow-free space so that the panels can be placed at the right inclination.

1 KW solar panels also come with the assurance of adequate maintenance and warranties. These panels come with a performance warranty of around 25 years from the date of supply. Also, an efficient and long-lasting system is the one that is maintained regularly and properly.

Subsidies on solar rooftop panels

If you wish to pay a reasonable 1 KW solar panel price, then you can also consider applying for subsidies. If you get a subsidy on the panel then the price will automatically go down. The process of application of subsidy is straightforward. You have to contact your State Nodal Agency and they will guide you further as to what to do. You can take help from your system integrator who can help you fill in all the details.

The subsidy is available only to the following categories-

  •  Residential- All kinds of residential buildings get subsidies.
  •  Institutional- Institutes like health care centers like hospitals, schools, educational institutes, R& D institutions, etc.
  •  Both government and central buildings.
  •  The social sector like community centers, old age homes, orphanages, and welfare centers.

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About Amit Sharma Innovator   Digital Markter

37 connections, 0 recommendations, 95 honor points.
Joined APSense since, March 11th, 2019, From gurgaon, India.

Created on Jan 16th 2020 04:03. Viewed 257 times.


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