Chalk Out Your Solar Budget By Knowing Solar Inverter Price
by Amit Sharma Digital MarkterWith the increasing
population and technological advancement, world’s energy demand is on the rise.
In India, people are gradually moving in the direction of this energy option
because of the benefits that solar panels offer. Switching to solar can be a
useful decision but having a thorough knowledge beforehand will be a smart
move. Solar inverter is one of the most vital components of a solar energy
system and you must know about the factors that affect the solar inverter
price.
Like other renewable
sources of energy, solar energy is an abundant, clean and promising energy
source that will meet your energy needs. Across the globe, solar sector is
developing towards providing an environmental-friendly source of power
generation to manage the energy crisis. Conventional sources of energy such as
coal, fossil, and petroleum are on the verge of ending so people are switching
to solar.
Let’s now read about
the factors that affect solar inverter price:
Type of solar panel
system
There are mainly two
types of solar panel system - on grid and off grid. The off grid solar panels
are ideal for people living in such an area where frequent power cuts happen
whereas on grid solar panels are used in areas with lesser power cut issues.
Off grid solar inverters are independent of grid electricity and they are
fitted with a battery system for providing backup. Due to this reason these
inverters are costlier than an on-grid inverter where no battery backup is
stored.
Size of
installation
The second crucial
factor altering the solar inverter price is the area in which the
installation is taking place. Today, with the popularity and benefits of solar
devices, households, schools, hospitals, public places, shopping malls, etc.,
are installing solar panels. A bigger size of installation means a higher price
while a smaller size will cost you less. Considering this factor, the prices
are variable for different consumers and one cannot always get a concrete
answer for the price of a solar inverter.
Manufacturer of the
device
There are various
manufacturers in the market who have been catering their services since the
introduction of solar energy in India while some are startups. So based on
different manufacturers, the price of a solar inverter will also fluctuate.
However, a higher price doesn’t always guarantee efficiency or a long life and
vice versa. You must choose from a manufacturer that holds a decent experience
in this industry of many years. Browsing through the products’ list of Genus
India will be helpful in choosing a solar inverter or any other solar asset.
Add-on features
With the increasing
demands of solar powered items and advancement in technology, many
manufacturers are keeping up with the cutting edge of technology. Hybrid solar
inverters are one such inverter that feature combined properties of on grid as
well as off grid solar inverters, hence the name hybrid. These types of
inverters cater to the needs of all type customers, and therefore, they are
expensive than the earlier mentioned inverters.
Also Read: Why you should Choose Solar Power for Schools?
Apart from the
mentioned factors, warranty period, efficiency and lifespan are some of the
other factors that affect the solar inverter price.
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Created on Aug 27th 2020 09:58. Viewed 376 times.