Chalk Out Your Solar Budget By Knowing Solar Inverter Price

by Amit Sharma Digital Markter

With 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.

solar inverter battery

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.