Are you thinking of installing a solar panel in Bangalore but don’t know how much it will cost? Here, we will look at the cost of installing a solar panel in Bangalore and provide you with all the information that you need to make an informed choice.
Types of Solar Panels:
There are different types of solar panels available in the market each having their own characteristics and prices. The mostly used types in Bangalore are monocrystalline, polycrystalline and thin-film solar panels. Efficiency, size, durability are some of other factors that determine the type of these types.
Cost of Solar Panels:
The cost of solar panels in Bangalore can range from Rs 25,000 to Rs 50,000 per kilowatt (kW). For a typical domestic consumer equipped with an average residential system right here in Bangalore one may spend around shs100000-500000 for as long as it is situated on its roof.
Installation Costs:
Apart from the price you pay for your solar panels themselves you have to think about installation costs too. A system installed locally by professional installers may be going for around Rs20000-10000/kw depending on factors such as complexity and location among others.
Government Subsidies and Incentives:
Different subsidies and incentives are offered by the government to promote the use of solar energy. Karnataka Solar Policy provides financial support for homeowners who want to install rooftop solar panels under which home owners from Bangalore can also benefit from subsidies given by Indian government. Furthermore, through net metering any excess power produced by PV systems belonging to householders can be sold back to grid lines within India’s largest IT hub city
Return on Investment:
At first glance, getting a photovoltaic solution installed at home might seem expensive however it is important that we consider long term benefits associated with this technology including reducing electricity bills and sometimes even selling surplus energy. For instance in the case of homeowners in Bangalore, it takes between three to seven years for them to recover their investments made on solar panels.
Generally, installing a solar panel system in Bangalore is an intelligent decision that will help you save money, reduce your carbon footprint and contribute towards a greener future. If you are thinking about installing a solar panel system in Bangalore, do some research, get quotes from different companies and make use of the government’s support programs.