For homeowners in Mayiladuthurai who want to reduce their carbon footprint and save some money on electricity, switching to solar energy is a smart move. The installation of solar panels can be very efficient and cost-effective due to the abundant sunlight available in Tamil Nadu. Let us break down the costs involved in setting up a solar panel system in Mayiladuthurai.
Initial Costs:
The main expense of installing a solar panel system is the initial cost of purchase. The price of solar panels has dropped significantly over time thus making it affordable for most households. In Mayiladuthurai, an average 1 kW solar panel system would cost between ₹50,000-₹70,000. This includes not only the panels themselves but also inverters, mounting structures, wiring and installation.
Types of Solar Panels:
The price may change depending on the kind of solar panels you decide to buy. Monocrystalline panels are more expensive than others because they have higher efficiency rates and are designed beautifully; they go for about ₹60,000-₹80,000 per kW. Meanwhile polycrystalline panels which are slightly less efficient but cheaper range from ₹50,000 to ₹65,000 per kW.
Installation and Labor Costs:
Installation costs make up a large portion of the overall expenses incurred in this regard. Professional installers ensure that the system is installed right and safe during setup process itself . In Mayiladuthurai these charges can vary from say ₹10,000 – ₹20,000 depending upon complexity of installation and provider selected.
4.Government Subsidies And Incentives:
Indian government provides different subsidies as well as incentives towards encouraging adoption of solar energy sources into its power generation mix.Under Ministry Of New And Renewable Energy (MNRE) scheme you could obtain upto 30% subsidy on benchmark cost of solar panel system.This will go a long way towards reducing your initial investment.
Maintenance Costs:
Solar panels are known to require minimal maintenance and this is one of their advantages as compared to other energy sources. Regular cleaning and checkups can enable them to work optimally. In Mayiladuthurai, the annual maintenance costs usually range between ₹2,000 – ₹5,000.
6.Long-Term Savings:
Despite the initial costs, investment in solar panels can yield significant long-term savings. The saving on electricity bills could be substantial if you reduce reliance on the power grid. Over 25 years of system lifetime, the energy savings would outweigh the initial cost outlay.
In while it may seem expensive to install a solar panel system in Mayiladuthurai initially; however, the long-term benefits, government subsidies and high solar potential in this region make it a worthy investment. Apart from being economical engaging in use of solar energy helps to keep our planet cleaner for future generations by ensuring sustainable living practices are observed.