Nov - Dec-2024 1 Kw Solar Panel Installation Cost

Solar Project Capacity

System Size	Energy/Unit Generation	System Cost Rs	Govt Subsidy Rs
1 kWp Solar	4 Units Per Day	70,000 /-	30,000 /-
2 kWp Solar	8 Units Per Day	1,20,000 /-	60,000 /-
3 kWp Solar	12 Units Per Day	1,80,000 /-	78,000 /-

Solar energy can reduce electricity bills

Generating your own power: generate electricity from sunlight, reducing your reliance on the power grid
Government incentives: Government incentives can help reduce the initial investment
Net metering: With a net metering system, you can sell any surplus energy
Protecting against price fluctuations: Solar energy can help protect your budget from unpredictable power price fluctuations.
Save Money on Electricity Bills: you can cut down on how much you rely on regular electricity from the grid

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Solar panel trends and technologies for 2024-25

In recent decades, solar panel technology has evolved significantly, allowing for remarkable innovation. Advances include greater solar cell efficiency, the introduction of new and more abundant materials, advancements in manufacturing techniques, and flexible designs.
Today, solar panel technology has advanced to the point where panels now achieve conversion efficiencies exceeding 20% or even 25%. This means that solar photovoltaic (PV) systems can convert nearly a quarter of the sunlight they receive into clean, renewable energy.

Monocrystalline solar panels

These panels are known to be the most efficient in standard test conditions, with an efficiency of 22-27%. They are dark in color and have rounded edges.

Bifacial solar panels

These panels capture sunlight from both sides, which increases energy production.

Perovskite solar cells

These cells are a promising alternative to silicon-based cells, with lab efficiencies surpassing 33%.

Differences between DCR and non-DCR solar panels

DCR panels meet the Domestic Content Requirement (DCR) policy, while non-DCR panels do not.DCR panels are made domestically, while non-DCR panels are usually imported.

Project eligibility

DCR panels are often used in government projects and incentives, while non-DCR panels are more common in the private sector.

Benefits

DCR panels support local manufacturing and the domestic solar industry, while non-DCR panels may be more cost-effective and offer more flexibility.

The choice between DCR and non-DCR solar panels depends on several factors, including: government policies, project requirements, budget constraints, and long-term energy goals.

You can use a QR code to check the DCR certificate on-site. Once claimed, a DCR cannot be reclaimed.

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