Installing a 500 watt solar panel is beneficial in many ways for the installer. These panels are usually made using half-cut monocrystalline cells. Additionally, 500 watts are made with either five 100 watt solar panels or two 250 watt panels, depending on several altering situations. Although the wattage distribution might not be equivalent to having a larger system like 1kw, 2kw and so on, the net benefit remains higher in terms of monetary means, ecology and maintenance means. With solar power getting relevant of late, let us check the in-depth details of 500 watt solar panel price, the benefits of installing the same, and the subsidies available for the taking.    

Benefits of Installing a 500 Watt Solar Panel

Solar panels are beneficial for residents, who believe in long-term savings as their main goal. This is a reason which drives the intent of installing panels and that comes with a very affordable price tag. 500 watt solar panel price in India is a lot more pocket friendly and delivers power to most of the residential devices.

Without further ado, let us check some other reasons on why to install a 500 watt solar panel:

·         Smaller size, optimum output: A 500 watt solar module is known for occupying less space. This is particularly suitable for houses, which have space constraints as a major talking point. Only around 28 square feet is the size it takes to install a 500w panel, and this turns the table in favour of the buyers.

·         More energy with power batteries: Solar power 500 watts with a battery can power basic households with appliances that consume less power. This also gives power stability to houses to depend fully on solar panels, while eliminating the use case of grid-based power.

·         Sublime durability and ROI: Durability factor is common for all solar panels. This is what justifies the 500 watt solar panel price for the buyers as the ROI is less than 3 years. An average solar power delivers power performance for over 2 decades, which saves a ton of money for the installers on an annual basis.

·         Maintenance factor: One more reason that justifies the 500 watt solar panel price for the buyers is the lesser expenditure on maintenance. With most of the solar panels coming with a service warranty provided by the installing company, the annual maintenance is taken care of.

500 Watts Solar Panels Price

A 500 watt solar panel price in India is determined with several factors assessed. However, the main factor that determines is the type of solar panel a person might request. With monocrystalline panels offering the most optimum and justifying the solar panel price 500 watt, a polycrystalline panel variant offers good performance for a more affordable rate. However, with bifacial panels gaining relevancy, these panels assure comprehensive performance.

The Bifacial panels are the most expensive of the lot, followed by the monocrystalline panels and finally the polycrystalline panels.

Another factor that determines 500 watt solar panel price is the cost of installation, power batteries and grids.

500W Solar Module Subsidy

Thanks to the government’s recent initiatives on providing subsidies, this has reduced the initial cost of installing a solar panel for any individual resident today. The PM Surya Ghar Muft Bijli Yojana assures subsidies that assure 500 watt solar panel price to be more affordable for the installer.