Further, we will explore the many benefits of solar energy in this vibrant city.
Factors Affecting Solar Panel Prices in Visakhapatnam
When it comes to solar panel installation, the solar panel price can vary based on several factors.
Quality and Brand: With the ever-increasing cost of electricity, the decreasing solar panel price, and the Indian government's policy support, purchasing a solar PV system has become an attractive option for many people across the country.
The brand and quality of the solar panel can have a considerable impact on its price. In line with this goal, it's worth noting that there are both Indian and international brands of solar panels available in India.
While some international brands offer high-quality solar panels, if you're looking for a subsidy on your solar project, it's advisable to choose a brand made in India.
Top solar panel brands in India include Goldi, Rayzon and Satvik Green.
Capacity: The capacity refers to the amount of power a solar panel can generates. It is closely tied to the panel's efficiency, calculated as the ratio of the panel's capacity (in kilowatts peak, or KWp) to its size (in square meters), expressed as a percentage.
The higher the efficiency of a panel, the more power it can generate per unit area. However, this doesn't necessarily mean that a more efficient panel is always more expensive. The solar panel price depends on a combination of factors, including its brand, quality, and capacity.
For instance, a 1 KW rooftop solar panel will produce the same amount of power output regardless of whether it uses high or low-efficiency panels. However, the area occupied by the plant with low-efficiency panels will be greater than that of the plant with high-efficiency panels, but the power output remains the same.
Therefore, it's essential to consider the capacity and efficiency of the solar panel when assessing its price, but it's not the only factor to take into account.
Government Policies: The solar panel price has been a concern for homeowners and businesses looking to invest in clean energy. However, the government of Andhra Pradesh has taken several initiatives to make solar panel installation more accessible and affordable.
The state's solar policy aims to add a minimum of 5,000 MW of solar power capacity in the next five years, creating solar parks with the necessary infrastructure to attract developers and promoting dispersed generation to reduce network costs.
In order to encourage rooftop solar panel installation, the policy provides loans of up to ₹10 lakhs for residential consumers and offers incentives such as accelerated depreciation, tax holidays, and loans of up to Rs. 15 crores for industrial solar installations.
Residential consumers can avail of central financial assistance for installing grid-connected rooftop solar systems, with subsidies for 1kW is INR 14,588, and for 10kW subsidy price is fixed i.e. INR 94,822.
Andhra Pradesh's solar potential presents an attractive opportunity for solar developers, with plans to add 16,103 MW of clean energy capacity by the end of 2023 and 27,921 MW by 2029. The state's key industries, including agriculture, automobiles, IT, pharmaceuticals, and textiles, offer different segments for solar developers to explore.
For residential consumers, a solar solution of up to 30 kW is sufficient, while small and micro businesses may require up to 200 kW solar solutions. Big industries with high energy consumption can opt for solar solutions of 200 kW or more.
With these initiatives and opportunities, the government of Andhra Pradesh is making solar panel installation more accessible and affordable for its citizens while promoting sustainable development.
Type of Solar Panel: There are three types of solar systems available for installation in Visakhapatnam - Off Grid Solar Power System, On Grid Solar Power System, and Hybrid Solar System. The price of the solar system depends on its size and type.
An Off Grid Solar Power System is suitable for places with frequent power cuts or low voltage conditions, while an On Grid Solar Power System is connected to the Grid and is eligible for subsidies. A Hybrid Solar System is a combination of both.
The benefits of solar energy are not limited to cost savings but also include environmental and social benefits. One of the major benefits is that solar energy is a clean and renewable source of energy, which reduces carbon emissions and helps combat climate change.
Apart from these benefits, installing solar panels can also help reduce the dependency on traditional energy sources and create job opportunities in the local manufacturing industry.
With the government's initiatives and incentives, solar panel installation has become an attractive option for people in Visakhapatnam. By opting for solar energy, not only you can save electricity bills but also contribute to a cleaner and more sustainable future.
Why choose Solar Rooftop Systems from Freyr Energy?
The savvy benefits of solar energy only come in choosing solar rooftop systems from Freyr Energy:
- No. 1 Solar Company in Andhra Pradesh: Freyr Energy is a leading solar energy company in Andhra Pradesh, offering state-of-the-art solar solutions to residential, commercial, and industrial customers.
- Finance Options Available for Homes and Businesses: You can now invest in solar rooftop systems for your home or business without worrying about upfront costs.
- Local Presence for Personalized Service: Freyr Energy has a strong local presence in Visakhapatnam, enabling us to offer prompt and efficient services to our customers.
- Quality Products for Reliable Performance: Our solar panels are manufactured using the latest technology and are designed to withstand harsh weather conditions, ensuring long-term performance and reliability.
- Cost-Effective Solutions for Affordable Solar Energy: Choosing solar rooftop systems from Freyr Energy is a cost-effective solution to your energy needs.
- Expertise and Experience in Professional Installation: Our team of experts is well-equipped to handle all aspects of solar installation, from site assessment to system design and installation, ensuring a hassle-free experience for our customers.
Visakhapatnam has been leading the way in India's transition to sustainable energy. The city has already achieved remarkable progress in meeting its solar panel installation and solar power plant targets.
In addition, the Visakhapatnam Port has become the first in India to run entirely on solar power. The local government has also announced subsidies for solar rooftop plants, making it easier for homeowners to adopt solar energy.
With Freyr Energy's expert assistance, homeowners in Visakhapatnam can easily install solar panels on their rooftops and meet their sustainable energy needs. Freyr Energy's cost-effective solutions, quality products, and local presence make it an excellent choice for homeowners looking to transition to solar power. By utilizing solar panels for home, residents can not only save money on their electricity bills but also contribute to a greener future.