Electricity tariffs in Punjab are high varying from ₹4.99/kWh to ₹7.30/kWh. With a high per capita consumption of 2046 kWh (data from 2018-2019) in the state of Punjab, demand for electricity is continuously rising. Amritsar is no exception in terms of energy usage. Cooling loads in hot summers and heating loads in cool winters lead to a high energy requirement in the city year round. Amritsar has lots of opportunities to transform into a sustainable and smart city.
There are already many examples leading the way. A solar cooking system is used to generate steam for langar cooking in Golden Temple, Amritsar. Also, the 11.5MW solar installation at Radha Swami Sect at Beas, Amritsar, is one of the largest rooftop installations in the world.
Now is the best time to go solar for your energy needs as solar assures a fast payback and energy independence in times of high demand and rising energy prices. At Freyr Energy, we have various financing options to help you go solar at minimal upfront cost.
Punjab – The state of five rivers has immense solar potential. Lying on the same geography as Haryana, Punjab experiences 230 to 300 sunny days in a year. That gives enough sunny hours per year for anyone based in the state to generate electricity from solar for all their power needs. The state gets on average 4-7 kWh per square meter of solar energy which is higher than the average.
How solar system is a profitable investment in Punjab?
In Punjab, electricity tariffs have followed an upward trend. According to media reports in January 2021, Punjab State Power Corporation Limited filed a petition with the power of State regulators seeking an 18% increase in electricity tariffs for consumers in the state. We expect the increase will likely be announced in the coming months of April 2021. If this happens, solar will be even more lucrative. The high electricity tariffs make installing solar and generating your own electricity a good investment.
The solar system in Punjab can pay for itself in 3-4 years. Once the solar system pays for itself, it can generate more electricity for 25 years.
Furthermore, the Solar system takes minimal space as a 1kW system can be installed in 80 sq ft. of shadow-free space and can save up to 80-90% of your electricity bill. The electricity prices from the grid will continuously rise in the future and solar system in Amritsar will generate electricity at the same rate for the next 25 years.
With the knowledge of climate change and the after-effects of greenhouse gases generated by using fossil fuels for energy generation has given an immediate requirement to adapt to more sustainable technologies.
To improve the affordability of Solar, We at Freyr Energy have tied up with NBFCs (Non-banking financial companies) to provide various financing options for you. You can now choose solar without worrying about the high upfront cost. You can get a collateral-free loan with little to no upfront cost and we at Freyr Energy can help you with it. This even becomes more profitable when you can make extra money over your monthly savings of ₹690 from a 3kW solar system and ₹778 from a 5kW solar system and more with larger system sizes.
Freyr Energy has already established itself in the Punjab market with 1200 kW of solar systems across Punjab. FreyrEnergy has also solarised 69 police stations across the state.
Frequently Asked Questions
Punjab has witnessed a steady rise in grid power prices. Residents who have solar system in Amritsar for residential usage have reduced their monthly electricity bills off the grid by half.
The solar potential in Punjab is immense, with a range of 230-300 sunny days every year. The total sunny hours have the potential to generate energy of 4–7 kWh per sq. meter of solar energy, which is higher than average.
Here is why solar panel Amritsar installation is a profitable venture:
- Price immunity from rise in grid tariffs
- Great solar potential of 230–300 days annually
- ROI of 3-4 years and the system can generate optimal power for the next 25 years
- Conserves minimal space of 80 sq.ft for a 1 kW system and can save up to 80-90% of the electricity bills.
To reduce the initial solar panel for home price in Amritsar, at Freyr Energy, we have tie-ups with NBFCs, who provide a plethora of financing options for you. These are collateral-free loans with no upfront cost.
Having a Solar panel in Amritsar contributes to saving a large chunk of money for different size capacity panels installed. On average, INR 2800 per month is saved for a system of 3 kW capacity while INR 4700 per month is saved for a 5 kW system.
Here are the pricing charts of solar panels in Amritsar, including:
Solar System Size Estimated Price Range
1kW Solar System Rs.75,000-Rs.85,000
2kW Solar System Rs.1,50,000-Rs.1,70,000
3kW Solar System Rs.1,89,000-Rs. 2,15,000
4kW Solar System Rs.2,52,000-Rs.2,85,600
5kW Solar System Rs.3,15,000-Rs.3,57,000
6kW Solar System Rs.3,72,000-Rs.4,26,000
8kW Solar System Rs.4,64,000-Rs.5,28,000
10kW Solar System Rs. 5,30,000-Rs. 6,10,000
Yes. You can most certainly have a solar panel for your home in Amritsar. The net savings using solar panels can last for over 25 years.
Solar panels in Amritsar allow you to save hefty monthly on power bills. Additionally, solar panels reduce pollution and greenhouse effects in the ecosystem, allowing you to give it back to nature.