What is the new price of net solar panels after changes in the country’s net metering regulations? The details are as follows.
According to details, there is good news for solar consumers as, after a significant change in the net metering policy, solar panel prices are decreasing, with a reduction of up to 175,000 rupees. After amendments in the government’s net metering policy, changes have emerged in the local solar market, and solar panel prices have started to decline, benefiting consumers investing in renewable energy.
Net Metering Policy: Is It a Plan to Keep People Away from Solar Panels? If we talk in terms of the market, the cost of installing a solar system has decreased by 35,000 rupees to 175,000 rupees.
At present, an estimated 5-kilowatt solar system costs between 500,000 to 550,000 rupees, while the price of a 7-kilowatt system is around 600,000 rupees.
Moreover, the price of a 10-kilowatt system is currently above 800,000 rupees, while 12 to 15-kilowatt systems cost more than 1.2 million rupees.
