Solar Panel

Cost of Solar Panels in India 2023

August 18, 2023 admin Solar Panel No comments

Table of Contents

In a world where energy costs seem to perpetually rise, there’s a glimmer of hope on the horizon – solar panels. They hold the promise of sustainable power, reduced bills, and a cleaner environment. But the first question on everyone’s mind is, “What is the cost of solar panels in India?” Join us as we delve into the intricacies of solar panel expenses in India and know how solar panels really work.

Components of Solar Energy

Solar Energy consists of 4 main components that make the solar panels work:

Solar Panels
Solar Battery
Solar Inverter
Solar Inverter
Stand for Solar Panels
Other necessary accessories

Types of Solar Panels System

Solar Panel System with Battery (Off-Grid System)
Solar Panel System without Battery (On-Grid System)

Types of Solar Panels

Polycrystalline Solar Panels: Traditional & Cost-effective Solar Panels
Mono Crystalline Solar Panels: Highly-advanced, space saving and aesthetic solar panels available in India
Thin-Film Solar Panels : Relatively low-cost and short span solar panels

How to Find the Best Solar Panels for your home and workspace?

Solar Panel Capacity

A crucial factor influencing solar panel costs is their capacity, typically measured in watts. Higher-capacity panels generate more electricity but can be costlier upfront. It’s essential to strike a balance between capacity and budget to ensure your system meets your energy needs.

Pick the Best Brand for Solar Panels in india

The quality and brand of solar panels play a significant role in their pricing. Investing in high-quality panels from reputable manufacturers can result in better long-term performance and durability. While these panels may come with a higher initial cost, they often prove to be more cost-effective in the long run due to their reliability.

Certification & Licences

When purchasing solar panels in India, always look for the ones enlisted in ALMM (Approved List of Models & Manufacturers) and BIS Certified that are the ultimate marks of trust.

Average Cost of Solar Panels in India

Solar panels cost in India begins at Rs 40,000 and can vary as per the quality, capacity, brand and installation dynamics.

Following are some factors affecting the cost of solar panels in India

Type of Solar Panel: The choice between monocrystalline, polycrystalline, or thin-film panels can impact the price. Monocrystalline panels are generally more efficient but costlier.

Panel Capacity: Panels with higher wattage or capacity tend to be more expensive. Consider your energy needs when selecting panel capacity.

Quality and Brand: High-quality panels from reputable brands may come with a higher upfront cost but often offer better long-term performance and warranties.

Installation Costs: Professional installation by certified technicians adds to the overall expense. Proper installation ensures safety and system efficiency.

Government Incentives: Government incentives, such as subsidies, tax credits, and rebates, can significantly reduce the cost of solar panel installations.

Location and Sunlight: The geographical location and local sunlight availability can affect the efficiency of your solar panels, which can influence your overall return on investment.

Maintenance and Operational Costs: Although solar panels have low maintenance requirements, long-term operational costs, including cleaning and potential repairs, should be considered.

Financing Options: The method of financing, whether through loans, leases, or power purchase agreements (PPAs), can impact the overall cost structure of your solar panel system.

Aesthetic Considerations: If you opt for aesthetically customised solar panels or integration into architectural designs, it can increase costs.

Conclusion

Solar Energy System installation is a very important process and it is beneficial only when done by the experts. IB Solar provides you complete professional assistance for installation of your Solar Energy System. If you are looking to install a solar panel, contact a experienced installer to ensure a long life for your long life to your solar panel. IB Solar provides a number of Solar Energy Systems with a wide variety of products. For proper Installation of Solar energy system, it is necessary to contact a experienced installer and get all the necessary products.

How Businesses can take ESG Approach by Going Solar?

August 16, 2023 admin Solar Panel No comments

In today’s ever-evolving financial landscape, investors are no longer solely focused on financial returns. There’s a growing interest in Environmental, Social, and Governance (ESG) factors. These criteria, encompassing a company’s commitment to sustainability, ethical practices, and responsible management, have become crucial considerations for investors seeking both financial gains and a positive impact on the world. This blog aims to provide a comprehensive overview of ESG, its components, and its significance in contemporary investing.

Types of Environmental, Social, and Governance (ESG) Criteria:

Environmental:

The environmental aspect of ESG assesses a company’s environmental policies, energy consumption, waste management, pollution control, and efforts to conserve natural resources. It also scrutinizes how a company deals with environmental risks and compliance with regulations, including emissions management and toxic waste handling.

Social:

Social criteria delve into a company’s relationships with its stakeholders and its impact on society. This includes evaluating employee well-being, community engagement, and corporate philanthropy. Investors appreciate companies that actively contribute to the welfare of the communities they operate in.

Governance:

Governance in ESG examines a company’s corporate governance practices, transparency, and accountability. It assesses the integrity of executives and board members, their diversity, and their commitment to impartial decision-making. A strong governance structure ensures that a company is managed responsibly and ethically.

Pros and Cons of Environmental, Social, and Governance (ESG) Criteria:

ESG criteria have evolved beyond mere social consciousness. They have become tools for investors to identify companies committed to social responsibility and accountability. While some investors may have initially thought of ESG as a financial sacrifice, it has increasingly been recognized as a way to invest in responsible and sustainable businesses.

How Businesses Can Implement an ESG Approach:

In India, the Companies Act of 2013 made Corporate Social Responsibility (CSR) reporting and spending mandatory, marking a significant step toward sustainability. Additionally, SEBI introduced the Business Responsibility and Sustainability Report (BRSR) for the top 1,000 listed companies. This initiative promotes ESG disclosures, addressing significant ESG opportunities, risks, financial impacts, and risk management. India’s efforts to establish a robust ESG framework align with global trends.

There are five guiding principles that can help businesses excel in their ESG initiatives:

Go Beyond Environment: Extend ESG efforts beyond environmental concerns to encompass social and governance aspects.
Develop Tools for ESG Data Management: Implement data management systems to effectively track and report ESG performance.
Prepare for ESG Reporting: Be ready to meet ESG reporting requirements, both mandatory and voluntary.
Measure and Manage Emissions: Focus on emission measurement and management to reduce environmental impact.
Use ESG Communication for Business Edge: Effectively communicate ESG efforts to gain a competitive advantage.

In an era where environmental, social, and governance (ESG) principles are taking center stage in investment decisions, the adoption of solar energy emerges as a powerful means to achieve these targets. Solar businesses exemplify a commitment to the environment through clean energy production, contribute to social well-being by creating local jobs and supporting communities, and demonstrate strong governance by adhering to responsible management practices. By harnessing the power of the sun, businesses not only enhance their financial prospects but also play an active role in making the world cleaner and greener. The path to a sustainable future begins with a single, responsible choice, and solar energy offers a shining beacon towards that brighter tomorrow.

Factors Affecting Solar Generation & your Savings

July 12, 2023 admin Solar Panel No comments

Over the past few years, solar panel power generation efficiency has grown tremendously and adopting solar has become a very profitable investment.

But the actual power generation and savings from your solar system depend on many factors, all of which one needs to consider while analysing the claims regarding the system’s efficiency, savings, and long-term benefits. A lot of individuals don’t know what influences the output of a solar power system.

At IB Solar, we always strive to educate our customers and help them make a truly informed decision when it comes to installing a solar system. Let’s delve into detail about the major factors that drive and affect solar energy output today. By being aware of these aspects, you will be able to make better purchasing judgments.

Weather condition

Many of us mistakenly believe that higher temperatures equate to better solar panel performance, but this is simply not true. High temperatures cause a drop in voltage and a reduction in overall power because solar cells have negative temperature coefficient. Even though solar panels are kept at a constant temperature of 25° C, the actual outdoor temperature can be much higher or lower than that.

Consequently, if the temperature goes above 25 °C, the output of 0.4-0.5% for crystalline cells, respectively. Summer days can frequently reach higher temperatures, which means that solar panels will produce up to 25% less power than they would at lower temperatures.

There are other points to consider as well. Solar panels remain exposed to wind and lightning for a lengthy time, causing the solar cell to suffer. The photoelectric conversion efficiency of solar panels can be affected by a variety of environmental elements, including light, wind, temperature, and others. Some of these factors may even harm the solar panels’ functions and structures. When designing a solar power system, it is essential to gather all of the relevant meteorological and environmental data.

Shading

The solar system’s ability to generate electricity will be reduced if the solar panel is covered by full or partial shading. The shading of the building to the solar panels and the self-shading between solar panels must be taken into account while determining the spacing of the solar panel arrays.

The current flow in a solar power system is influenced by the shading of solar cells since the cells in a solar panel are wired in series. All other panels will be affected by the partial shade of one panel if that panel is wired in series (as in a string). If possible, avoid installing solar panels in shaded area to mitigate this problem.

Location

The amount of annual sunshine varies from place to place. In developing a cost-effective solar array for your use, determining the amount of solar radiation received at your site’s location can be determined by the data of latitude, longitude, time and local weather.

Your solar panel’s output will fluctuate seasonally, so remember to include it in annual production.

Roof orientation

The solar panels’ inclination should be actively modified in response to seasonal, latitude/longitude, and daylight-saving-time shifts. It must face the sun in the proper direction if you want to get the most out of your solar panels. Positioning your solar panels on a roof facing true south, and at a tilt angle as per requirement , will yield the best results in terms of energy production and savings. Solar panels produce the most electricity when placed exactly perpendicular to the sun: in many cases this angle equals the latitude at which you live.

Panel’s cleanliness

Photoelectric power conversion is directly related to the cleanliness of solar panel surfaces. Rainfall, snow, dust, and sandstorms, to name a few environmental conditions, can reduce the effectiveness of solar modules, thus they should be cleaned regularly.

It depends on the location of solar plant and the type of dust which is accumulated on the modules. Accumulation of dust particles on solar PV systems blocks the sunlight and hence reduces its power to a large extent. Dust from different fields such as constructional sites, agricultural land and industrial areas will affect solar systems. It is best to clean the solar panels once every two weeks, however the frequency of cleaning depend on many factors.

Considering all these factors, we must bear in mind that even the most efficient solar panels can be adversely affected by environmental conditions, even with an adequate design, if the aforementioned considerations are not addressed. Saving money on your utility bills is one of the primary reasons you’ve chosen to go solar. Hence, we at IB Solar, help you address all these factors in the right manner and optimise the output of your solar system.

How Many Solar Panels Are Enough For My Home

October 6, 2022 admin Solar Panel No comments

Finding the ideal number of solar panels for your home becomes a concern once you’ve decided to purchase a solar panel system. More panels will be a waste of money, while fewer numbers won’t provide enough profit. Therefore, deciding on the appropriate amount of solar panels is a crucial first step in going green. The right amount for your house depends on a variety of criteria, including the geography and the location of your home. This blog is focused on explaining it:

Factors Influencing The Number Of Solar Panels

You must consider a few factors that influence the number of solar panels for your house before purchasing it.

Electricity Bill

First thing is to check your monthly as well as yearly electricity bills. There you can find out your monthly electricity consumption. Take out its average and the data will give you an idea about how much electric energy you will require for a month or a whole year.

Consider The Future Changes

You may require more power in the future due to an increase in family size, or electric appliances or you simply are shifting to a bigger location. Therefore, you need to consider all these factors as well that can significantly increase your power consumption.

Power Consumption Per Day

You need to know the daily power requirements to know the right number of solar panels for your house. You can calculate it with the help of your average monthly electricity consumption. Simply, divide the value by 30 and you’ll get your daily power consumption.

Sun Hour

A peak sun hour is a period when light intensity reaches 1,000 watts per square meter. You may experience 6 to 8 hours of sunlight, but the peak sun hours may be around 4. Peak sun hours are not the same as “hours of sunlight.”

Sun hours in India range from 3 to 5 hours, with an average of 4 hours for the majority of locations.

Roof Size

Knowing your roof size makes sense if you are planning for installing solar panels on your house terrace. A single panel takes about 17.5 square feet. Now, you can calculate the number of solar panels that will fit on your roof and whether it will be sufficient for you or not.

Solar Panel Efficiency

It refers to the amount of sun’s radiation that will be converted into electric energy. It varies with the different types of solar panels. So, for producing the same amount of power, two solar panels with different efficiency will require different times. If you have a smaller roof size, then you may go for a higher solar panel efficiency. However, these panels will cost you more than a solar panel with less efficiency.

Solar Panel Size

You can now easily calculate the size of your solar panel system. All you have to do is to divide your average monthly power consumption by the sun hour of 30 days. For instance, if your average power consumption per month is 1000kW and the sun hour per day is 5.5 hours, then you will require a solar panel system of 6.06 kW. It means that this system will produce 6.06 kW of power for every sun hour. So, the power generated in the entire day will be 33.33 kW.

Calculate The Number Of Panels

Now, that you have all the required data, you can calculate the number of panels that will be sufficient for your energy requirements.

The first thing is to convert your solar panel size into watts by multiplying the number by 1000. The next step is to decide on the efficiency of the solar system you wanted to buy. Then you need to divide the solar panel size (in Watts) by the efficiency. The result will be the number of panels you require for your house.

Too much math? To get the answer without much ado hop on a call with our experts to book a Free site visit!

Do Solar Panels Work During the Rainy Weather?

August 18, 2022 admin Solar Panel No comments

Yes, it’s true that panels work the best on sunny days but do you think they shut down during the rains? Absolutely, not! There are variants of rooftop solar that keep up with their efficiency even during rainy days.

This article will walk you through how Solar Panels work during rainy weather and other unfavorable climate conditions.

How Do Solar Panels Function?

Solar panels are made up of several photovoltaic (PV) cells which capture the sun’s radiation. In reaction to an internal electric field within the cell, this radiation generates electrical charges that transfer, allowing electricity to flow.

How Do They Work In Unfavorable Conditions?

Even though the panels are constructed from sturdy material resistant to harsh weather conditions, including extremely hot and cold situations, the ideal operating range of solar panels is 15 to 35 °C. You may be a little surprised to know that the panels don’t really require heat for generating electricity, they only need light or radiation for that purpose. Therefore, it does not matter much whether the conditions are snowy or rainy. Your solar panels will operate without issue as long as there is light in the environment.

Solar Panels During Rainy Weather

There are regions of India that receive some of the most annual precipitation in the world, and it rains there for more than a month. During such weather conditions, solar panels will still be able to collect enough solar radiation if it isn’t entirely dark and the sunlight is still shrouded in the clouds to produce power. They will generate between 10 and 20 percent of their maximum capacity electricity. Therefore, making them functional even during monsoons.

Which Solar System is best for rain-prone areas?

Solar rooftop systems come in multiple variants with different levels of agility and suitability. The three main types of solar systems are:

On-Grid Solar System
Off-Grid Solar System
Hybrid Solar systems, however, the best panels for the monsoon are hybrid Solar Panel systems, also known as weather solar systems. But how do solar panels work during rainy weather?

Hybrid Solar Panel System

A panel that can yield energy from rainfall has been recently invented, allowing power to be produced even when the sun goes down or the sky is cloudy. A solar photovoltaic (PV) cell is covered with two clear polymer layers by the apparatus. Raindrops that land on the layers and slide off due to friction produce a charge of static electricity. Researchers have created a novel method to create raindrop solar cells useful to greatly increase the electricity output of rainwater.

How Does Hybrid Technology Work?

The researchers developed an architecture that combines perovskite solar cells and MoO3/top electrode (MT-TENG) to build an efficient raindrop solar cell that is sufficient for not only improving the water droplet power harvesting but also preventing the decrease of solar cell effectiveness. So, this is how solar panels work during rainy weather.

Conclusion

These hybrid solar panel technologies are not yet suitable for usage in homes and businesses. Scientists still have to figure out how to increase the efficiency of sunlight and rain. So, you might have to wait before you get your hands on these panels. However, there are multiple solar panel systems available that work just fine during monsoon season. Moreover, long-term usage of the technologies does give you advantages. If you are interested in purchasing them for your place then consider doing it from IB Solar for the best experience.

Book your site visit today for a hybrid Solar Panel System

https://www.ibsolar.co.in/