Due to the increase in the cost of electricity in the country, there has been a surprising increase in the installation of solar systems.
The main reason for the cost of installing an expert solar system is the price of batteries and inverters that are imported into the country. There was no significant decrease. The two main types of batteries commonly used in solar systems are tubular and lithium-ion.
The manufacturing of solar panels, the Chinese solar company has signed an agreement with the government of Punjab
Traders say that the price of tubular batteries varies from 42 thousand rupees to 68 thousand rupees, while the prices of different companies can also go from 44 thousand rupees to 68 thousand rupees.
The new lithium-ion technology lasts longer than tubular batteries and looks more modern. The price of the 48 volt lithium battery is from 2 lakh 20 thousand rupees to 5 lakh rupees, while the price of the 48 volt battery of the Narada company is about 4 lakh 80 thousand rupees.
It should be noted that the price of solar panels per watt varies from Rs 30 to Rs. In April this year, the price of the solar panel per watt was 39 to 40 rupees, in May this price reached 37 rupees per watt, which was the lowest level in the last two years.
Additional supply of solar panels in the market and fall in international prices have also reduced prices. According to the data, the 180 watt panel that was available for 15 thousand is now available for only 5 and a half thousand.
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The Punjab government has concluded an agreement with a Chinese solar company to manufacture and set up a solar panel assembly plant in the province. With the support of the Special Investment Facilitation Council (SIFC), an agreement has been reached between the Chinese solar company and the provincial government to set up a solar panel manufacturing and assembly plant in Punjab.
(Except translation, this story has not been edited by pipanews staff and is published from a syndicated feed.)
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