There are numerous models and types on the market that a corporation can use, including:
Bifacial Solar Panels:
These are known to be the most energy-efficient of the lot. The cost to outfit a 3 kW solar panel ranges from 37 to 52 INR per watt, or roughly Rs. 200000.
Monocrystalline Solar Panels:
These are also among the most cost-effective solutions, with prices per watt ranging from 43 to 63 INR. A 3kW solar panel installation will run an organization between Rs. 250000 and Rs. 350000.
Polycrystalline Solar Panels:
A 5kW solar panel system can be outfitted for as little as Rs. 290000, despite polycrystalline solar panels being a less energy-efficient option (in comparison to the other options offered).
In India, the cost of a solar park installation averages at Rs. 7 per watt. The following quotation can be summed up as follows:
| System Size | Cost Per Watt (in Rs.) |
| 1kW | Rs.7000 |
| 2kW | Rs.14000 |
| 3kW | Rs.21000 |
| 4kW | Rs.28000 |
| 5kW | Rs.35000 |
| 6kW | Rs.42000 |
| 7kW | Rs.49000 |
| 8kW | Rs.56000 |
| 9kW | Rs.63000 |
| 10kW | Rs.70000 |
Additional Charges
Additionally, the consumers have to pay fees for the installation process. For the internal wiring connection, prices range from Rs. 1500 to Rs. 2000. Another possibility is an Annual Maintenance Contract (AMC), which costs Rs. 1000 per kilowatt yearly.
Conclusion
When done properly, the solar park installation is quite advantageous. For an accurate budget analysis, you need to consider every aspect of installation implementation. You should carry out the required inspections, conduct shadow analysis (where engineers come to your site to ascertain how much sunlight your envisioned solar installation area will end up receiving), and carry out several calculations, including the number of panels necessary, and the effectiveness of the panels, etc. These will provide you with an accurate approximation of the costs you will incur.
