For their home’s electricity demands, many have started looking into solar options like solar systems, solar panels, solar inverters, and even batteries for a variety of reasons. Once you’re sure you want to install a solar panel system, you can research the solar panel, battery or inverter’s cost and general operation. This article is helpful if you are just learning about our solar system.
It is true that solar panels can be used to charge an EV. In fact, charging an electric vehicle using solar energy is a fantastic way to lessen your impact on the environment and your wallet.
Installing a solar panel system on your property, usually on your roof or in your yard, is required to charge an EV using solar energy. Solar panels could charge your electric vehicle’s battery or supply power directly to its charging connection during the day.
A solar panel system’s output is proportional to its size, its position, and the amount of sunrays it receives, among other parameters. The amount of energy that can be generated and stored can also be affected by the efficiency of the solar panel system and the EV’s battery and charging mechanism.
Despite these drawbacks, charging an EV with solar panels is a great method to cut down on your use of fossil fuels and your impact on the environment. It also enables you to harness the sun’s renewable energy for no cost.
Prices of Solar inverter and Solar battery required for EV charging
Average Solar Inverter Price
Depending on its power output, efficiency, and other characteristics, solar inverter price in India can be anywhere from about Rs. 4,000 to Rs. 1,00,000.
It’s worth noting that costs can vary depending on the specific product, store, and geographic region.
Average Solar Battery Price
Solar batteries in India can cost anything from a few thousand rupees to thirty thousand or more, with the price often falling somewhere in the middle.
Commonly employed in solar power systems, lead-acid batteries can cost anywhere from Rs. 6,000 to Rs. 20,000, depending on their size and manufacturer. Prices for lithium-ion batteries can run anywhere from roughly Rs. 20,000 to Rs. 30,000 or more, but they are becoming more and more popular due to their improved efficiency and longer lifespan.
Keep in mind that the solar battery price may differ based on where you buy it, the store you go to, and the specific model you choose.
When calculating the total price of a solar energy system, it is important to factor in the expense of installation, wiring, and any other necessary components.
To find a system that works for your needs and budget, it’s best to do some research and comparison shopping for solar inverters before working with an installer.
Loan for installing solar panel system for EV charging at home
A residential solar panel system for charging electric vehicles can be installed with the help of a loan. Loans for renewable energy projects, such as solar panel installations, are commonly available from financial organizations including banks, solar distributors like LoomSolar and credit unions.
Information such as the total cost of the system, the total square footage of the system, and your credit history will be required to secure a loan for a solar panel installation. Income statements, tax filings, and deeds to any relevant real estate may also be requested.
If you want the most favorable loan conditions and interest rates, you should look into multiple loan offers from other lenders. The upfront cost of installing solar panels can be reduced by taking advantage of any applicable rebates or tax credits that may be offered in your area.
Subsidy for installing solar panel system for EV charging at home in India
When it comes to establishing a solar panel system for charging electric vehicles at home in India, the answer is yes. Several programs are available from the Ministry of New and Renewable Energy (MNRE) to promote the use of renewable energy sources like solar power.
The Solar Rooftop Photovoltaic (PV) Program is a major incentive since it provides financial support to homeowners, businesses, and factories who want to install solar panels on their roofs. Depending on system capacity and consumer type, the subsidy amount may range from 0% to 40% of the baseline price.
Additional incentives, like as tax breaks or low-interest loans, are provided by some Indian states. For homeowners, the state of Tamil Nadu gives a 50% subsidy for solar panel installations, and residents of the state of Kerala can get loans for solar panels on their roofs with zero percent interest.
In order to qualify for these rebates and discounts, you must meet specific requirements set forth by the MNRE or the state government. To make sure your solar panel system is built to code and operates as efficiently as possible, it is best to hire a professional installer.
The best solar equipment can only be obtained from the right distributors
Only if you get your solar panels, system, and accessories from reputable and trustworthy vendors, they will serve you well. LoomSolar is the best distributor to contact if you’re looking for high-quality solar panels, inverters, batteries, or any other solar-related product. They work with just the best manufacturers so you know you’re getting your money’s worth. This Indian supplier offers only the highest quality solar products. You’ll find that their solar battery prices are really low, and that their products are of high quality. Since their inception in 2018, they have received widespread acclaim from customers and users around India.
