Looking to Invest in Solar Panels? Here Are 5 Factors to Consider Including Solar Panel Price

Installing a solar panel is a wise decision as it can yield massive financial benefits. Also, solar energy is one of the most reliable sources of energy that is inexpensive and eco-friendly, too. So, if you are planning to invest in solar panels then it is definitely going to be one of the most prudent decisions of your life. But before you go ahead and buy a solar system, here are a few factors that you should consider including the solar panel price.

1. Solar Panel Size

When going solar, the size of a solar panel is an essential issue to consider. It is the size of the solar panel that helps determine the amount of energy a solar PV system would produce. Also, in case you have less roof space, then you may have to consider going for a smaller size but higher efficiency. For example, the polycrystalline solar panels. To determine the right panel size, request for a physical site inspection.

2. Efficiency

Panel efficiency is an important factor to consider. It refers to the ability of the solar panel to convert the solar energy it receives into electricity. A high-efficiency solar panel charges solar batteries more quickly. It also helps ensure that you get the best power output even with low sunlight. So if you want to get more output from your solar panels, go with a solar panel with higher efficiency.

3. Durability

Durability is another important factor that one must consider when buying a solar panel. Replacements can be troublesome, and therefore, to avoid the trouble you should go with a durable panel. And in case you live in an area that experiences strong winds then buying a highly durable solar panel is all the more important. Similarly, a durable panel will ensure that the panel can withstand a high snow load and other environmental conditions.

4. Warranty Period

Who wouldn’t want their solar panels to have a long lifespan? To ensure longevity of your solar panels, you need to check the warranty period being offered by the manufacturer. It is also a good way to assess the confidence a manufacturer has in their own products. Usually, solar panels come with warranties ranging from 15 years to 25 years. Higher the warranty, greater the peace of mind.

Last But Not the Least – Solar Panel Price

The price of a solar panel is one of the most important factors to consider when buying one. However, don’t let price be the only factor that determines your buying decision. Don;t just buy a solar panel because it’s cheap; because if you do, chances are that you may be settling for a low quality product. Instead do your research and go for a reputable brand like Luminous India that offers quality products at reasonable rates.


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