fbpx

tapan moharana

December 3, 2019

Depreciating solar prices

Once considered to be expensive to install globally, India is now encouraging ground-mounted and rooftop solar installation by slashing prices for individuals to switch to solar. Between the years 2010 and 2018, solar installation costs in India have dropped by 80%. With deflating prices, many industrial manufacturing companies have understood that it is cheaper to buy solar than to buy grid electricity generated through coal. In this article, we will analyze the factors involved in the depreciating costs of Solar PV Systems.