HYDERABAD: In a significant development for Hyderabad’s residents, solar panel prices have dropped substantially following the government’s updated net metering policy.
This policy allows residential solar users to sell excess electricity back to the grid, encouraging citizens to adopt solar energy as a reliable alternative amid growing power outages and rising temperatures.
Retailers in the city report a notable decrease in prices, with high-quality 585-watt A-grade solar panels now costing Rs16,500, down from Rs22,000.
This price drop has sparked increased consumer interest, particularly among those seeking to mitigate the impact of frequent load shedding by HESCO (Hyderabad Electric Supply Company).
Citizens are turning to solar power to stay cool and keep their homes running during the harsh summer months. A local shopkeeper notes that even low-income households can now afford solar systems, with some customers purchasing complete setups for Rs20,000 to Rs22,000 to power essential appliances like fans and lights.
Industry experts suggest that solar prices may continue to decline, making the technology more accessible to middle- and lower-income households.
As climate change exacerbates summer temperatures and HESCO’s load shedding worsens, residents are increasingly relying on solar power as a viable solution. The updated net metering policy has been a game-changer, enabling citizens to harness renewable energy and reduce their dependence on the grid
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