500 watt Solar Panel Price in india Mono PERC Bifacial

500 watt Solar Panel Price in india Mono PERC Bifacial ~ To install a 500-watt solar system, earlier we had to use small solar panels, such as 100-watt, 200-watt, or 250-watt. But now, in the market, we get a single 500-watt panel. However, the prices of these solar panels still vary.

Since solar panels come in different technologies, their prices also depend on the technology used in each panel.

500W Polycrystalline Panel Price

Polycrystalline is the oldest solar panel technology. To set up a 500-watt system, you would need five 100-watt panels, costing around ₹20,000. This is an older technology, yet the panels remain expensive because multiple smaller panels are required.

500W Monocrystalline

Monocrystalline technology is much better than polycrystalline. To install a 500-watt solar system, you will need two 250-watt panels, costing approximately ₹13,000. These panels can also be used for a 1-kilowatt solar system.

500W Mono PERC Bifacial

In Mono PERC Half-Cut Bifacial technology, you get a single 500-watt panel, which costs around ₹11,500. However, this panel is best suited for larger solar systems, such as 2 kW, 3 kW, or 5 kW.

The prices mentioned above are similar across most companies, but they may vary by ₹1,000 to ₹2,000 depending on the brand.

Which Solar Panel is Best for Home In India

500W Solar System Price

Above you have only come to know about the price of solar panels. We cannot use these solar panels directly at our home, for this we will need a solar charge controller or solar inverter.

1KVA Solar Inverter

If you want to set up a 500 watt solar system, then for that you will have to buy a 1KVA solar inverter, on which you will be able to install 500 watt panels and also run a load of up to 500 watts.

UTL Gamma+ 1KVA

You can install solar panels up to 1 kilowatt on the UTL Gamma+ 1KVA solar inverter and can easily run a load of 500-600 watts. You will get this inverter for about ₹10,000. You can create your solar system by installing two 500 watt solar panels on it. If your budget is low, you can manage by installing one solar panel now and later you can make your system 1 kilowatt by installing another 500 watt panel.

150Ah Battery

You will need to install a battery on the UTL Gamma+ 1KVA inverter.

The 150Ah battery will cost around ₹12,000.
If you need more battery backup, you can also go for a 200Ah battery which will cost you around ₹16,000.
If you do not need much battery backup, you can also go for a 100Ah battery, which will cost around ₹10,000.

Extra Cost

To install the solar system, we also need a stand and wire
, which will cost around ₹5,000 . If you can install this solar system yourself, it will be cheaper for you. But if you get the installation done by someone, it will cost you an additional ₹5,000 .

Total Cost

Now you also know the cost of solar panels, solar inverters and solar batteries. By adding these, we can easily find out how much it will cost to install a 500 watt solar system.

components of the solar system	Price (in Rs.)
Solar Inverters	₹10,000
Solar Battery	₹12,000
Solar Panel	₹11,500
Additional charges (stand, wire, installation)	₹10,000
Total Expenses	₹43,500

So now you can see that the cost of installing a 500 watt solar system will be around ₹ 43,500. You can later install another 500 watt solar panel on this solar system and make it a 1 kilowatt solar system .

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