There has been a considerable 43 thousand rupee reduction
in the cost of a 550-watt solar panel from 70 thousand to just 27
thousand. The 330-watt model is priced at twenty thousand rupees, just as the
450-watt model, which is currently available for twenty thousand rupees. Both
models are experiencing an increase in demand.
The import liberalization and tax
reduction are the two main reasons given by traders for this abrupt price
decline. While tax relief initiatives have helped to cut overall prices, the
openness of imports has increased market competitiveness. It's important to
keep in mind that this trend isn't limited to just one region because solar
panel prices have significantly decreased globally.
Overstock Prices have been falling globally as a result of
solar panel warehouses in Europe and America, and this trend is predicted to
continue.This breakthrough demonstrates how consumers can now more easily
acquire solar energy options.
Due to these price reductions, more people are likely to
think about switching to solar power for their energy demands as they find
solar energy options to be more cheap. This change may lead to a wider use of
renewable energy sources, which would be a good development for the renewable
energy industry.
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