Solar Inverter Prices: What are the Various Factors Affecting it

Looking forward to powering your house sustainably and cost-effectively? We have the best strategy for you to opt for, i.e., solar energy. While it is becoming increasingly popular, one needs a solar inverter as a critical component of the solar power system. 

The solar inverter is a device which assists the solar panels in converting Direct Current electricity into Alternating Current electricity. Consequently, the AC current is used to power your appliances and gadgets.

The demand for solar energy is growing day by day and so is the user demand for solar inverters. This is when one can discuss the solar inverter prices depending upon various factors such as quality of components, brand reputation, efficacy rating, max power output, durability, warranty, installation, etc. 

Image Source: Luminous

In this blog, we will give you an overview of the different types of solar inverters, along with numerous factors that affect solar inverter prices. So, without further ado, let’s begin.

Different Types of Solar Inverters

As we discussed the growing market, one must learn about the various kinds of Solar Inverters present today:

• Grid Inverters: They play a crucial role in the integration of renewable energy sources into the power grid. They synchronize the voltage and frequency of the AC output with the grid and ensure that the power generated by the renewable energy sources is in phase with the utility grid. 

• Off-Grid Inverters: This is a type of inverter that is designed to convert direct current (DC) electricity produced by a renewable energy source such as solar panels, wind turbines or hydro turbines into alternating current (AC) electricity that can be used by homes or businesses that are not connected to the utility grid.

• Hybrid Inverters: It is a type of inverter that combines the functions of a grid-tied inverter and an off-grid inverter in a single device.

The type of inverter that is best for a particular solar power system depends on several factors, such as the location, size, and configuration of the system and the system owner’s specific goals. 

What are the Various Factors that Affect Solar Inverter Prices?

There are multiple factors that affect solar inverter prices. Let’s read further to understand what these factors are and consequently make an informed decision in choosing the suitable solar inverter.

1. Component Quality: Components used in a solar inverter play an important role. They can affect the performance, durability, and reliability of the same. That is to say, solar inverters with top-notch components will likely cost a little more than low-standard ones. 

• The Reputation of the Brand: Solar inverter prices can also get affected by the brand you prefer. Well-established brands like Luminous hold good reputation, thus ensuring you get the best quality solar inverter that you deserve. 

• Efficiency Rating: This rating depends on the percentage of DC electricity converted into AC electricity. Solar inverters with a high rating are more expensive than those with a lower efficiency rating.

• Maximum Power Output: The maximum power output of a solar inverter determines how much power it can produce. Inverters with higher maximum power output are typically more expensive than those with lower work.

• Durability and Warranty: The durability of a solar inverter is essential as and when exposed to weather conditions and high temperatures; making sure of a backup is very important. Moreover, a solar inverter with a more extended warranty period may cost more than one with a shorter warranty.

• Installation and Maintenance Costs: The installation and maintenance costs can also affect the solar inverter price. If you go for low-quality solar inverters, they may require frequent maintenance and repair, resulting in higher installation costs. 

• Government Incentives and Subsidies: The availability of government incentives and support affects the solar inverter price as well. Incentives and subsidies can reduce the overall cost of the system, making it more affordable and accessible to the population.

So, what did you decide? Luminous has the biggest range of solar inverters for you to explore from. Get your hands on some of the top-notch products at affordable solar inverter prices. They come with low-maintenance offerings making your purchasing process hassle-free.