In a positive turn of events for Hyderabad residents, solar panel prices have seen a significant drop after the government introduced its revised net metering policy. This new policy allows residential solar users to sell excess electricity, making solar energy an even more attractive option.
The move has sparked increased interest in solar power, especially with the ongoing power outages and rising temperatures. Retailers across the city are reporting a steep decline in prices for high-quality 585-watt A-grade solar panels, which have fallen from Rs 22,000 to Rs 16,500—a notable decrease that’s already driving consumer demand.
“A lot of people are looking to install solar systems now, especially with the heat and the new policy in place,” said a local shopkeeper. “For those on a tight budget, they can now get a complete solar setup for just Rs 20,000 to Rs 22,000 to power a fan and a couple of lights.”
This price reduction is particularly timely, as Hyderabad is experiencing frequent, unscheduled load shedding by the Hyderabad Electric Supply Company (HESCO), making alternative power sources more appealing to residents.
“Summers are harsher than ever due to climate change, and HESCO’s load shedding is making it harder to cope,” shared a local resident. “Solar power is a lifesaver—it helps us stay cool and keep the lights on.”
Experts in the solar industry predict that prices could continue to drop, making solar energy an increasingly viable option for middle- and lower-income households.
