In a major development for residents of Hyderabad, solar panel prices have dropped significantly following the government’s recent revision of the net metering policy.
The updated policy enables homeowners to sell surplus electricity generated through solar panels back to the national grid, making solar power a more attractive and cost-effective solution amid persistent load shedding and soaring temperatures.
According to local retailers, the price of high-quality 585-watt A-grade solar panels has fallen from Rs22,000 to Rs16,500, prompting a sharp rise in consumer interest. Many citizens, especially those affected by prolonged power outages under HESCO (Hyderabad Electric Supply Company), are now turning to solar systems to power essential appliances and maintain comfort during the summer months.
A local vendor noted that even low-income households are entering the solar market, with basic setups available between Rs20,000 and Rs22,000, capable of running fans and lights during blackouts.
Industry insiders suggest that this trend may continue, with further price reductions expected, making solar energy increasingly accessible for middle- and lower-income families.
The combination of climate-induced heatwaves and unreliable electricity supply has made the government’s net metering update a pivotal move, empowering citizens to embrace renewable energy and reduce dependency on the national grid.
