Discover the most competitive prices for solar panels in Sri Lanka, ensuring you make a profitable investment for sustainable energy solutions.

Solar energy is becoming an increasingly popular and viable option in Sri Lanka. As the country aims to reduce its dependency on fossil fuels and move towards renewable energy sources, many individuals and businesses are turning to solar panels to meet their energy needs. Before investing in solar panels, it is important to have an understanding of the prices and costs associated with this renewable energy solution. In this article, we will provide a comprehensive solar panel price list in Sri Lanka, to help you make an informed decision.

It is essential to note that solar panel prices can vary depending on various factors, including brand, type, capacity, and the installation process. Typically, solar panel prices are measured in terms of the cost per watt. In Sri Lanka, the average cost per watt for solar panels ranges from 100 to 300 Sri Lankan Rupees (LKR). However, it is important to keep in mind that the panel's performance, warranty, and overall quality should also be taken into consideration when comparing prices.

For residential installations, solar panel systems typically range in size from 1 kilowatt (kW) to 20 kW. A 1 kW solar panel system can generate approximately 1,500 kilowatt-hours (kWh) of electricity per year, which is sufficient to power basic appliances and lighting in an average-sized household. The cost of a 1 kW solar panel system can range from around 100,000 LKR to 300,000 LKR.

As the size of the system increases, so does the cost. A 5 kW solar panel system, for instance, can cost between 500,000 LKR to 1.5 million LKR, depending on the brand and panel specifications. A 10 kW system, suited for larger homes or small businesses, can cost anywhere between 1 million LKR to 3 million LKR.

It is essential to consider the brand and quality of solar panels when making a purchasing decision. In Sri Lanka, several reputable brands offer solar panels with varying prices. Some of the top brands include SunPower, LG, Canadian Solar, Jinko Solar, and Trina Solar. These brands often come with a higher price tag but offer superior performance, durability, and longer warranties, making them a worthwhile investment.

Apart from the cost of solar panels, there are also additional expenses to consider, such as installation fees, mounting systems, wiring, inverters, and batteries. The installation cost can vary depending on the complexity of the installation and the company hired for the job. On average, the costs associated with installation can amount to 10-30% of the total system cost.

Inverters play a crucial role in a solar panel system, as they convert the direct current (DC) generated by the panels into alternating current (AC) that can be used to power electrical appliances. The cost of an inverter varies depending on the capacity and brand. String inverters are more commonly used in Sri Lanka and can range from 50,000 LKR to 200,000 LKR, depending on their capacity.

Battery storage is another aspect to consider, especially if you are aiming to have a backup power supply during periods of no sunlight or power outages. The cost of batteries varies depending on the type and capacity. Lead-acid batteries are more affordable but have a shorter lifespan, while lithium-ion batteries are more expensive but offer longer lifespans and better performance. The cost of batteries can range from 50,000 LKR to 500,000 LKR, depending on their storage capacity.

It is crucial to keep in mind that investing in solar panels can lead to significant long-term savings on electricity bills. With an average payback period of 3 to 7 years, solar panels can provide a reliable and cost-effective source of electricity for decades to come. Additionally, the government of Sri Lanka encourages the use of solar energy by providing incentives such as net metering, tax benefits, and low-interest loan schemes, which can further offset the initial costs.

To make an accurate assessment of costs and prices, it is recommended to consult with several reputable solar panel providers and request detailed quotations that include all required components and installation charges. Comparing these quotes will help you choose the best solution that suits your energy needs and budget.

In conclusion, investing in solar panels in Sri Lanka can be an excellent long-term solution to reduce electricity costs and contribute to a greener future. Solar panel prices in Sri Lanka can vary depending on factors such as brand, type, capacity, and additional components. The average cost per watt ranges from 100 to 300 LKR. It is crucial to take into consideration the quality, warranty, and performance of the panels when comparing prices. To accurately assess costs, consult with reputable solar panel providers, and take advantage of government incentives.