Solar Panel Prices Record Major Decrease After Govt’s Latest Move

In Hyderabad, solar panel prices have seen a sharp decline, encouraging more households to shift toward solar energy. The reduction comes as the city battles frequent load-shedding and rising temperatures, prompting residents to look for reliable power alternatives. The price of a 585-watt A-grade solar panel has dropped from Rs. 22,000 to Rs. 16,500, making basic solar setups more affordable for lower- and middle-income families. The falling cost is leading to increased demand across local markets, with many opting for small-scale installations to power essential appliances. Persistent electricity cuts by HESCO, combined with the harsh summer heat, have further increased the public’s interest in off-grid energy solutions. As more people adopt solar power to maintain uninterrupted electricity, market trends suggest that prices may continue to fall. The shift not only helps households cut energy costs but also reduces pressure on the main power grid. With demand on the rise and technology becoming more accessible, solar energy is quickly turning into a practical and sustainable option for homes across Hyderabad.