When we think about buying a solar inverter, the first thing that comes to mind while making a decision is the solar inverter price. But, that’s only one of the things that should matter because there are plenty of other crucial factors that you should pay attention to when buying a new inverter for your solar unit – as they also have a direct impact on the solar inverter’s final price point.
So, if you are thinking of getting a new solar inverter for your home, then we have listed down the 3 most crucial points that play a major role in the price of the solar inverter. Moreover, these factors should be on your checklist when you’re exploring and comparing your options. So, let’s get started!
- Load Requirement
When it comes to a solar inverter, one size fits all isn’t the case. Every household has different power requirements, and your inverter needs to be able to handle that load. Therefore, your load requirement plays a critical role in the solar inverter price—the more the load, the higher the price of the inverter.
You can calculate your total load/power requirement by taking into account all the appliances you want to use during an outage or power cut.
- Inverter Type (On Grid/ Off Grid)
An off-grid inverter costs more compared to an on-grid inverter, so depending on the choice you make, the final price will either be on the higher or lower side. This is because an off-grid inverter has no connection whatsoever to the main gridline and is completely self-dependent to generate electricity through solar energy, which means it has to be more efficient in terms of energy generation since it has nothing to fall back on.
On the other hand, an on-grid inverter is connected to the main public gridline – and any power deficit can be compensated by tapping into that gridline to draw power in case of a shortfall in the amount of energy required to power your home.
- Inverter Technology
Solar inverters are available in two different controller technologies:
- PWM- Pulse Width Modulation
- MPPT- Maximum Power Point Tracking
An MPPT solar controller costs more than a PWM solar controller, which affects the solar inverter price, which is why a solar inverter with MPPT technology will be more expensive. While a solar charge controller’s job is to prevent overcharging of the battery, a PWM charge controller is like a basic electrical switch that works by ensuring the voltage of the solar array and the battery are equal.
Similarly, the MPPT controller’s job is to ensure maximum power delivery from the solar arrays and works by real-time tracking of the solar panel voltage and current. Next, it matches the solar arrays’ output voltage with the battery’s voltage depending on the real-time requirement, which ensures optimal power.
Therefore, an inverter’s final price has a direct correlation to these 3 crucial factors, and depending on your choice and requirement, the price will vary. However, in order to get the maximum out of your solar inverter, it is very important that you weigh these factors and not just get an inverter just because of its lower cost.
If you are in the market looking for a new solar inverter, then don’t forget to check out Luminous’ impressive lineup and the widest portfolio of solar inverters, all built using the latest and very best in technology. So, if you want an inverter that’s reliable, cost-effective, safe, and offers the most value for your money, then don’t forget to bring home a Luminous solar inverter today!