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The Ministry of New & Renewable Energy (MNRE) is the governing body in India. Renewables are taking hype in India & the same goes with solar power.  Solar Power requires solar panels & this attracts companies. The opportunity of being a part of the booming industry, but in the same while consumers also play a vital role. To protect the consumers from the monopoly of any solar company MNRE set the benchmark costs for all types of solar power systems. MNRE also set down the benchmark for solar panels in India. Benchmark Costs for the year 2020-21:- Standalone Solar Pumps  (Rs. per Pump) Pump Capacity Pump Type General Category States / UTs North Eastern States/Hill States & Uts/ Island Uts 0.5 HP AC/DC Surface 53,000 58,300 AC/DC Submersible 68,000 74,800 1 HP AC/DC Surface 92,400 1,01,700 AC/DC Submersible 1,03,700 1,14,100 2 HP AC/DC Surface 1,22,200 1,34,600 AC/DC Submersible 1,31,400 1,44,600 3 HP AC/DC Surface 1,63,200 1,79,700 AC/DC Submersible 1,68,300 1,8...

 What is a Solar Panel ? The solar panel is a plate of silicon cells, silicon is a semiconductor material which is having a unique property of forming junction, it is having a kind of gap between two electronically charged areas in the same material. It produces energy when enough energy of light strikes on this material (more on this later). These silicon cells are placed over the acrylic sheet with connecting wires soldered over it. These cells are protected by thick tempered glass over them. The thickness of this tempered glass & acrylic sheet provides more strength to the panel. When sunlight strikes these panels, silicon cells starts creating a potential difference(voltage) over its top layer & bottom layer. Now, this potential difference can be used to run your appliances or charge your battery bank. Types of solar panels available in the market:- 1. Polycrystalline Solar Panels :- These are the cheaper ones, 'poly' means many so it refers that multiple silicon cr...