FAQ
Frequently ask questions
1. How much does a 5kW solar system cost?
A 5kW system can cover electricity bill up to LKR 22,000.00. Cost of the system will be around LKR 750,000 – 850,000 and the system price depends on the brand and country of manufacturing of selected inverter and solar panel.
2. What is the cost of solar panel?
Solar panel cost depends on the wattage of the panel, type of the solar cells used, brand, quality of the materials, durability (or warranty period), temperature coefficient of solar panels and number of busbars in the solar panel.
3. What is the best solar company in Sri Lanka?
Golden Rays Solar (PVT) Ltd is one of the best solar power solutions providers in Sri Lanka with a team of young and dynamic professionals. We are actively engaged in providing premium quality Net metering, Net Accounting and Net Plus solar systems for an affordable price.
4. What is Net Metering?
Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. This means the consumer has to pay only for the net amount of electricity consumed during a month. If the solar electricity supplied to the grid is more than the electricity consumption during a month, the balance amount can be carried forward to future as a credit, up to a maximum of ten years. No payment will be made for the excess electricity supplied over the consumption under this scheme.
5. What is Net Accounting?
If the generated units of electricity using the solar panels fixed on houses/premises are greater than the amount consumed, the excess will be paid at the rate of Rs.22.00 per unit during the first 07 years and from the 8th year onwards at the rate of Rs.15.50 per unit by the Utility Provider. If the consumption is greater than the generated units, the consumer has to pay at the existing electricity tariff for the excess electricity consumed.
6. What is Net Plus?
This involves getting paid for the amount of electricity generated using the solar panels fixed on the premises. Unlike the net metering method there is no linkage between the electricity consumption of the customer and the electricity generation. Two separate meters will be installed to measure import and export of electricity separately. The customer has to pay for the electricity consumed according to the existing tariff whilst the Utility Provider will pay for the total amount of electricity the customer generates.