Solar power consumers may have to pay more for the installation of panels, wiring and other components such as inverters, as the prices of silver, copper and aluminium, the primary raw materials, have soared. However, it is unlikely to have any impact on solar power charges since the energy sector enjoys a huge cost advantage over the others.
Silver prices have soared by one-and-a-half times in the past year and copper prices 40 per cent. Aluminium prices have increased by over 20 per cent during the period. Prices of metals in India are fixed based on the global market behaviour.