Navigating Solar System Prices

Renewable Energy
19th February , 2024

How much does a solar power system cost?

The cost of a solar power system in India can vary depending on several factors, including:

System size: The larger the system (measured in kilowatts, kW), the more panels and other components you'll need, leading to a higher cost. A typical residential system in India ranges from 3 to 8 kW.

Panel type: Monocrystalline panels are considered the most efficient but also the most expensive. Polycrystalline panels are slightly less efficient but more affordable. Thin-film panels are the cheapest but have the lowest efficiency.

System complexity: On-grid systems connected to the main grid tend to be less expensive than off-grid systems with battery storage.

Location: Different states in India offer varying government subsidies and net metering policies, which can significantly impact costs.

Installation costs: Labor and permitting fees can vary depending on your location and chosen installer.

Additional features: Batteries, monitoring systems, and other add-ons can increase the cost.

Current estimates: With all these factors in mind, the estimated cost of a solar power system in India falls within the following range:

  • 1 kW: ₹65,000 - ₹75,000

  • 2 kW: ₹1,40,000 - ₹1,50,000

  • 3 kW: ₹1,80,000 - ₹1,90,000

  • 5 kW: ₹2,50,000 - ₹2,70,000

Remember: These are just estimates, and the actual cost for your specific system might differ

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