What is the Cost of Solar Panels in India?
With electricity prices rising and power cuts becoming common, many households, farmers, and industries are turning to solar power. The biggest question they face is, “What’s the cost of solar panels in India?” The answer depends on various factors like the type of system, capacity, and whether you’re eligible for a government subsidy.
In this guide, we’ll walk you through everything you need to know about the pricing, savings, and how solar can benefit your home or business—powered by Morca.
Cost of Solar Panels in India: A Breakdown
The cost of solar panels in India varies based on capacity, quality, and region. Here’s a rough estimate:
| Solar Panel Size | Approximate Cost (Before Subsidy) |
|---|---|
|
1KW |
₹60,000 – ₹80,000 |
|
2KW |
₹1,20,000 – ₹1,60,000 |
|
3KW |
₹1,80,000 – ₹2,50,000 |
|
5KW |
₹3,00,000 – ₹4,50,000 |
|
10KW |
₹6,00,000 – ₹8,00,000 |
Factors affecting costs:
- Region-based variation (e.g., solar panel price Chennai might slightly differ from solar panel price Kerala or solar panel price Kolkata).
- Brand and efficiency of the panel.
- Type of solar system (on-grid, off-grid, or hybrid).
Government Subsidy and Incentives for Solar Panels
- National Rooftop Solar Subsidy: Offers up to 40% subsidy on systems up to 3KW and 20% for systems between 3KW and 10KW.
- State Subsidies: Some states offer additional incentives, e.g., Gujarat, Kerala, and Tamil Nadu.
Cost of Solar Panel Installation
- Mounting structures (e.g., flat roof vs. sloped roof)
- Wiring & inverter costs
- Labor costs by region
Typically, installation adds ₹10,000 to ₹30,000 to the total solar system for home price in India.
How Much Can You Save with Solar Panels in India?
For example:
- A 5KW solar system price in India could pay itself off in 4 to 6 years due to savings on energy bills.
- With a Morca solar-powered system, you also eliminate pump operating costs by pairing solar panels with our energy-efficient pumps.
How to Choose the Right Solar Panels?
- Energy Needs: For homes, a 3KW or 5KW system is common.
- Budget: Smaller systems like a 1KW solar panel price in India or 2KW solar panel price in India work for minimal needs like lighting and fans.
- Space Availability: Rooftop area affects how many panels you can install.
- Subsidy Eligibility: If you’re eligible, it makes sense to maximize the solar panels for home cost in India by opting for larger capacities like 10KW for businesses.
Steps to Install Solar Panels in India
Energy Audit:
Calculate your daily electricity usage.
Site Inspection:
Select Panel Type & Capacity:
Subsidy Application:
Installation & Commissioning:
Panels, inverter, and wiring are set up and tested.
Net Metering (if on-grid):
Key Takeaways:
- The cost of solar panels in India ranges from ₹60,000 to ₹8,00,000 depending on system size.
- Subsidies can reduce costs by 20-40%, especially on systems up to 10KW.
- Installation costs vary based on region and system type.
- Solar systems cut electricity bills by up to 80%.
- Morca helps integrate solar panels with water pumping systems for added savings.
Conclusion:
Switching to solar is a smart long-term investment for homeowners, farmers, and industries. The cost of solar panels in India may seem high initially, but with subsidies and the long-term savings they offer, the payback is quick. Pair your solar system with Morca’s solar-powered water pumps and experience reliable, eco-friendly performance with zero electricity bills.
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