How much does a solar panel cost?

Rooftop solar panels have become increasingly popular as a sustainable and cost-effective means of generating electricity for both residential and commercial buildings. Several factors contribute to the price of rooftop solar. Gaining proper knowledge of the type of solar system being installed, the location, weather conditions, companies that install solar systems, subsidies offered in the state, required electricity capacity, etc., is pivotal. This will enable you to make informed decisions. If you want to understand how to embark on this process, you can visit our blog section to get all the required information. Let us now explore basic pricing options for rooftop solar.

Single Inverter Battery Charging

This setup involves a single inverter connected to a battery for charging. It's suitable for smaller-scale energy requirements and offers a basic yet effective solution for powering essential appliances during power outages. Prices for this configuration typically range from Rs. 30,000 to Rs. 50,000.

Double Inverter Battery Charging

With this configuration, two inverters are utilized along with batteries for charging. It provides a more robust power backup solution compared to the single inverter setup and is capable of catering to higher energy demands. Prices for this setup range from Rs. 50,000 to Rs. 70,000.

1kW Solar Panel

Installing a 1kW solar panel system is ideal for households with moderate energy consumption. It's a sustainable energy solution while keeping the initial investment relatively low. This setup typically costs between Rs. 36,000 to Rs. 50,000.

3kW Solar Panel

For larger energy requirements, a 3kW solar panel system is recommended. It can efficiently power appliances and electronics in a typical household, reducing reliance on conventional grid electricity. Prices for this setup range from Rs. 1,08,000 to Rs. 1,50,000.

5kW Solar Panel

The 5kW solar panel setup is suitable for larger residential properties or small commercial establishments. It offers substantial energy generation capacity, contributing significantly to reducing electricity bills. Prices for this setup range from Rs. 1,80,000 to Rs. 2,50,000.

Subsidies for installing Rooftop Solar

After speaking to many people, it has come to light that despite the government's subsidy scheme, many people are not showing interest due to the high initial price of solar installation. To address this, the government has now made provisions to provide low-interest bank loans. With this, any consumer can have solar installed by making only a 20% down payment, with returns expected within 3-5 years. It's important to note that while understanding the pricing structure is crucial, several other factors need consideration. These include the location of the property, energy requirements, available rooftop space, and any applicable government incentives or subsidies.