Imagine saving thousands of rupees over 25 years by harnessing the power of the sun! While the upfront cost of installing solar panels can be a hurdle, the long-term benefits and energy savings are undeniable. This guide explores the factors affecting solar panel installation costs in India and highlights ways to make it more affordable.
Key Takeaways:
- Solar panels offer significant long-term energy cost savings.
- Understand the cost factors to make informed decisions.
- Government subsidies and financing options can significantly reduce upfront costs.
Factors Affecting Solar Panel Installation Costs:
Type of Installation: Roof mounts are most affordable, while ground mounts and carports require additional support, increasing costs.
Panels, Inverters & Mounting Structures: Higher efficiency panels and additional equipment like batteries and inverters will add to the cost.
Energy Consumption: Larger systems with more panels are needed for higher energy demands, impacting the total cost.
Recent Solar Panel Costs in India:
- Monocrystalline silicon panels: Most efficient, costing ₹40-₹50 per watt.
- Polycrystalline silicon panels: A cost-effective option, costing ₹35-₹45 per watt.
Estimated Solar Panel System Cost in India:
Here is the solar panel setup cost for installations ranging from 1 to 5 kilowatts
| Solar Panel System Size (kW) | Cost in Rs |
| 1 | 70,000 – 1,00,000 |
| 2 | 1,40,000 – 1,80,000 |
| 3 | 2,10,000 – 2,50,000 |
| 4 | 2,80,000 – 3,20,000 |
| 5 | 3,50,000 – 4,00,000 |
Please note: These are estimated costs and can vary depending on factors like location, chosen panel type, installer expertise, and government subsidies.
Making Solar More Affordable:
Government Subsidies: The Indian government offers subsidies of 30-40% on installation costs, depending on your state and system size. Explore state-specific programs for the latest details to reduce the cost of fitting solar panels.
Financing Options: Solar loans, power purchase agreements (PPAs), and lease agreements spread the cost over time. Explore these options with banks, NBFCs, and specialized solar companies to manage the cost of fitting solar panels.
Invest in a Sustainable Future with KCP Solar
At KCP Solar, we understand the initial investment in solar panels can be a concern. That’s why we offer a comprehensive approach, guiding you through every step – from initial consultation and cost estimation to navigating government subsidies and financing options. Our team of experts will design a customized solar solution to meet your specific energy needs and budget. By providing transparent information about the solar roof installation cost, including the cost of installing solar panels, we ensure you make an informed decision that maximizes your savings and environmental impact.
Choose KCP Solar, a leading solar installation company in Tamilnadu, and unlock the long-term benefits of solar power. We’ll help you slash your electricity bills while contributing to a cleaner, more sustainable future. Contact us today for a free quote and see how KCP Solar can make your switch to solar a reality!
Also, check out the blog: How to install solar panels at home
from Webdoux