What is the Cost of Solar Panels in India?
What is the Cost of Solar Panels in India?
Blog Article
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).
For example, with a 5KW solar system price in India with subsidy, the final cost may reduce significantly.
Government Subsidy and Incentives for Solar Panels
India offers several subsidy programs to make solar more affordable:
- 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.
With these subsidies, a 3KW solar panel price in India with subsidy could drop by ₹60,000 or more. Morca supports customers in understanding these schemes and provides solar solutions that maximize your savings.
Cost of Solar Panel Installation
In addition to the panels themselves, installation charges depend on:
- 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.
Morca’s installation services are designed to be simple, affordable, and reliable—ensuring you get full value from your investment.
How Much Can You Save with Solar Panels in India?
Savings depend on your usage and system size. A well-sized solar system can cut electricity bills by 60% to 80%.
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?
When selecting panels, consider:
- 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.
Morca helps you assess these factors to recommend the best fit for your home, farm, or industry.
Steps to Install Solar Panels in India
- Energy Audit: Calculate your daily electricity usage.
- Site Inspection: Morca's experts assess rooftop space and panel orientation.
- Select Panel Type & Capacity: Choose between on-grid/off-grid/hybrid systems.
- Subsidy Application: We assist you with government forms and subsidy claims.
- Installation & Commissioning: Panels, inverter, and wiring are set up and tested.
- Net Metering (if on-grid): Enables you to sell excess power back to the grid.
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.
Report this page