Solar energy is becoming a popular, affordable, and environmentally friendly option for homes and businesses. One reasonable starting point for those wishing to power their homes or small businesses is a 1kW solar panel system. We’ll break down the cost of a 1KW Solar panel price in India in this blog and offer a thorough buying advice to assist you in making an informed choice.
What is a 1kW Solar Panel System?
For families with low power consumption or those want to use solar energy to lower their electricity bills, a 1kW solar panel system is perfect. A 1kW system typically consists of a solar inverter, three to four solar panels (depending on the size and efficiency of the panels), and additional parts like wiring and mounting structures.
The world’s energy source of the future is solar power, primarily because solar energy produces free electricity. Solar systems, however, aren’t! There is an upfront expenditure required, even if they are not as costly as they once were.
For this reason, choosing the appropriate solar system for your house is crucial. This tutorial has been specially selected to take you through the ins and outs of a 1 KW solar system out of all the capacities available.
1kW Solar Panel Price in India
The cost of a 1kW solar panel system in India depends on several factors, including the type of panels, brand, installation charges, and location. Here’s a general breakdown:
- Solar Panel Cost: ₹20,000 to ₹30,000
- Inverter Cost: ₹10,000 to ₹15,000
- Installation & Accessories: ₹5,000 to ₹10,000
- Total Cost: ₹35,000 to ₹55,000
Depending on the quality of the inverter, whether you choose polycrystalline or monocrystalline solar panels, and whether you need any other accessories, this estimate may differ slightly.
Factors Affecting the 1kW Solar Panel Price
Panel Type: Polycrystalline panels are more reasonably priced, but monocrystalline panels are more efficient.
Location: Depending on the area you live in, costs may vary, particularly when it comes to installation and permissions.
Brand: Well-known brands may cost more, but they frequently provide superior warranties and post-purchase assistance.
Subsidies: Government subsidies have the power to drastically reduce costs. In many areas, the MNRE provides up to a 40% subsidy for residential rooftop solar installations.
The 1kw solar panel price in India with subsidy
The pricing range for a 1 kW solar panel in India is already mentioned, between ₹45,000 to ₹70,000. But, there’s an altogether distinct concept regarding L1 rates that you need to know if you want to figure out the 1kw solar panel price in India with subsidies.
The found rates are another name for L1 rates. The state government invites empaneled solar vendors to bid on the solar tender to obtain allocation rights.
The vendor that bids the lowest obtains the maximum allocation rights. The L1 pricing is set at the lowest bid.
As you probably already knew, each state has a different L1 rate. Now that a subsidy is offered against the L1 rates solely, it’s critical to understand the L1 rates.For solar systems with a mass of between 1
| State | L1 solar panel 1kw price in India | Subsidy offered on 1KW system against L1 rates | 1KW solar system price range | 1kw solar panel price in India with subsidy |
| Madhya Pradesh (Bhopal) | ₹39,100 | ₹15,640 | ₹45,000 to ₹70,000 | ₹29,360 to ₹54,360 |
| Gujarat | ₹40,991 | ₹16,396 | ₹45,000 to ₹70,000 | ₹28,604 to ₹53,604 |
| UP | ₹37,000 | ₹14,800 | ₹45,000 to ₹70,000 | ₹30,200 to ₹60,200 |
| Rajasthan | ₹40,991 | ₹16,396 | ₹45,000 to ₹70,000 | ₹28,604 to ₹53,604 |
| Delhi | ₹39,000 | ₹15,600 | ₹45,000 to ₹70,000 | ₹29,400 to ₹59,400 |
| Haryana | ₹39,450 | ₹15,780 | ₹45,000 to ₹70,000 | ₹29,220 to ₹54,220 |
| Chattisgarh | ₹42,000 | ₹16,800 | ₹45,000 to ₹70,000 | ₹28,200 to ₹53,200 |
| Maharashtra | ₹41,400 | ₹16,560 | ₹45,000 to ₹70,000 | ₹28,440 to ₹53,440 |
What are the benefits of a 1KW solar system?
Cost Savings: You can drastically lower your monthly energy expenditures by producing your own electricity.
Environmental Impact: Using solar energy lessens your carbon footprint and helps the environment.
Energy Independence: By lowering your dependency on grid power, a solar panel system gives you energy security.
Government Subsidies: As previously indicated, this can lower the cost of solar energy.
Conclusion
For homes wishing to embrace green energy and lower their electricity costs, the 1kW solar panel price in India is a cost-effective choice. A 1kW solar system may prove to be a wise investment for long-term energy savings with the correct setup, upkeep, and government incentives.
If you’re thinking about switching to solar power, make sure to speak with a reputable solar provider to receive the best price and guarantee a trouble-free installation.
FAQ
What is the typical price range for a 1KW solar panel in India?
In India, a 1KW solar panel can cost between ₹50,000 and ₹1,00,000. This price varies based on the brand, quality, and where you buy it.
What are the benefits of installing a 1KW solar panel system for my home?
Installing a 1KW solar panel system has many benefits. It can lower your electricity bills and reduce your carbon footprint. It also makes you more energy independent and can save you money in the long run.
What are the essential components of a 1KW solar panel setup?
A 1KW solar panel setup includes solar panels, an inverter, and batteries (for off-grid systems). You also need mounting structures and the right wiring and electrical parts.
How do government subsidies and incentives affect the cost of a 1KW solar panel in India?
The Indian government offers subsidies and incentives for solar power installations. These can cut the cost of a 1KW system by 30% to 70%. The exact amount depends on your location and other factors.
What factors should I consider when choosing a 1KW solar panel kit for my home?
When picking a 1KW solar panel kit, look at panel efficiency, brand reputation, and warranty. Also, think about the system’s cost-effectiveness. This helps you choose a kit that fits your energy needs and budget.
How can I calculate the return on investment (ROI) for a 1KW solar panel system?
To figure out the ROI of a 1KW solar panel system, consider the initial cost, electricity savings, government subsidies, and system lifespan. This analysis shows the financial benefits of switching to solar power.
What are the pros and cons of installing a 1KW solar panel system?
The main advantages of a 1KW solar panel system are lower energy costs, a smaller carbon footprint, and more energy independence. However, there are downsides like the initial cost, maintenance needs, and roof space requirements.