Solar Panel For Home Price In India 

Introduction

As more and more Indians get conscious about their carbon footprint and global warming, there’s an increased interest in renewable energy sources. Among these, solar energy has emerged as a popular choice, primarily because of the abundant sunlight year-round in most parts of the country. People are now contemplating shifting from traditional power sources to solar energy, primarily for their homes, contributing their part in reducing pollution and adopting more sustainable living practices. Naturally, a critical decision-making factor is the cost of solar panels for homes in India. In this article, we will delve deeper into this topic, discussing various aspects related to the pricing of solar panels.

Factors Affecting the Cost of Solar Panels

Before we dive into the specifics about the cost of solar panels for homes in India, it’s helpful to understand the various factors that influence this cost. First, the capacity of the solar power system is a major determinant. Solar panel systems can range from 1KW to 10KW or more, and the higher the capacity, the higher the cost. Secondly, the brand and quality of solar panels can significantly impact the price. Reputable brands with high-quality products often price their panels higher than less known or new players in the market.

Furthermore, the type of solar panel system chosen – whether it’s an on-grid system or an off-grid system – also influences the price. Finally, the installation charges, which include the cost of brackets, wiring, inverters, batteries (for off-grid system), and labour may also add up to the total cost.

Average Cost of Solar Panels for Homes in India

The solar panel system’s cost for homes in India varies depending on the factors mentioned above. However, to give you a ballpark figure, a 1KW on-grid solar panel system, which is generally suitable for a small household, might cost anywhere between INR 70,000 to INR 90,000 including installation. Whereas, a larger system of about 10KW capacity may cost between INR 5,00,000 to INR 8,00,000. Please note that these prices are subject to variations due to geographical location, brand price policies, and government policies.

The Long Term Savings

While the initial investment on a solar panel system might seem high, it’s important to remember that solar panels can provide significant savings in the long term. Moreover, in some states in India, there exist net metering policies that allows homeowners with solar panel systems to sell excess electricity back to the grid, resulting in a reduction in their overall electricity bill. Additionally, solar panels require very minimal maintenance, further saving on potential repair costs in the long run.

Government Subsidies and Schemes

The Indian government, dedicated to hitting targets set by the Paris Agreement on Climate Change, offers several subsidies and schemes to encourage homeowners to install solar panels. The Central Financial Assistance (CFA) scheme, for instance, offers up to a 30% subsidy on the cost of solar panels for home in selected states. You must check with local authorities or solar panel vendors about availability and eligibility for such subsidies, as they could substantially lighten the initial cost burden.

Conclusion

While the cost of solar panels for homes in India might seem relatively high, an overall value assessment paints a different picture. When you factor in the long-term energy cost savings, the potential income from selling surplus power back to the grid, and potential government subsidies, solar power for homes becomes a financially attractive proposition. Not only are you saving money in the long run, but you’re also contributing to a more sustainable environment by reducing your carbon footprint. Installing solar panels is a path toward green, sustainable living with numerous direct and indirect benefits, making it a worthwhile investment.