The decision to install solar panels at home is not an easy one. There’s an upfront investment involved. Which is why you should focus on installing the right size of the solar system. Anything that produces more power or less power than actual consumption isn’t the right investment.
In this guide, we will be walking you through the ins and outs of a 1 KW solar system including the solar panel 1kw price in India, factors that you should consider while installing a system of this capacity, and also the state-wise subsidy that you can get on the solar panel 1kw price in India.
Dive in for details!
3 Things to keep in mind while choosing a 1KW solar system
#1. Consider your power consumption
This is the very first thing that should be considered when planning to install a 1KW solar system. Under ideal conditions (a bright, sunny day), a 1KW solar system can produce 4 units of electricity. Which amounts to 1440 units/year, and 120 units/month.
Hence, if you’re somebody whose power consumption is between 100-120 units/month, then a 1KW solar system is a suitable option for you.
The solar panel 1kw price in India ranges between Rs. 45,000 to Rs. 70,000. This cost range includes the entire installation cost. The reasons why there’s so much difference between the price are as follows:
- The type of panel you choose matters: Poly panels are cheaper because they’re less efficient. Mono panels are slightly expensive because their efficiency is higher.
- The brand you buy from: A premium brand offers the best quality products made from the cutting-edge latest technology. Hence, their systems last for over 25 years.
- The value-added services you buy: If you buy extra services, that is also one reason behind the cost variation
Considering all these factors, the solar panel 1kw price in India ranges between 45k to 70k. However, the subsidy is not calculated against these prices. It’s calculated against the L1 rates (to be discussed a little later).
#2. Consider your budget
We’ve already mentioned the solar panel 1kw price in India. The investment might seem a little higher but the amount of money you will save with a drastic reduction in electricity bills is something to ponder.
Let us walk you through a basic calculation of how much money you can save and why solar panel 1kw price in India is absolutely worth it.
Suppose, the electricity tariff in your state is Rs. 9/unit and you consume 130 units of electricity/month. Your monthly electricity bill on average will be Rs. 1170.
Now, if you have a solar system that produces 120 units, you will have to pay just for the extra 10 units. Which means your bill after installing and paying solar panel 1kw price in India will be Rs. 90.
Imagine the savings you’re making every month. The 1kW price in India that you paid for installation will be recovered within 2-3 years (considering, the subsidy will reduce the cost further).
And since tier-1 solar panels last for 25 years and even after 25 years, they produce power at 70% efficiency, you will enjoy free solar electricity for decades to come.
No FD or RD can give you such high returns on investment.
#3. The type of panel you choose
Solar panels in a solar system convert sunlight into electricity. Hence, the more efficient they are, the more your savings will be. Although Mono-perc solar panels are slightly more expensive than polycrystalline panels, their efficiency is higher as well. In fact, their performance will be better during the rainy season too.
In fact, now the government has started offering a subsidy on mono panels too because they’re also being manufactured within the country. Hence, if you can marginally increase your budget, installing mono panels from premium brands is the best option.
These are the 3 most important things to keep in mind when choosing a 1 KW solar system for your home. That said, now let’s walk you through the state-wise subsidy that you can expect from the government.
State-wise subsidy on 1 KW solar panels
A subsidy is offered against L1 prices, also known as the discovered rates. We have tabulated all the details below.
|State||Solar panel 1kw price in India without subsidy||L1 price||Subsidy against L1 price||Solar panel 1kw price in India with subsidy|
|Gujarat||₹45,000 to ₹70,000||₹40,991/KW||₹16,396||₹28,604 to ₹53,604|
|MP (Bhopal)||₹45,000 to ₹70,000||₹39,100/KW||₹15,640||₹29,360 to ₹54,360|
|Chhattisgarh||₹45,000 to ₹70,000||₹42,000/KW||₹16,800||₹28,200 to ₹53,200|
|Haryana||₹45,000 to ₹70,000||₹39,450/KW||₹15,780||₹29,220 to ₹54,220|
|Delhi||₹45,000 to ₹70,000||₹39,000/KW||₹15,600||₹29,400 to ₹54,400|
|Rajasthan||₹45,000 to ₹70,000||₹40,991/KW||₹16,396||₹28,604 to ₹53,604|
|UP||₹45,000 to ₹70,000||₹37,000/KW||₹ 14,800||₹30,200 to ₹55,200|
|Maharashtra||₹45,000 to ₹70,000||₹41,400/KW||₹16,560||₹28,440 to ₹53,440|
Now that you know everything about the 1kw solar panel price in India and the factors you should consider when planning to install this capacity’s solar system, we hope you will make a decision to switch to solar soon. The government’s subsidy will not last forever.