Solar panels aren’t just a trend; they’re the future and lifestyle choices. Solar panels provide a sustainable alternative to generating electricity at home. Thus, the government of India has been offering subsidies to consumers and solar panel manufacturers to make solar panels more affordable. In this blog, we will explain the 1 kW solar panel price in India and the subsidy you can avail yourself of under the PM Surya Ghar Muft Bijli Yojana.
You can avail the subsidies from the National Portal for the PM Surya Ghar Yojana on the official website. We are happy to assist you in applying for and installing the solar panel for free electricity. Contact us now for a consultation on installing a solar panel system.
1 kW solar panel price in India
Solar Panels help you get free electricity from the power of sunlight. Furthermore, you can transfer the excessive electricity produced by your solar system to the utility provider in your area and gain benefits points and rewards.
However, the upfront cost of installing the solar panel can be a bit pricey for many households. While the upfront 1 KW solar system costs in India are high, it provides free electricity for many years.
A 1 kW solar panel system can produce 4-5 units of electricity per day. It is suitable for houses with a load capacity of 800 watts. Thus, with this solar panel, you can comfortably use the lights, fans, TV, and fridge. If you can utilize the electricity output strategically, you can use the AC for a few hours.
After the payback period of the 1 kW solar system, you can enjoy free electricity for more than 2 decades. If you choose advanced solar panel technologies like the TOPCon or Mono Bi-facial, you can enjoy more electricity and a longer lifespan of the solar panel system.
The 1 kW solar system price in India without any subsidy would be as follows:
- 1 kW on grid solar panel price: Rs. 72,000
- 1 kW off grid solar panel price: Rs. 80,000
- 1 kW hybrid solar panel price: Rs. 1,50,000
Note: These prices are estimates of general rates. They can change based on the demand, raw material supply, and taxes. Please contact solar panel experts, like Sunora Solar, to get an accurate 1 kW solar panel price in India.
1 kW solar panel price with subsidy based on its type
The 1 kW solar system cost in India includes the cost of solar panels, mounting tools & services, and the support setup to help you use the electricity generated by the system. The following is a breakdown of the 1 kW solar panel price with subsidy from the PM Surya Ghar Mufti Bill Yojana.
1 kW on grid solar system price
You can connect your solar power system to a local utility for net metering in an on-grid system. Net metering allows you to pass the excess electricity to the local utility center for benefits. Additionally, net metering also helps you get the electricity supply when your solar system can’t produce sufficient energy due to natural causes or technical errors.
It is ideal for urban and suburban areas where you can connect with the grid and get better sunlight exposure.
You can avail a Rs. 30,000 subsidy for a 1 kW on grid solar system. Therefore, you will have to pay an estimated Rs. 42,000 instead of the original Rs. 72,000.
1 kW off grid solar system price
An off grid solar system is a completely private system that you can install if you live in remote or rural areas where grid connections are either scarce or unreliable.
Here, you’ll need to install a battery connection with the inverter to store the excess electricity for future use. It helps you maximize the solar panel utilization and get better returns.
The off grid solar panel system isn’t eligible for the solar panel subsidy. Thus, it will cost you Rs. 80,000.
However, you can look for low-interest and beneficial solar panel loans from reputed banks like SBI, Union Bank, and more. Our team is here to assist you in getting the exact pricing and help with the loan application. Contact us now to know more.
1 kW hybrid solar system price
If you want to save some electricity for yourself and pass the rest to the local utility, the hybrid solar system will work best for you. You can set up net metering and connect the battery to your solar system setup. It allows you to save electricity and get utility benefits in case of system problems.
Under the PM Surya Ghar Yojana, you can avail of Rs. 30,000 for your hybrid model solar system. Thus, you need to pay Rs. 1,20,000 only!
Sunora Solar is one of the most trusted solar panel manufacturers in India with 5200+ happy customers. We provide high-quality solar panels and installation services! Check out our products or contact us for a consultation call!
Conclusion
The estimated 1 kW solar panel price in India ranges from Rs. 72K to Rs. 150K without subsidies. You can avail a subsidy based on your solar system, such as on-grid, off-grid, and hybrid. You can get a Rs. 30K subsidy on on-grid and hybrid 1 kW solar system cost in India under the PM Surya Ghar Yojana. Contact us now for consultation on solar panel connection and the subsidies!
FAQ
What is the 1 kW solar panel price with subsidy?
You can Rs. 30K subsidy on on-grid and hybrid solar panel systems under the PM Surya Ghar Yojana. Thus, the estimated prices for on grid connection are Rs. 42K and a hybrid connection is Rs. 150k. The cost of an off grid solar system with a subsidy is Rs. 80K. Contact us for more accurate estimates based on current demand and costs.
How many units does a 1kW solar panel system produce?
A 1 kW solar panel system can produce 4-5 units in one day. Thus, 120-150 units per month. It is sufficient to run the TV, fans, fridge, and lights.
How much space do I need to set up a 1kW solar panel?
The 1 kW solar panel system includes 3-4 solar panels. Therefore, you need 80 sq ft of free space to install a 1 kW solar system on your rooftop. Contact Sunora Solar for a space analysis to determine if you can fit a 1 kW solar system in your space.
Can I upgrade my 1kW solar panel system in the future?
Absolutely! You can upgrade the output of a 1 kW solar system by adding more solar panels of the same kind as your existing solar system. It will significantly improve electricity output.
