Electricity bill in Noida is increasing at a huge speed due to which home owners, commercial owners and industrial owners of Noida are turning towards renewable energy and finding a best solar panel installer for themselves. But that question that everyone has is what is a solar panel installation cost? And your answer to this question will be found in this blog. Solar panel installation process, how to work solar panel and how to find best solar panel installer. You will find the answer to all these questions in my blog.
What is a solar panel installation cost?
Solar panel installation cost refers to the expense of purchasing a solar panel and then installing the entire setup in your home or business.
Solar panel installation cost mainly includes:
Solar panel
Inverter
Battery as per requirement
Net metering
Wiring
DCDB ACDB
Structure
Government approval & permits
Monitoring system
Warranty support
Installation charges
Average solar panel installation cost
Solar panel installation cost depends on size and installation quality?
System Size Estimated Installation Cost
3KW ₹1.8 Lakh – ₹2.5 Lakh
5KW ₹2.8 Lakh – ₹4 Lakh
6KW ₹3.5 Lakh – ₹4.8 Lakh
8KW ₹4.5 Lakh – ₹6 Lakh
10KW ₹5.5 Lakh – ₹7.5 Lakh
Final solar panel installation cost depends on brand, which system, location and quality.
Factors Affecting Solar Panel Installation Cost
Solar system size:
Solar installation cost depends on the installation size and how many kW the customer is installing.
Example:
3kw- small family
5kw- medium family
10kw- large house or business
These big plants are also installed in industrial solar plants so their cost also reduces.
Solar panel type:
Monocrystalline solar panel:
High efficiency- The efficiency of monocrystalline solar panel ranges from 22% – 25%. It has the highest efficiency among all the panels.
Primum quality- monocrystalline is now available in upgraded version and its upgraded quality is even better.
Long life- monocrystalline solar panel has a longer life compared to other panels, approx 30 years.
Price is high- The price of monocrystalline is high compared to other panels.
Polycrystalline solar panels:
Budget friendly- These panels are affordable according to the middle class who can afford it.
Good performance- is panel’s performance quite good
Most popular choice- Most Indian home owners recommend it.
Thin film solar panels:
Light Weight- The weight of thin solar panel is less compared to other panels.
Commercial project- Thin solar panel is best to install in commercial and buildings.
Efficiency – The efficiency of thin film solar panel is less compared to other panels.
Roof type:
It also depends on the type of roof, according to which structure is installed on the roof.
RCC Roof
Metal Roof
Tile Roof
Sloped roof
Flat Roof
Roof Conditions:
Roof condition is checked. If the roof is old and weak then it needs repair.
Locations:
Location is also decided, what will be the installation expenses, how far is the site from the installation location and how much will be the travel expenses are also calculated.
Government subsidy has reduced the cost:
To promote rooftop solar in India, the Indian government has implemented a scheme called PM Surya Ghar Scheme subsidy which provides 40% payment of solar panel installation cost to the public under the government.
How much subsidy is provided:
System size Central Government State Government Total Subsidy
1kw 30,000 15,000 45,000
2kw 60,000 30,000 90,000
3kw 78,000 30,000 1,0,8000
4kw 78,000 30,000 1,08,000
5kw 78,000 30,000 1,08,000
6kw 78,000 30,000 1,08,000
7kw 78,000 30,000 1,08,000
8kw 78,000 30,000 1,08,000
9kw 78,000 30,000 1,08,000
10kw 78,000 30,000 1,08,000
FAQ?
Q. How much does solar panel installation cost?
The expense of solar panel installation is not exact as it depends on system size, quality, brand and location.
Q. How many years have solar panels been running?
The life of solar panel is up to 25-30 years.
Q. Is it possible to reduce electricity bill from solar panel to zero?
The electricity bill of a solar panel can be reduced to zero depending on the capacity of the solar system and the capacity of your electricity.
Q. How much would be the maintenance cost of solar panel?
The maintenance cost of solar panel does not reduce but the solar panel has to be cleaned from time to time and the wiring has to be checked.
Q. Is solar panel investment worth it?
Yes, solar panel installation is a good investment as the value of your investment is recovered in 2-3 years and works for up to 25 years.
Conclusion:
If you want to reduce electricity bills in the future and take advantage of renewable energy, look at solar panel installation cost not as an expense, but as a long-term investment.
