1kw solar panel price in india with subsidy
Get the best deal on a 1kw solar panel in India with government subsidies, saving you money on both upfront costs and long-term energy expenses. Invest in sustainable energy solutions for your home or business at an unbeatable price.
Solar energy is rapidly gaining popularity in India as a clean and renewable source of power. One of the most common ways to harness solar energy is through solar panels, which convert sunlight into electricity. With the government offering subsidies on the installation of solar panels, more and more people are considering installing them on their rooftops. One of the most common sizes of solar panels used in India is the 1kw solar panel. In this article, we will take a closer look at the 1kw solar panel price in India with subsidies.
Price of 1kw Solar Panel in India
The price of a 1kw solar panel in India can vary depending on the brand, quality, and technical specifications of the panel. On average, the price of a 1kw solar panel can range from Rs. 30,000 to Rs. 45,000. The price includes the cost of the solar panels, the inverter, mounting structure, cables, and installation charges. It is important to note that the cost of batteries, if required, is not included in this price.
Subsidies on Solar Panels in India
The Indian government has been actively promoting the use of solar energy through various subsidies and incentives. One of the key incentives for installing solar panels is the subsidy offered by the Ministry of New and Renewable Energy (MNRE). Under the Jawaharlal Nehru National Solar Mission, residential and commercial customers can avail of a subsidy of up to 30% on the cost of solar panels. This subsidy is aimed at making solar energy more affordable and accessible to the masses.
In addition to the MNRE subsidy, many state governments also offer additional subsidies and incentives on the installation of solar panels. For example, the government of Delhi offers a subsidy of Rs. 16,000 per kilowatt on the installation of rooftop solar panels. Similarly, states like Maharashtra, Karnataka, and Tamil Nadu also offer attractive subsidies to promote solar energy.
The combined effect of these subsidies can significantly reduce the upfront cost of installing solar panels. For example, if we consider a 1kw solar panel with a cost of Rs. 40,000, a subsidy of 30% would bring down the cost by Rs. 12,000. This means that the customer would only need to pay Rs. 28,000 for the solar panel after the subsidy.
Benefits of Installing a 1kw Solar Panel
There are several benefits to installing a 1kw solar panel on your rooftop. Here are a few key advantages:
1. Low Operating Costs: Solar energy is a free and abundant source of power. Once you have installed a solar panel, the operating costs are minimal. This can result in significant savings on your electricity bills over the long term.
2. Environmentally Friendly: Solar energy is a clean and renewable source of power. By installing a solar panel, you can reduce your carbon footprint and contribute to a cleaner environment.
3. Energy Independence: With a solar panel installed on your rooftop, you can generate your own electricity and reduce your dependence on the grid. This can be particularly useful during power outages or instances of load shedding.
4. Long Lifespan: Solar panels are built to last for 25-30 years. This means that once you have installed a solar panel, you can enjoy the benefits of free electricity for many years to come.
In conclusion, the 1kw solar panel price in India with subsidies offers an attractive option for homeowners and businesses looking to harness solar energy. With government incentives and subsidies, installing a solar panel has become more affordable than ever. The long-term benefits of solar energy, combined with the environmental advantages, make it a smart investment for the future. If you are considering installing a solar panel, now is the perfect time to make the switch to clean and renewable energy.