06/11/2020
The average cost of a Solar system
The cost of a 1 kW rooftop solar system ranges from ₹45,000 to ₹85,000, excluding the cost of batteries. We are assuming the rooftop solar systems are connected to the grid, and the power is not stored in batteries.
A 5 kW system could cost in the range of ₹225,000 to ₹425,000 excluding GST. There could be other costs involved, including constructing an elevated structure or strengthening the roofs where necessary. The system’s price varies on the brand the consumer chooses. It also depends on the quality of solar panels, inverters, mounting structures, and other equipment used for the system. So, if the consumer wants to go for a cost-effective model, it would cost them around ₹225,000 – ₹325,000.
These systems are assets that last for more than 22 years, and the quality of the components used plays a significant role in the performance and maintenance of the system. A 5 kW system produces nearly 20 kWh of electricity on a good day and 600 kWh a month, earning ₹3,300 per month if we consider a tariff of ₹5.50 /kWh. On average a rooftop solar system’s cost can be recovered in 5-6 years.
This Diwali, you could gift yourself a rooftop solar system and contribute to a clean and green environment.
Contact us if you are planning to install a rooftop solar system for your home –
+91-8423410693
