Average Cost Of Installing Solar Panels In India

Luminous solar panel 325 watt 24 volts is utilized to produce electricity from solar panels.

Average cost of installing solar panels in india.

Most homeowners pay between 16 532 and 30 820. Furthermore this is considered as the best solar panel in india due to its efficiency and performance. Moserbaer 305 w 30 v solar panel. In fact because utility electricity rates consistently rise each year this speeds up the timeline further for when the panels will pay for themselves.

With energy prices on the rise this may be the perfect time to go solar. In florida where energy use is very high and the average system needed is around 10kw the average cost of a solar system is 27 000 or 19 980 after the 26 solar tax credit. Electricity is getting more expensive nowadays. The 2019 2020 mnre benchmark cost for installing solar on grid system in india is between rs 53 000 kw to rs 60 000 kw.

The relative ease or difficulty of installing solar panels on your home. It is combined with inverters for generating electricity to make usage in homes and offices. For example a 6kw solar system using sunpower or panasonic solar panels can be as much as 5 000 more expensive than a solar system using canadian solar modules. In case you go for a grid connected solar panel system which includes panels inverters wiring structure connectors junction boxes etc.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. It would cost anywhere between rs 45 000 to rs 80 000 per kw. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The cost of installation of solar system depends on the type of solar system size of solar system and the type of roof on which solar panels is to be installed.

If it costs 10 000 for overall installation after all incentives and taxes are calculated then the solar panels would pay for themselves in roughly 5 years. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range. To check the size that you need read the sizing section in this page below.