A lot of people wants to know the cost of solar panels for 3 bedroom house in India. Now a days solar panel is just a booming material. It is like a magical tool, one time investment and no bills! So, here we are going to describe the cost of solar panels for 3 bedroom house in India.
As per my knowledge solar energy is now gaining momentum in India. This is only because of high electric bill so people wants to save their money. This is only one time investment and the rest of the 10-20 years you don’t have to pay any bills. How crazy this is..!
This is why solar energy is a good idea for homeowners with a 3-bedroom house among other benefits that come with solar energy generation. I will now go ahead and categorize the necessary expenses for installing a solar power system in a 3 bedroom house in India.
Cost of Solar Panels for 3 Bedroom House in India
Several factors matters the total cost of installing solar panels:
- System Size: Larger systems generate more energy but cost more upfront.
- Type of Solar Panels: Different panels have varying costs and efficiencies.
- Inverter Quality: Converts solar power to usable electricity.
- Battery Storage: Stores excess energy for later use (optional).
- Mounting Structure: Holds the panels in place.
- Installation Costs: Labor and materials for installation.
- Location: Solar potential and installation costs can vary by region.
- Government Subsidies: Financial incentives can lower costs.
Types of Solar Panels and Their Costs
- Monocrystalline Panels: High efficiency and space-efficient but more expensive.
- Cost: ₹1,50,000 to ₹2,00,000 for 5kW
- Polycrystalline Panels: Slightly less efficient but more affordable.
- Cost: ₹1,25,000 to ₹1,75,000 for 5kW
- Thin-Film Panels: Less efficient and less common, usually more affordable.
- Cost: ₹1,00,000 to ₹1,50,000 for 5kW
here’s a chart listing some popular Indian solar panels along with their approximate prices:
| Brand | Model | Type | Capacity | Price (INR per Watt) | Total Price for 5kW System (INR) |
|---|---|---|---|---|---|
| Tata Power Solar | TP300 Series | Polycrystalline | 300W | ₹25 – ₹35 | ₹1,25,000 – ₹1,75,000 |
| Loom Solar | Shark 440 | Monocrystalline PERC | 440W | ₹30 – ₹35 | ₹1,50,000 – ₹1,75,000 |
| Waaree Solar | WS-250 | Polycrystalline | 250W | ₹20 – ₹30 | ₹1,00,000 – ₹1,50,000 |
| Vikram Solar | Eldora 375 | Monocrystalline | 375W | ₹28 – ₹35 | ₹1,40,000 – ₹1,75,000 |
| Adani Solar | AS300P | Polycrystalline | 300W | ₹25 – ₹30 | ₹1,25,000 – ₹1,50,000 |
| RenewSys Solar | DESERV 335 | Polycrystalline | 335W | ₹25 – ₹32 | ₹1,25,000 – ₹1,60,000 |
| Canadian Solar | CS6K-295MS | Monocrystalline PERC | 295W | ₹30 – ₹35 | ₹1,50,000 – ₹1,75,000 |
| Loom Solar | 370 Watt Monocrystalline | Monocrystalline | 370W | ₹28 – ₹35 | ₹1,40,000 – ₹1,75,000 |
| Microtek Solar | 150 Watt Polycrystalline | Polycrystalline | 150W | ₹22 – ₹28 | ₹1,10,000 – ₹1,40,000 |
| Jakson Solar | JSP 330 | Polycrystalline | 330W | ₹25 – ₹30 | ₹1,25,000 – ₹1,50,000 |
Notes:
- Prices are approximate and can vary based on the seller and region.
- It’s important to verify the latest prices and specifications from official websites or authorized dealers.
- The total price for a 5kW system is calculated based on the average price per watt.
Inverter Costs
The inverter is a crucial component that converts the direct current (DC) produced by solar panels into alternating current (AC) used in homes.
- Cost: ₹50,000 to ₹1,00,000
Here’s a chart listing some popular Indian inverters along with their approximate prices:
| Brand | Model | Capacity | Type | Price (INR) |
|---|---|---|---|---|
| Luminous | Zelio+ 1100 | 900 VA | Pure Sine Wave | ₹5,500 – ₹6,000 |
| Microtek | UPS EB 900 | 800 VA | Square Wave | ₹4,000 – ₹5,000 |
| Exide | Inverter GQP 850VA | 850 VA | Pure Sine Wave | ₹4,500 – ₹5,500 |
| Su-Kam | Falcon Eco 1000VA | 1000 VA | Pure Sine Wave | ₹6,000 – ₹7,000 |
| V-Guard | Smart Pro 1200 | 1000 VA | Pure Sine Wave | ₹6,000 – ₹7,500 |
| APC | BI850SINE | 850 VA | Pure Sine Wave | ₹6,500 – ₹7,500 |
| Amaron | Hi-Back Up 880VA | 880 VA | Pure Sine Wave | ₹4,500 – ₹5,500 |
| Havells | Ecovio 900 | 850 VA | Pure Sine Wave | ₹5,500 – ₹6,500 |
| Luminous | Cruze 2 KVA | 2000 VA | Pure Sine Wave | ₹8,000 – ₹10,000 |
| Microtek | UPS SEBz 1100VA | 1100 VA | Pure Sine Wave | ₹5,000 – ₹6,000 |
Notes:
- Prices are approximate and can vary based on the seller and region.
- It’s important to verify the latest prices and specifications from official websites or authorized dealers.
- Choosing the right inverter depends on your specific energy needs and the size of your solar power system.
Mounting Structure Costs
The mounting structure secures the solar panels in place and ensures they are positioned correctly to maximize sunlight exposure.
- Cost: ₹15,000 to ₹25,000
Battery Storage Costs (Optional)
Batteries store excess energy generated during the day for use at night or during power outages. While optional, they are beneficial for energy independence.
- Cost: ₹1,00,000 to ₹2,00,000
Installation and Labor Costs
Installation costs cover labor and materials needed to install the solar power system. These costs can vary based on location and complexity of the installation.
- Cost: ₹20,000 to ₹30,000
Government Subsidies and Incentives
The Indian government provides subsidies to encourage solar adoption. For residential systems, subsidies can reduce the upfront cost by 30-40%.
Example Cost Calculation for a 5kW System
Here’s an estimated cost breakdown for a typical 5kW solar power system:
- Solar Panels: ₹1,75,000
- Inverter: ₹75,000
- Mounting Structure: ₹20,000
- Battery Storage: ₹1,50,000 (optional)
- Installation and Labor: ₹30,000
Total Cost without Subsidy: ₹4,50,000
Total Cost with 30% Subsidy: ₹3,15,000
Long-Term Financial Benefits
While the initial investment in solar panels is significant, the long-term savings are substantial. A 5kW system can reduce your electricity bill by ₹5,000 – ₹6,000 per month, leading to annual savings of ₹60,000 – ₹72,000. The payback period typically ranges from 5 to 7 years, after which the savings continue for the lifespan of the system, usually 25 years or more.
Maintenance Costs
Solar power systems require minimal maintenance. Regular cleaning of panels and periodic inspections are generally sufficient. Annual maintenance costs are around ₹2,000 to ₹5,000.
Financing Options
Several banks and financial institutions offer loans for solar installations with favorable terms. These loans can help manage the upfront costs and make the transition to solar energy more affordable.
Conclusion
Investing in a solar power system for your 3-bedroom house in India is a right decision. The initial costs are offset by long-term savings and environmental benefits. With government subsidies and declining costs of solar technology, now is an excellent time to consider making the switch.
Evaluate your energy needs, explore different panel options, and take advantage of available incentives to enjoy the numerous benefits of solar power.
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