Average Cost Of Installing Solar Panels In India

Moserbaer 305 w 30 v solar panel.

Average cost of installing solar panels in india.

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. 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. Until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. 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 fact because utility electricity rates consistently rise each year this speeds up the timeline further for when the panels will pay for themselves. Most homeowners pay between 16 532 and 30 820. Frequent power cuts are making the audience find out more alternatives to the same. The relative ease or difficulty of installing solar panels on your home.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. It is combined with inverters for generating electricity to make usage in homes and offices. It would cost anywhere between rs 45 000 to rs 80 000 per kw. To check the size that you need read the sizing section in this page below.

Furthermore this is considered as the best solar panel in india due to its efficiency and performance. 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. In case you go for a grid connected solar panel system which includes panels inverters wiring structure connectors junction boxes etc. Expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range.

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. With energy prices on the rise this may be the perfect time to go solar. Electricity is getting more expensive nowadays.