Home Technology What is the price of a 2kW solar panel system, and subsidies provided on it?

What is the price of a 2kW solar panel system, and subsidies provided on it?

Homeowners are fueling a sustainable energy drive with the help of solar photovoltaic technology that offers reliable electricity. A home solar system could start small with a 2-kW system and add more panels as needed later. The problem turns out even more enjoyable when you discover how much a 2kW solar panel system, already subsidized, costs in India!

2 kW Solar System Price in India

The most crucial factor you should consider if you are planning to choose your house first and the most affordable solar system is 2 kW. The average 2 kW solar installation can power a two bhk home efficiently and conveniently with a few appliances such as a fridge and AC.

It is helpful, although, that one has a rough estimate to work on even though there is a fluctuation in this cost, which is determined by several factors.

For the price point, it is sensible to get in touch with a solar energy company that has a good reputation rather than choosing a third-party source. Below is an average solar panel price for the installation of a 2kW solar system.

The 2kW capacity of these power systems offers potential customers three types of systems to choose from, with each having different pricing structures. The grid-tied solar system known to be synchronized with the public electricity grid would be the ideal option, as it is relatively economical and will start at Rs. 1,44,000. This system helps homeowners cut their electricity bills to a great extent. On the other hand, an off-grid solar system, which runs independently of the primary grid and is excellent for areas where the power portfolio is very unreliable, is accessible at Rs. 1,60,000.

Sitting on the fence is no longer for those who desire to reap the best results out of both worlds. Therefore, the hybrid system has been introduced, which mixes the benefits of on-grid and off-grid and comes at Rs. 2,00,000.

This system is not only efficient and reliable but also provides enough energy even during power outages, meaning it is a complete solution whereby there is power availability.

Indian Government Subsidy for a 2 kW Solar System

The government in India has introduced various subsidies to make solar energy affordable for homeowners. Lately, the cost of a 2kW solar system with subsidies has decreased so that solar energy is available to many residential installations.

Through some programs, the government grants subsidies for solar systems, but they are non-grid solar systems. As per the MNRE notification, which allows easy and speedy installation of grid-tiled rooftop solar plants, you can now buy your rooftop PV system from any recognized solar energy provider and receive a credit in your account.

A subsidy of 3 kW of the maximum capacity is available for those systems whose capacity falls in the above range. The costs would go down to Rs. 18,000 per kW, thus making the initial installation very affordable. The policy offers a subsidy to the installed systems with a capacity above 3 kW and up to 10 kW; the subsidy will be Rs. Consider the following sentence. For the first 3kW installation, Rs. 18,000 per kW shall be charged. 9,000 per kW for the rest or 18,000 per kW for this capacity.

This will include subsidies to blend the benefits of both systems to ensure affordability irrespective of the size. Surprisingly, for the off-grid power plant systems beyond 10 kW capacity, the government offers a subsidy payment of Rs. 1,17,000, including The lithium battery price. This subsidy mechanism contemplates the diffusion of solar power by making it financially viable for consumers irrespective of the size of their installation; this means that households and small and medium enterprises can also contribute to and enjoy the benefits of the transition from fossil fuels to sustainable energy sources in India.

Both the Federal government and your state government may allocate certain subsidies to you. For India, the central government may reimburse up to 30% for a 2kW solar system in General Category districts or union territories and 70% in Special Category areas. 

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