Get the most out of renewable energy with a 5kw solar system in India at an affordable price, made even more budget-friendly with government subsidies. Invest in clean and sustainable power generation for a more eco-friendly and cost-effective way to meet your energy needs.
Solar energy is gaining popularity in India as an alternative source of power due to its numerous benefits. One of the most popular options for homeowners is a 5kw solar system, which is ideally suited for medium-sized households. This article will discuss the price of a 5kw solar system in India, as well as the subsidies available to make it more affordable for homeowners.
The cost of a 5kw solar system in India can vary depending on several factors such as the quality of the components, installation charges, and the location of the installation. On average, the price of a 5kw solar system in India ranges from Rs. 3,00,000 to Rs. 4,00,000.
The major components of a 5kw solar system include solar panels, inverters, mounting structures, cables, and connectors. The price of these components can vary based on the brand, quality, and warranty period. It is important to invest in high-quality components to ensure the efficiency and longevity of the system.
In addition to the cost of the components, installation charges can also add to the overall price of a 5kw solar system. Installation charges typically include labor costs, transportation costs, and any additional equipment required for the installation. It is recommended to hire a reputable solar installation company to ensure the system is installed correctly and efficiently.
Fortunately, the government of India offers subsidies and incentives to homeowners who install solar systems to promote renewable energy usage. One of the most popular subsidies available is the Solar Rooftop Subsidy Scheme, which provides financial assistance to homeowners who install solar systems on their rooftops.
Under this scheme, homeowners can avail up to 30% subsidy on the total cost of the solar system, with a maximum subsidy cap of Rs. 20,000 per kilowatt. This means that a 5kw solar system could receive a subsidy of up to Rs. 1,00,000, making it more affordable for homeowners to invest in solar energy.
To avail the subsidy, homeowners must meet certain criteria such as having a valid rooftop space, obtaining necessary approvals and certifications from the local authorities, and using only approved components for the installation. Additionally, homeowners must also choose a solar installation company that is empaneled with the Ministry of New and Renewable Energy to qualify for the subsidy.
In addition to the subsidy, homeowners can also benefit from other incentives such as net metering and tax benefits. Net metering allows homeowners to sell excess solar power generated by their system back to the grid, which can help reduce electricity bills. Furthermore, homeowners can also avail tax benefits such as accelerated depreciation and tax credits on the capital investment made in the solar system.
Overall, investing in a 5kw solar system in India is a wise decision for homeowners looking to reduce their electricity bills, contribute to environmental conservation, and take advantage of government incentives. By taking advantage of subsidies, incentives, and tax benefits, homeowners can make solar energy more affordable and accessible.
In conclusion, the price of a 5kw solar system in India with subsidy is around Rs. 3,00,000 to Rs. 4,00,000. By availing government subsidies, incentives, and tax benefits, homeowners can significantly reduce the cost of the system and enjoy the numerous benefits of solar energy. It is a sustainable and cost-effective solution for homeowners looking to power their homes with clean and renewable energy.