5kW Solar Panel System Price in India

5kW Solar System Price In India With Subsidy - There is significant growth in the adoption of solar energy in India because of the combination of government incentives which increases awareness about the environment, and the long-term economic benefits of solar power. When it comes to a house or small business space, one of the most popular choices is the 5 kW solar system. 5kW system size is a balance between affordability and energy production which makes it an ideal choice for many. In this article, we will explore the price of a 5 kW solar system in India by considering government subsidies, installation costs, and the potential savings on electricity bills. 

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A 5kW Solar Panel System is a well-suitable choice for medium to large households or small businesses. It can generate approximately 20 units of electricity per day. This power generator capacity can also depend on various factors such as location, weather conditions, and the efficiency of the solar panels. 20 units of electrical energy are sufficient to power various household appliances, including air conditioners, refrigerators, washing machines, and more.

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Usually, the 5kw solar panel system starts from INR 2,90,000 to 5,30,000, depending on location, type of subsidy, type of system, company, quality, and number of panels. Subsidy of different states can reduce the 5kw solar panel price significantly. 

Long-Term Savings and Return on Investment

Investing in a 5 kW solar system not only reduces your upfront electricity costs but also provides long-term savings. The payback period of a 5 kW solar panel system is usually from 4 to 6 years. This depends on your electricity consumption and the overall electricity rates in your house or office. Let’s understand by an example: 

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Monthly Electricity Consumption: 600 units

Cost per Unit: ₹7

Monthly Savings: 600 units * ₹7 = ₹4,200

Annual Savings: ₹4,200 * 12 = ₹50,400

Payback Period: ₹2,12,000 (after subsidy) / ₹50,400 = 4 years

5 Kilowatt Solar Panel System Price List In India

If we talk about installing a 5-kilowatt solar panel in India, various factors can affect the actual price. There are various options available in the market with different prices that are divided into 3 categories - On-grid solar panels, Off-gird solar panels, and Hybrid solar panels. Every category has separate pricing.

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5kW Solar System Price in India with Subsidy

Since the government of India launched a subsidy on Solar Panels, the demand for solar systems is rapidly increasing in India. However solar panels are still not affordable for everyone in India. To provide some relief from the high costs of Solar Panels, the Indian government provides subsidies for installing solar panels. After applying the government subsidies, the cost of a 5 kW solar system can be significantly reduced. Let's break down the potential cost savings:

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Without Subsidy: As mentioned earlier, the cost of a 5 kW solar system without any subsidy ranges from INR INR 2,90,000 to 5,30,000.

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With Central Government Subsidy: This brings the net cost of the system down to ₹2,12,000 to ₹4,52,000.

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With Additional State Subsidies: If your state offers additional subsidies, you can save even more. For example, states like Delhi have separate subsidy schemes, which can further reduce the cost.

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Note: 

• Government subsidy is not applicable on 5KW off-grid solar panels.
• The maximum subsidy is Rs. 78,000 for 5KW solar panel systems.

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What Are The 5kW Solar Panel System Installation Cost in India?

Installing a 5kW Solar Panel System on your roof requires a lot of things and investments. The total expense or cost of a 5kW solar panel depends on various factors such as installation area location, type of solar panel, installation agency, etc. The simple Solar 5kW panel will cost you as usual as others. Additionally, if you want a mounting system this will impact the cost of a 5kW solar power system. For this reason, it is best to enroll the expertise of a professional solar installer to handle the job for you. Reputable solar panel solution platforms, such as Zircle, help you to choose the perfect match for your roof. 

Where To Find The Best Deals Of Solar Panels In India

If you are considering purchasing a 5kW Solar panel for your home, then Zircle could be the ideal choice for you. Get the best 5kW Solar Panel deals with Zircle! Here you can choose 5kW solar panels from off-grid, on-grid, and hybrid solar panels by just applying a filter. You can also find the product size according to your roof space area. Zircle facilitates you with a feature of choosing the product with our 50+ expert vendors and get the best. At Zircle, We connect the customers to sellers (Vendors) to sell and purchase the products from the same platform. This platform has simplified the entire buying process for our potential customers, from choosing the perfect solar solution and financing options to placing an order and addressing any post-purchase requirements. 

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Discover unbeatable deals on 5kW solar panels, including off-grid, on-grid, and hybrid options, all tailored to fit your roof space perfectly. Compare the products with our 50+ vendors with the best pricing and service deals. Buy a 5kW Solar Panel System at Zircle now!