2 kW Solar Panel Price in India with Subsidy

In a world where clean energy is becoming a priority for many, people are looking for practical ways to reduce their carbon footprints. Solar energy emerges as a sustainable solution. The 2 Kilowatt solar system can be a great starting point if you're wanting to switch to solar energy. Before you start, we know how important it is to know the 2 kW solar panel price, solar panel subsidies, and other aspects. 

In this blog, we’ll guide you through all that you need to know before bringing home the wonderful solar power systems.

Solar Panel Price in India

There are a lot of factors that affect the solar panel 2 kW price in India. These are brands, quality, and other requirements. However, to give you a rough idea, a 2 kW solar system generally costs between ₹1,50,000 to ₹1,70,000. 

The general prices of solar panels in India are: 

Understanding 2 Kilowatt Solar Panels

A 2 kW solar system is a great choice for houses. Because of its amazing efficiency and cost-saving nature, it’s the most preferred option. Depending on brand and panel efficiency, a 2 kW solar panel system generally has 5 to 6 panels. 

The 2 kW solar system is made to be efficient and compact. This makes it perfect for homes that have limited roof space and moderate energy consumption. And you know the best part is the affordability, a 2 kW solar panel price is budget-friendly and a good investment.

Space Requirements for Your 2 Kilowatt Solar Panel System 

The first thing to consider is the space for the installation of a 2 kW solar panel system. Space is important because the location and surrounding factors will determine the working of the panels. The roof or any open area is the best because these are the areas that get constant sunlight throughout the day. 

For a system of up to 2 kW, 160 to 200 square feet of space is sufficient. However, there's one thing you need to be sure of. Installing the panels at the right angle. Better absorption of sunlight will lead to better energy output.

What Affects the 2 kW Solar Panel Price in India? 

There are many factors that affect the 2 kW solar panel price, including - 

●      Brand and Quality – The solar panel 2 kW price in India mostly depends on the brand and quality of the solar system. Solar panels from the most reputable brand may cost a bit more but they tend to offer higher efficiency and better performance. The quality is also top-notch. So while selecting solar panels for your homes, do focus on the brand and quality. 

●      Solar Panel Plate Rate – The total cost depends on the solar plate rate. Panels that have newer technology are more costly than older technologies. An individual solar plate further determines the total value of the system. You’ve to choose from the best panels if you want your solar power system to work efficiently. 

●      Installation Costs – The installation price of 2 kW solar panels varies a lot too. The complexity of the installation and location greatly impact the costs. Some places and installations require a lot of effort and time leading to higher installation fees. 

●      Government Subsidies – The government subsidies have a huge effect on the 2 kW solar panel cost as well. The subsidies and incentives have a huge impact on bringing down the installation costs, which makes them within the budget and affordability of middle-class families.

2kW Solar Panel Price with Subsidy

Solar panel subsidies in India are what make the installation of on-grid solar systems and off-grid solar systems affordable and possible. 

A 2 kW solar panel price in India is usually around ₹1.5 to 1.7 lakh. However, with the government’s incentives and rebates, the solar panel 2 kW price in India has come down by 30-40% depending on the state.

Central Government Subsidy for Solar Systems 

●      The PM Surya Ghar: Muft Bijli Yojana generously offers subsidies for rooftop solar installations. For systems up to 2kW, you can get a subsidy of up to 60%.

●      The Grid Connected Rooftop Solar Programme under the Ministry of New and Renewable Energy (MNRE) targets the installation of solar panels. The best part is that it offers Central Financial Assistance (CFA) that covers 40% of the costs for systems up to 3 kW.

State-Level Subsidies

At the state level, the governments are coming up with various schemes to promote the use of solar energy. States such as Rajasthan, Uttar Pradesh, Tamil Nadu, Maharashtra, and Punjab offer great subsidies for the installation of solar panels.

Benefits of Installing a 2 kW Solar Panel System 

1. Cost Savings

A 2 kW solar panel price is not only affordable during the installation process but also cost-effective in the long run. You'll be generating your own electricity. You know what that means? No sky-high electricity bills! The photovoltaic panels create power that is not only clean but also wallet friendly. 

2. Environmental Impact 

You already know that solar energy is good for the environment. There are many benefits of installing rooftop solar panels. Not causing harm to the environment is one of them. The electricity that these panels produce is completely clean and green. 

3. Energy Independence

Along with the affordable 2 kW solar panel price, you get the amazing benefit of energy independence. An off-grid solar system will generate electricity for you and even store it for later use reducing your reliance on the local utility grid. You no longer have to worry about the price fluctuations and frequent power cuts.

4. Increases Property Value

Installing solar panels at your house means contributing to the property value. It's a known fact that homes that are properly furnished with solar power systems are seen as attractive and beneficial. This attracts many potential buyers who are ready to invest in your property! 

5. Government Incentives & Subsidies

The Government of India encourages the use of solar energy a lot. This is why they offer various subsidies and incentives for installing solar panels, including the 2 Kilowatt solar panel system. If you opt for the subsidy, you’ll get off at your 2 kW solar panel price.

Conclusion

The 2kW solar panel price in India is a small price to pay for a huge leap towards a bright and sustainable future. No matter where your interest lies – off-grid, grid-tied, or hybrid solar systems – your investment will definitely pay off. Add to that the wonders of subsidies!  

When in doubt, turn to KLK Ventures for the absolute best solar solutions. Let us guide you to a brighter and energy-independent future!