Loom Solar Panel Price In India 2024

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Loom Solar Panel Price 2024: Are you considering a shift to solar power for your home’s energy needs? Wondering about the cost and benefits of a 3kW solar panel system in India with available subsidies? Let’s break it down.

In most homes, essential appliances like water pumps, refrigerators, coolers, TVs, washing machines, laptops, lights, fans, and irons contribute to daily energy consumption. Installing a 3KW Off-Grid Solar System is a popular choice, with experts recommending a load of up to 80% of the inverter capacity for optimal performance.

The approximate cost of a 3kW Solar System in India is Rs. 2,85,000, with pricing subject to variation. This cost includes the necessary products, delivery, and installation. It’s important to note that this is an estimated figure.

On average, a 3kW solar system generates 12-15 units per day and 4,320-5,400 units annually. According to PV Watts, this results in savings of approximately Rs. 84-105 per day and Rs. 30,240-37,800 per year.

3kW solar panel price in India with subsidy

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For those interested in on-grid systems, the average price for a 3kW, 1Phase on-grid solar system is Rs. 1,80,000 to Rs. 2,25,000. This price includes products, delivery, and installation.

Subsidy Information:-

To encourage solar adoption, the government offers subsidies. Here are the eligibility requirements:-

  • Subsidies are available for domestic consumers, not commercial or industrial consumers.
  • The solar system must be an on-grid system.
  • The sanctioned load should not exceed 10kW.
  • The central government provides a subsidy of Rs. 43,764 for 3kW on-grid solar systems, with additional state subsidies available in some regions.

It’s important to note that while the government provides a subsidy, individuals need to cover the upfront cost of the solar project. The subsidy amount is typically credited to the consumer’s bank account within 30-60 days after net metering installation.

Read also: Top 5 Solar Panel Manufacturers In 2024

3kW Solar System with Battery

For those considering a solar system with a battery, the average cost is Rs. 3,00,000. This includes solar panels, inverters, batteries, system balancing, transportation, installation, and a one-year service warranty. It’s worth mentioning that there is no subsidy available for solar systems with battery banks as per MNRE policy.

Determining the Number of Solar Panels

To meet a 3KW requirement:-

  • Polycrystalline solar panels (340Watt): 9 panels
  • Mono PERC solar panels (375Watt): 8 panels
  • Super high-efficiency PV module (430Watt): 6 panels

Making the switch to solar not only contributes to a greener environment but also offers long-term financial benefits. Explore the options and subsidies available to make an informed decision for your energy needs.

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