Switching to solar power is one of the smartest investments you can make today. It’s eco-friendly, cost-effective, and comes with significant long-term savings on electricity bills. For households with moderate energy needs, a 2kW solar plant is the perfect entry point into renewable energy. But what exactly is the price of a 2kW solar plant in India, and what factors should you consider before purchasing one?
In this comprehensive guide, we will dive into the 2kW solar plant price, the types of solar systems available, and what subsidies can help make it more affordable.
Why Choose a 2kW Solar System?
A 2kW solar system is designed to generate about 8 units of electricity per day under optimal conditions, which amounts to roughly 220-260 units per month. This makes it ideal for households that consume a similar amount of electricity. If you fall into this category, a 2kW solar plant could power your home efficiently, significantly reducing your electricity bills.
Factors Affecting the 2kW Solar Plant Price
The price of a 2kW solar system in India varies based on multiple factors such as the type of solar panels used, the brand, and the installation specifics. However, the typical price range for a 2kW solar system in India generally falls between ₹1,30,000 and ₹1,70,000. This price range includes equipment like solar panels, inverters, wiring, and installation costs. Let’s break down some of the key elements that influence pricing:
- Type of Solar Panels:
The two main types of solar panels are monocrystalline and polycrystalline panels. Monocrystalline panels offer higher efficiency (19-21%) but come at a higher cost, while polycrystalline panels are slightly less efficient (16-18%) but more affordable. Monocrystalline panels generally last longer, making them a more valuable long-term investment. - Inverter Type:
The solar inverter is an essential component that converts the Direct Current (DC) generated by the panels into usable Alternating Current (AC). High-quality inverters, such as MPPT (Maximum Power Point Tracking) inverters, can boost the system’s overall efficiency, but they can also add to the total cost. - Solar Batteries (for off-grid or hybrid systems):
If you opt for an off-grid or hybrid system, you’ll need batteries to store surplus energy. These can add significant cost, depending on the storage capacity you choose. - Installation Costs:
Proper installation is critical for the system’s performance and durability. Costs will vary depending on your location, roof type, and any structural reinforcements that may be required.
Types of 2kW Solar Systems
When choosing a 2kW solar plant, you’ll have three options based on how the system interacts with the electrical grid. These are:
- On-Grid Solar System
An on-grid solar system is the most common choice for urban households. It is connected directly to the grid, meaning you can draw electricity from the grid when needed and sell excess power back to your electricity provider. This is the most cost-effective option and comes with lower maintenance needs. The price range for an on-grid 2kW system typically falls between ₹1,30,000 and ₹1,60,000. - Off-Grid Solar System
Off-grid systems are popular in rural areas where grid access is limited or unreliable. These systems store excess energy in batteries for later use, ensuring your home remains powered even during outages. However, off-grid systems are more expensive due to the need for storage batteries, and their price generally ranges between ₹1,50,000 and ₹1,80,000. - Hybrid Solar System
A hybrid system combines the best of both worlds: it connects to the grid while also having a battery backup. This means you can store energy for emergencies but also rely on the grid when needed. Hybrid systems tend to be the most expensive option, with prices ranging between ₹1,70,000 and ₹2,00,000.
What to Expect from a 2kW Solar System
A 2kW solar plant is capable of powering small to mid-sized homes, especially if your daily electricity needs are around 8 units or less. Here’s what a 2kW solar system can typically support:
- Air conditioners (small units)
- LED lights and fans
- TVs, laptops, and mobile chargers
- Refrigerators and washing machines
If your household uses around 240 units of electricity monthly, a 2 kW system will cover most, if not all, of your needs.
2kW Solar Plant Price in India After Subsidies
In India, the government offers attractive subsidies to encourage the adoption of solar power. These subsidies can substantially reduce the price of a 2kW solar plant, making it more accessible for households.
Under the national Direct Benefit Transfer (DBT) scheme, you can receive a subsidy that is directly credited to your bank account after the system is installed. For systems up to 3 kW you can avail of a total subsidy of ₹78,000 under the PM Surya Ghar Muft Bijlee Yojana. Here is a general breakdown of the applicable subsidy amount:
₹30,000/kW for up to 2kW = ₹60,000
An additional state subsidy will be applicable if you belong to Uttar Pradesh which comes out to ₹15,000/kW up to ₹30,000 max.
Using these subsidy schemes, a 2kW solar plant price can drop by ₹60,000 to ₹90,000. The final price of a 2kW solar plant can be reduced to as low as ₹50,000 to ₹80,000 after subsidy depending upon your state of residence.
Specifications of a 2kW Solar System
Before purchasing a 2kW solar system, it’s important to ensure that it complies with the technical standards set by the Ministry of New and Renewable Energy (MNRE). A typical 2kW system includes:
- Solar Panels: ALMM-approved monocrystalline or polycrystalline panels.
- Inverter: MPPT inverter for maximum efficiency.
- Mounting Structure: Galvanized and IS-compliant.
- Cabling: High-quality solar AC and DC cables, around 50 meters in length.
- Performance Testing: Minimum 75% performance ratio.
Benefits of Installing a 2kW Solar System
Now that you understand the price range and technical aspects, let’s look at the benefits of owning a 2kW solar plant:
- Significant Savings on Electricity Bills:
With a 2kW solar plant generating around 240 units per month, you can drastically reduce or even eliminate your electricity bills. - Increased Property Value:
Homes equipped with solar systems often fetch higher resale prices due to their energy efficiency and long-term savings potential. - Environmentally Friendly:
Solar energy is a renewable source that helps reduce your carbon footprint, contributing to a cleaner, greener planet. - Long Lifespan:
Solar panels typically last for 25 years or more, making the initial investment a wise choice for the long term.
FAQs on 2kW Solar Plant Price
Q1: How much does a 2kW solar system cost in India?
A 2kW solar plant price in India ranges between ₹1,30,000 and ₹1,40,000, depending on the type of system and the components used.
Q2: Is a 2kW solar system enough for my home?
If your household consumes around 220-260 units of electricity per month, a 2kW system will likely be sufficient for your needs.
Q3: How much subsidy can I get for a 2kW solar plant?
Under the PM Surya Ghar Muft Bijli Yojana scheme, you can avail of a subsidy of ₹60,000 on a 2kW system.
Q4: How long does a 2kW solar system last?
Solar systems typically have a lifespan of 25 years, making them a long-term investment with great returns.
Conclusion
Investing in a 2kW solar plant is an excellent way to lower your electricity bills while contributing to a more sustainable future. With government subsidies available, the 2kW solar plant price becomes even more affordable, making it a smart choice for households with moderate energy consumption. Whether you opt for an on-grid, off-grid, or hybrid system, going solar is a decision that pays off in the long run.
So why wait? Get in touch with ZunRoof and take the first step towards energy independence today! Stay tuned to our blog for more. Learn more about the cost of a solar rooftop system in India.