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1kW, 3kW, 5kW Solar: Which is Right for Your Home? Cost, Subsidies, and Savings Explained!
- •Many are installing 1kW, 3kW, or 5kW solar panels to reduce high electricity bills.
- •The 'PM Surya Ghar Yojana' scheme has boosted rooftop solar system installations nationwide.
- •Solar system costs vary by capacity; subsidies are received after installation, not upfront.
- •A 1kW solar system costs Rs. 25,000 out-of-pocket and recovers costs in about 25 months.
- •3kW and 5kW systems recover their costs in approximately 3 years and just over 3 years, respectively.
Key Questions Answered
A 1 kW solar system costs approximately 55,000 rupees to install with a 30,000 rupee subsidy, leaving an out-of-pocket cost of 25,000 rupees. By saving about Rs. 1,000 per month on electricity bills, the total installation cost is recovered in 25 months, which is about 2 years.
Installing a 3 kW solar system costs approximately Rs. 82,000 after deducting a subsidy of Rs. 78,000. It generates up to 400 units of electricity per month, saving about Rs. 2,500 monthly on electricity bills, allowing you to recover the full cost in about 3 years.
A 5 kW solar system costs around Rs. 2.5 lakhs, and after a Rs. 78,000 subsidy, you must spend approximately Rs. 1.82 lakhs from your own money. Because it saves up to Rs. 4,500 monthly on electricity bills, the total cost can be recovered in a little over three years.
