Understanding the Cost of a 5 kW Solar Power Plant in Kerala
As solar energy gains popularity across India, many homeowners and businesses in Kerala are opting for solar power to reduce electricity bills and promote sustainability. A 5 kW solar power plant is an ideal solution for medium-sized homes or small businesses. If you're considering installing a 5 kW solar system in Kerala, it's crucial to understand the costs involved, including equipment, installation, and government subsidies.
Cost Breakdown of a 5 kW Solar Power Plant in Kerala
The cost of a 5 kW solar power plant in Kerala varies depending on the quality of components, installation charges, and additional features. Here is a general breakdown:
Solar Panels: INR 1,40,000 – INR 1,75,000
Inverter: INR 55,000 – INR 80,000
Mounting Structure: INR 25,000 – INR 40,000
Wiring & Other Accessories: INR 20,000 – INR 30,000
Installation Charges: INR 25,000 – INR 40,000
If you're searching for the 5 kW solar panel price in Kerala, these figures provide a clear estimate of the investment required.
Total Estimated Cost
The total cost of a 5 kW on-grid solar power plant in Kerala typically ranges between INR 2,65,000 and INR 3,65,000 before applying subsidies. This on-grid solar system cost in Kerala can vary based on the quality of components and service providers.
Government Subsidies for Solar Power in Kerala
The Indian government, under the PM Surya Ghar Muft Bijli Yojana, offers subsidies to encourage solar adoption. For residential installations, the subsidy can reduce the cost significantly:
40% subsidy for systems up to 3 kW
20% subsidy for the remaining capacity between 3 kW and 10 kW
For a 5 kW system, you can expect to receive a subsidy of approximately INR 78,000 to INR 90,000, bringing the net cost to INR 1,85,000 to INR 2,85,000.
Return on Investment (ROI)
A 5 kW solar power plant can generate approximately 20-25 units per day, saving you around INR 3,500 – INR 5,000 per month on electricity bills. Over 5-6 years, the system typically pays for itself, while the panels last for 25 years with minimal maintenance.
Why Choose Solar Power in Kerala?
Reduced Electricity Costs: Significant savings on power bills.
Eco-Friendly: Lowers carbon footprint and promotes renewable energy.
Government Support: Attractive subsidies to reduce upfront costs.
Conclusion
Investing in a 5 kW solar power plant in Kerala is a smart financial and environmental decision. With government subsidies and long-term energy savings, you can enjoy clean, cost-effective electricity for decades. Consult with a certified solar installer in Kerala to get accurate quotes and start your solar journey today!
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