The demand for solar panels is constantly growing. There are various capacity panels available according to generation output. One of the more common variants that are popular in India is the 1 kW solar panel. The panel suits an average Indian family with a lesser consumption of monthly power. Furthermore, the initial cost for setting up such panels is among the lowest today.
Let us check the 1 kilowatt solar panel price and all the other things you need to know before opting for this cost effective system.
Know more about 1 kilowatt solar panels
A 1 kW solar panel is amongst the more affordable and long-term beneficial panels in the market that caters to smaller houses with nominal power consumption. On an average, a 1 kW solar panel generates about 4-6 units of electricity per day, which is sufficient to cater smaller houses. Therefore, the initial cost of setting up a 1 kW solar panel price is on the lower side as a result. Here are some more facts about a 1kw solar system:
- Space Required: Talking from the space point of view, a 1 kW solar panel size takes only about 80 sq.ft of open space and fits places with limited area.
- Annual Energy Generated: Keeping the price point justified, a 1 kilowatt solar panel price results in a whopping 1,440 annual units of electricity. This in monetary terms would come to about INR 10,080.
- Value subsidy: Consumers installing a 1 kW panel solar on their terrace in an on-grid setup are entitled to a subsidy from the government under the PM Surya Ghar Muft Bijli Yojana. The subsidy amount as of 2024 is INR 30,000 for a 1kw system.
Advantages of 1kW Solar Panels
A 1 kW solar panel price is justified with all fairness. Yes, besides being smaller and having the least cost, the energy generation cannot be compared to that of a larger system. That being said, here are some advantages of installing a 1kw solar panel:
- Suits smaller properties: A 1 kw solar panel ideally suits houses with limited electronic gadgets and runs with basic equipment.
- ROI: An average person could expect an ROI of about 4-5 years at most to recover the initial installation cost. Additionally, users can use the solar panels for a period of 25+ years with consistent power generation and minimum maintenance. The service guarantee from the panel installers ensures routine checkups and over 2 decades of money savings for the consumers.
- Environment factors: Solar panels are carbon negative. Meaning, these systems do not generate or emit carbon emissions under any capacity. In short, you are using a carbon free alternative to generate power and reducing the overall grid-power usage for your homes. In due course, the government is aiming to reduce more grid-based power in the coming years and embark on a journey with carbon free alternatives.
- Energy Independence: Energy Independence remains one of the leading reasons why a majority of the population is migrating towards solar. Firstly, with the panels installed, this would mitigate any price rise in coal-led power and eventually maintain your annual budget. Secondly, houses can install solar panels and have sufficient batteries to phase out grid-based power completely.
Pricing aspect of a 1kW solar panel
1 kilowatt solar panel price comes at a range of INR 96,000-1,25,000. The price range varies according to different aspects, including:
- Type of panels: Difference of price in monocrystalline, polycrystalline and bifacial panels.
- Spare parts and mounts: Additional spare parts and mounts have varied prices according to their quality.
- Type of grids: The price varies according to grid type, including on-grid, off-grid and hybrid grids.
- Storage: In case of the owner opting for battery storage, the final price would vary.
Applying for solar subsidy can only be done on on-grid panels with net metering arrangement. To apply, owners need to possess the completion certificate to the portal of PM Surya Ghar Muft Bijli Yojana and complete the paperwork formalities digitally. This would ensure a moneyback of INR 30,000 for 1kW solar panel on the consumer account within 30 days of applying.
Explain the position of Freyr Energy
Freyr Energy has remained consistent in its approach to make solar panels affordable for Indians. This has facilitated a 1 kilowatt solar panel price to remain affordable and easily available across the country. Our panel experts would help you throughout installation and assist in applying for the government subsidy. This and a service warranty assures the panels remain in good shape throughout. Contact us today and embrace solar today.
Frequently Asked Questions
A 1 kilowatt solar panel price varies from INR 96,589 to INR 1,25,000. The price is without the subsidy of INR 30,000 included.
A 1 kilowatt solar panel produces around 4-6 units of current per day. This sums up to 1,440 units of current annually.
The size of a 1 kilowatt solar panel usually contains 4 panels of 250 watts each. This sums up the total size along with the mounts installed.
The size of a 1 kilowatt solar panel is usually accommodative for a space of 80 sq.ft of uninterrupted open space.
A 1 kilowatt solar panel can be used to run basic home appliances like TV, fan and light for a few hours. Heavy duty items like AC, motors and fridge might require panels of more capacity.
