Solar power has led the charge of being the most reliable source of green energy in this day and age. Although the vast majority of our power requirements are still generated with the help of grid-based coal fuel alternatives, there has been a distinct reduction in the usage of grid-powered fuel in domestic usage, thanks to solar alternatives. With more people across different parts of the country interested in going solar than ever before, this brings in the picture of installing a solar panel system.
For a smaller house, a solar panel of 3 kW capacity would suffice with ease. However, for houses that are large or have more power consumption, a 10kW solar system caters perfectly.
Let us dive in more and learn about the 10kW solar panel price and the benefits of installing solar panels.
Understanding 10 Kilowatt Solar System
A 10 kilowatt solar system brings in several notable aspects, which is why it is popular. These include the reasons:
Ideal size for larger households
A 10kW solar panel system suits houses with over 3 BHK in size and has quite a few electrical appliances.
More Units guaranteed
A 10kW solar panel delivers an average of 1200 units per month or 40 units per day. This is enough to power a house for about 12-15 hours a day with regular appliances under usage.
Affordable for the price range
The 10kW solar panel price is affordable compared to the smaller sized panel systems.
Current Price of 10 kW Solar System
There are a few factors and constraints that determine solar panel 10kW price today. Additionally, buyers can make the most of the discounts via government subsidies that are available for the taking.
Ideally, a 10kW solar system price in India costs is around INR 6,10,331/- without subsidy. The maximum subsidy that can be applied for a 10 kW system is INR 78,000/-.
A resident can use the 10 kilowatt solar system to generate around 14,400 units annually and save approximately INR 1,15,200. This is a huge savings scheme and users can get the ROI in about 4-5 years after installing the panels.
In terms of space, the total area required is around 800 SFT, which would accommodate the entire system of 10kW solar power panels.
Subsidies Available for 10kW Solar panels
The government of India provides a maximum of INR 78,000 for systems beyond 3 kW. This is applicable to a 10 kW system as well.
Benefits of 10kW Solar System
Financial benefits of having a 10kW solar system
The idea of installing a 10 kW solar Power system earns you long-term financial benefits if you consider waiting only 5 years of time to gain back the ROI. Additionally, the government is offering financial subsidies on panels, which further reduces the burden of spending too much initially on solar panels.
Consumers can benefit hugely from using net metering opportunities in collaboration with local DISCOMS. The idea is to send any excess power generated in the panels back to the grid and earn financial rewards via more reduction in the power bills. This is a win-win situation that assures a reduction in bills to nearly 90%.
Ecological effects
A 10kW Solar System Price not only justifies financial returns but allows you to be a part of a longer mission of preserving the ecosystem. Your reliance on grid based power is reduced massively as solar panels derive usable power without emission and residue.
With the government of India set to achieve a long-term target of having a massive 500 gW plant of non-fossil fuel energy by 2030, your part could play a major role in achieving the social target.
Final thoughts
To sum it up, solar energy is here to stay for the foreseeable future. With government initiatives and subsidies, the hesitation level amongst common Indians on going solar has reduced immensely.
Contact Freyr Energy today and allow us to quote you the best pri