How much does a 20 kW solar system cost in India?

In India, the average 20kW off-grid solar system price is Rs. 13,40,000 INR approximately. You have now understood that the 20 kW solar system price is based on various factors such as panels, batteries, inverters, charge controllers, wires, and additional costs.

How much does a 20kW Solar System cost?

Based on current electricity costs, you can expect a 20% return on your investment per year on the panels alone. The typical cost of a 20kW solar system is approximately $40,000. However, it is important to note that prices have come down substantially over the past decade, making solar energy more affordable for a wider range of consumers.

What is a 20 kW solar panel?

A 20 kW solar panel comprises various components, which vary slightly for on-grid and off-grid systems, leading to a significant difference in their costs. There is a lot of thought process involved while looking for a solar system. A 4kW system is suitable for most homes.

How big is a 20 kW solar system?

Most solar panels have a capacity of 300 watts. To achieve a 20kW solar system, you will need 67 or more panels. Each panel occupies approximately 17 square feet, resulting in a total footprint of 1133 square feet for a 20kW solar system.

Should you invest in a 20kW Solar System?

Investing in a 20kW solar system can bring significant financial benefits, particularly if you reside in an area with ample sunlight. With the potential to generate $6,205 worth of electricity every year, a 20% return on investment can be achieved based on the current costs of panels ($40,000 for this system).

Why is MNRE subsidy on solar a big deal in India?

Investing in a solar system is a big deal in itself. Many people want to install a solar system but they are not able to do so because of its high initial cost. Therefore, the central government has launched the MNRE subsidy on solar scheme to promote green energy and to help people across India.