COSTING OF A SOLAR PROJECT


The initial cost for installing a Solar Power Project has seen a downward trend since 2011, where the cost of Solar Panel, which is also the major contributor to cost of project, has reduced by 50% in last 4 years.

 

 

If you are living in an area where power cuts are less frequent and you want to implement solar PV system to reduce your electricity bills then the best solution would be to go for a Grid Connected Solar Power System. It will cost you anywhere between 40,000-70,000 per kWp (cost varies based on the type of inverter and panels you choose). 

 

If you are living in an area where there are frequent power cuts, then the best solution for you would be to go for an Off-Grid Solar Power System. Off Grid Solar PV system will include batteries, which are an expensive part of the system and these would need replacement every 4-7 years. A typical Off Grid Solar PV System would cost about Rs 90,000-1.25 lakhs per kWp.

 

On Grid (Without Backup): 10 kW Solar Power Project:

 

10 KW PROJECT COST

 Rs. 6,00,000

PV Panel

50.46%

Rs. 3,02,760

Inverter

17.59%

 Rs. 1,05,540

GI Structures

7.92%

 Rs. 47,520

Cables & BOS

12.37%

 Rs. 74,220

Installation, Earthing & Civil Work

5.93%

 Rs. 35,580

Regulatory & Subsidy Approvals &  AMC 1st Year

5.73%

 Rs. 34,380

LESS: SUBSIDY

30.00%

 Rs. 1,80,000

NET PROJECT COST

 Rs. 4,20,000

GST @ 5% & FREIGHT EXTRA

*70% SUBSIDY FOR NORTH-EAST STATES

  • Jul 01, 2017
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