Solar Panel Cost Formula:
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Definition: This calculator estimates the approximate cost of solar panel systems in India based on system size.
Purpose: It helps homeowners and businesses get a quick estimate of solar panel installation costs in Indian Rupees.
The calculator uses the formula:
Where:
Explanation: The calculation uses an average cost of ₹50,000 per kW for solar panel systems in India.
Details: Accurate cost estimation helps in budgeting, comparing quotes, and financial planning for solar installations.
Tips: Enter the desired system size in kW (typical residential systems range from 1kW to 10kW).
Q1: Is ₹50,000/kW accurate for all systems?
A: This is an average estimate. Actual costs may vary based on panel quality, installation complexity, and location.
Q2: What does the cost include?
A: The estimate includes panels, inverter, mounting structure, wiring, and basic installation (but confirm with your provider).
Q3: How do I determine my required system size?
A: Check your electricity bills for monthly kWh usage and divide by 120 (average monthly sun hours in India).
Q4: Are there government subsidies available?
A: Yes, the Indian government offers subsidies that can reduce this cost by 20-40% for residential systems.
Q5: How long do solar panels typically last?
A: Most quality solar panels have 25-year performance warranties, with gradual efficiency decline after that.