Solar Panel Installation Cost in India and Easy Financing
3–5 minutes
Introduction
What if your home could run on free electricity every day?
That is no longer a dream in India. In the last five years, the PM Surya Ghar: Muft Bijli Yojana has helped more than 10 lakh homes install solar panels. The target is to reach 1 crore installations by 2026–27.
The government is also offering up to a 40% subsidy on installation. In India, Rajasthan, Maharashtra, Gujarat, and Tamil Nadu are leading for the same. Chandigarh and Daman & Diu have already met 100% of their rooftop solar targets on government buildings.
Solar power is no longer limited to a few homes. It is for every family that wants lower bills and a secure future.
Yet one question holds people back: what is the solar panel installation cost in India?
In this blog, we will explain solar panel costs, power needs, and easy personal loan options.
Understanding Solar Panel Installation Cost in India
The price of solar panels depends on system size and home requirements. Here is what you can expect:
- Average Cost: ₹40,000 to ₹70,000 per kW.
- Per Sq. Ft. Cost: ₹150 to ₹250 for installing solar panels on the roof.
- By House Size:
- A 2BHK unit requires approximately 2–3 kW. Cost: ₹1–₹2 lakh.
- A 3BHK unit requires approximately 4–5 kW. Cost: ₹2–₹3.5 lakh.
Solar panel installation companies give two choices. One is an on-grid system. It connects to the main electricity line and costs less. The other is an off-grid system. It needs batteries for backup, so the price is higher.
How Much Power Do You Need for Your Home?
Families often ask: Is 2kW enough to run a house? The answer depends on your usage.
- 2kW: Runs fans, lights, TV, and small devices.
- 3–5kW: Handles fridge, washing machine, geyser, and regular use.
- 6kW+: Needed for air conditioners or multiple heavy appliances.
Yes, you can run an AC on solar, but it requires higher capacity and battery support. Before deciding, list your daily power use. Solar panel installation companies can help calculate exact needs.
Hidden Expenses You Should Know Before Installing Solar Panels
Most people check only panel prices. But a solar setup has more parts. These add to the final bill.
Inverter (₹15,000–₹50,000)
It’s the brain of the system. It changes solar power into electricity your home can use. Without it, panels won’t run your fridge or TV.
Batteries (₹50,000–₹1.5 lakh)
They store power for use during blackouts. Skip them, and you still depend on the grid when the lights go out.
Wiring & Labour (₹20,000–₹50,000)
Safe installation matters. This covers fixing panels, running cables, and proper electrical connections. Good work keeps your system safe.
Maintenance (₹2,000–₹5,000 per year)
Dust, leaves, and bird droppings cut power output. A clean panel makes up to 20% more energy. Cleaning once or twice a year is enough.
Lifespan (20–25 years)
Panels last long. Over time, they lose some strength but still give about 80% power after 25 years.
These extras can add ₹30,000 to ₹2 lakh to your budget. Planning for them early saves surprises later.
Why Solar Panel Installation is a Smart Investment
At first, solar panel installation cost looks high. But the returns are clear:
- Lower Bills: A 3kW setup can cut bills by ₹2,500–₹3,500 a month.
- Payback Time: Most families recover the cost in 5–7 years. After that, electricity is almost free.
- Green Choice: Solar reduces pollution and supports India’s clean energy push.
The only hurdle is the upfront cost. This is where financing helps.
Easy Loan Options to Manage Your Solar Panel Cost
Solar panels are not cheap. You have to spend a good amount in the beginning, even though they save money later. For many families, arranging that much cash at once is tough. A personal loan can bridge this gap.
With a loan, you don’t need to mortgage your home or gold. You can spread the cost into easy monthly payments that suit your income.
The money also comes quickly, so you don’t have to wait long to start your installation. Most loans cover between ₹50,000 and ₹5 lakh, which is enough for an average home setup.
This is where WeCredit makes things simple. It connects you with various trusted lenders. It saves time, gives you a choice, and helps you move to solar without delay.
Conclusion
Solar is more than just cutting bills—it’s about energy freedom. Every panel on your roof reduces your dependence on the grid and adds value to your home.
With WeCredit, you don’t have to postpone this change. The right loan helps you switch today so you can enjoy savings, security, and a cleaner tomorrow.
