2kW Solar Panel Price in India with Subsidy – Latest 2024

India wants to add 100GW of solar power by 2022. This much solar energy can light up about 20 million homes. A 2kW solar panel system is perfect for small homes or offices. It lets you join the move to clean energy.

With the system, 1-3 people can power their lights, fans, and more using the sun’s energy. Instead of paying for power, you can save money. You might save as much as ₹3,000 a month. Plus, it makes your place more eco-friendly.

Although solar panels can be expensive, the Indian government helps by offering big subsidies. In this guide, we will show you the latest prices for 2kW solar panels in India. We’ll also explain how to get the best out of the government’s solar power offers.

Key Takeaways:

• The 2kW solar system can power the day-to-day needs of 1-3 people, generating up to 10 units of electricity per day.
• Solar panels are now more affordable than ever, with the option of government subsidies to further reduce upfront costs.
• A 2kW solar system can help you save up to ₹3,000 per month on your electricity bills.
• Fenice Energy offers comprehensive clean energy solutions, including solar, backup systems, and EV charging, backed by over 20 years of experience.
• India aims to install 100GW of solar power by 2022 as part of its renewable energy goals, driving adoption through federal and state subsidies.

Introduction to 2kW Solar Panel Systems

Renewable energy is becoming more popular in India. The 2kW solar panel system is a top choice for many. It produces free electricity and is good for the environment. India aims to have 100GW of solar by 2022. This goal has led to support for solar use at home and in offices.

Benefits of Going Solar for Homes and Offices

Using a 2kW solar system can help your home or office in many ways. It lets you make your own clean energy. This means less electricity from the grid and lower power bills. A 2kW system can save you up to INR 3,000 a month.

India’s Solar Power Potential

India is quickly growing its solar energy thanks to clear goals and support. The government offers help like the Central Financial Assistance (CFA). This helps make solar power more affordable. With solar technology getting cheaper, more people are choosing solar for their rooftops.

2kW Solar Panel System Specifications

Let’s explore the key details of a 2kW solar panel system. This will help us understand what it can do.

Key Components of a 2kW Solar System

A 2kW solar system has important parts. These include high-efficiency solar panels, a strong mounting structure, a dependable inverter, and more. These parts work together to capture the sun’s energy. Then, they turn it into electricity for your home or office.

Energy Output and Appliance Capacity

This system can make up to 8 kWh of electricity a day. That’s enough to power many home appliances. It’s perfect for small to medium-sized homes or businesses. Learn more at Fenice Energy, which has over 20 years in the industry.

Each year, a 2kW system can produce around 2,871 kWh of electricity*. This makes it a great choice for both homes and businesses. By getting this solar system, you can cut down on your electricity costs. You also help India reach its renewable energy goals.

2kW Solar Panel System Price in India

The cost of solar panels matters a lot to home and small business owners. But, in India, there are many subsidies and incentives available. This makes installing a 2kW solar panel system more affordable.

On-Grid, Off-Grid, and Hybrid System Costs

The prices for a 2kW solar system in India differ based on the system type. A 2kW on-grid system starts from Rs. 1,44,000. Meanwhile, an off-grid system costs about Rs. 1,60,000. A hybrid 2kW system, combining on-grid and off-grid benefits, can cost around Rs. 2,00,000.

Our additional source talks about the cost of an off-grid system. A 2kW off-grid solar system with installation will be about Rs. 1,80,000. They recommend this for places with power cuts or a weak grid.

Delhi is at the forefront of using rooftop solar technology. The city offers solar systems at very attractive prices. For a 2kW solar system in Delhi, the cost ranges from Rs. 90,000 to Rs. 120,000.

2kw solar panel price in india with subsidy

The Indian government wants to spread the use of renewable energy, such as solar power. They have set up various subsidy programs. These help to bring down the costs of setting up a 2kW solar panel system. This makes solar power a more affordable option for both homes and businesses.

Central Financial Assistance (CFA) Subsidy

The Central Government in India is providing a simple subsidy for solar. For every kW of solar system installed at a home, ₹18,000 will be given for the first 3 kW. After that, the subsidy is ₹9,000 per kW, up to 10 kW in total.

A 2kW system then gets a ₹36,000 CFA subsidy. This reduces the cost, making solar power more practical for many.

State-Level Solar Subsidies

On top of the CFA scheme, states offer their own solar subsidies. Special states might offer up to 70% in additional support, while others could reach up to 30%. As an example, Uttar Pradesh gives an extra ₹30,000 for a 2kW system. With both central and state subsidies, the price can drop significantly.

By combining central and state support, the cost of a 2kW system falls by 40-80%. This makes investing in solar panels a wise move. It helps reduce electricity bills for homeowners and businesses.

2kW Solar Panel System Prices After Subsidies

In India, a 2kW solar panel system can be more affordable thanks to many subsidies. The government’s Central Financial Assistance (CFA) subsidy cuts the upfront cost. This makes the system cheaper for buyers.

A 2kW solar system, connected to the grid, starts at about ₹1,44,000 in India. After a ₹36,000 CFA subsidy, the price drops. A 2kW hybrid system costs around ₹2,00,000 without the subsidy. After the ₹36,000 subsidy, its price falls to ₹1,64,000.

Many Indian states also give extra help for solar panels on rooftops. In Karnataka, a 2kW system costs about ₹95,000 after a 25% state subsidy. In Tamil Nadu, it’s around ₹90,000 with the same subsidy.

Bangalore shows the best prices when you count all the subsidies. A 2kW system could cost only ₹38,000 to ₹44,000 after 75% in combined CFA, state, and municipal help.

Fenice Energy provides top-notch solar energy technologies. They have 20 years of experience. With their help and many subsidies, using solar power is now a great choice for many in India.

Working and Benefits of a 2kW Solar System

A 2kW solar system mainly works with solar panels. These panels have many solar cells inside them. They catch sunlight and turn it into electricity. Then, a part called the solar inverter changes this electricity into a type that can power your home appliances.

How a 2kW Solar System Works

The solar cells from the panels absorb sunlight. This creates power that moves to the inverter. The inverter changes this into electricity that your home can use. This energy from the sun can save you a lot of money and help the planet for 25-30 years.

Cost Savings and Environmental Gains

Using a 2kW solar system can cut your power bills. If you live in a small house with only a few people, it might completely cover your electricity needs. Plus, every bit of solar energy you use at home lessens the need for power from the grid. This helps the environment a lot by reducing the use of fossil fuels.

Types of 2kW Home Solar Panel Systems

For your home’s solar power, you can choose from three main types of 2kW solar panel systems: on-grid, off-grid, and hybrid. Learning about the benefits of each system is the first step to finding the ideal match for your home or business.

On-Grid 2kW Solar System Specifications

A grid-connected 2kW system is a great choice for many in India. It lets you send extra solar energy to the main grid. In return, you earn credits that can lower your electricity bills. These systems come with solar panels, an inverter, and a net meter to monitor your energy use and exchange with the grid.

Off-Grid 2kW Solar System Specifications

With an off-grid 2kW system and a battery bank, you’re ready for power outages. Since it doesn’t rely on the grid, your home or office stays powered even during disruptions. This setup produces and stores all the solar energy it needs on its own.

Hybrid 2kW Solar System Specifications

The hybrid 2kW system is perfect for those who want the best of both worlds. It has solar panels, an inverter, and a battery bank. This setup lets you use solar power directly, store extra energy, or share any surplus with the grid. It ensures you always have power, plus it’s very efficient.

2kW Solar System Prices Across Major Indian Cities

Solar technology is moving ahead fast. Along with this, government help is making it cheaper. Many in India now pick 2kW solar systems to power their places. Let’s check out what these solar systems cost in key Indian cities.

Delhi

In Delhi, getting a 2kW solar system can cost about ₹63,000 to ₹84,000 after you use subsidies. This city needs a lot of energy. People here care more about the environment, too. That’s why 2kW solar systems are quite popular for houses.

Bangalore

In Bangalore, the final cost of a 2kW system, after all subsidies, is around ₹38,000 to ₹44,000. Thanks to its forward-thinking solar policies and more people making it their home, Bangalore leads in solar use in India.

Hyderabad

Hyderabad offers 2kW systems at ₹56,000 to ₹70,000 after deducting the 30% CFA subsidy. As Telangana’s capital city, Hyderabad is seeing more rooftop solar setups. This is because the state encourages using renewable energy, and the sun here shines bright.

Chennai

In Chennai, after using the 25% state subsidy, a 2kW solar system can be yours for ₹45,000 to ₹52,500. Chennai enjoys plenty of sunshine and is big on green power. This mix makes the city a great pick for solar panels at homes.

Mumbai

In Mumbai, there are no state solar subsidies for now, but the MCGM offers 10-15% extra support. With this help, a 2kW system can cost you just ₹56,000 to ₹72,000. Mumbai, the finance hub of India, is quickly embracing solar energy to meet its clean power needs.

Installation Process and Requirements

Installing a 2kW solar panel system is not easy and needs a lot of thought. You have to think about the space where you want to put the panels. Usually, you need about 120 sq. ft. for this. Make sure this area gets no shade. Shade makes the panels work less well.

Space and Area Needed for 2kW Solar Panels

The size and shape of your solar panels depend on the brand and model. They also need enough space on your roof or land. Fenice Energy’s experts can figure out the best way to set up your 2kW solar panels. This will help you get the most out of them.

Applying for Solar Subsidies

In India, you can get help paying for your solar panels through subsidies. After you install them, there’s some paperwork to do. Fenice Energy can help you with this. They’ll handle stuff like the Central Financial Assistance (CFA) claim. You’ll also need receipts and other papers. You might have to apply for more help from your state or town. This is to get extra benefits.

Working with Fenice Energy makes getting these subsidies easier. This can lower the cost of your solar panel system. It also helps you get your investment back faster.

Financing Options for 2kW Solar Systems

Many people in India want to use solar energy in their homes and small businesses. But buying a 2kW solar system can be costly upfront. Luckily, there are ways to help make solar energy more affordable.

Solar Loans and EMI Plans

There is a way to get a loan for a 2kW solar system. To start paying for a solar panel through EMI, you’ll need to pay 20% in the beginning. The interest you pay ranges from 9% to 12.5%. You can choose to pay off this loan in 6 to 60 months. This means you can pay for your solar system over time, not all at once.

Buying a 2kW solar system lets you produce up to 2000W of electricity. How soon you get your money back depends on where you are, how much energy you use, and possible incentives. These solar systems usually cost about ₹1,20,000. You can earn back this money in 2 to 6 years*.]

Financing Option	Downpayment	Interest Rate	Tenure
Solar Loan	20%	9% – 12.5%	6 – 60 months

These financing options can help you switch to solar power without facing a big, immediate expense. They make clean, renewable energy more within reach. This move can help support India’s drive towards more renewable energy.

Choosing the Right Solar Company

It’s important to pick the right solar installer for your 2kW system in India. Look at key factors for a trouble-free setup and good future performance. Fenice Energy has over 20 years in the business, offering top-notch clean energy solutions like solar panels and EV charging.

Factors to Consider When Selecting a Solar Installer

When you’re getting a 2kW solar setup, the solar company’s experience and standing matter a lot. Also, check their warranties, customer service, and how you can pay. Picking a well-regarded and reliable company is crucial. Make sure they can keep their promises and help you out through the years.

Fenice Energy boasts a team of experts with the best certifications. They are all about satisfying their customers. Homeowners and businesses trust them for their solar needs in India. They offer a complete package that ensures your solar system runs well for years to come.

Conclusion

If you’re thinking about getting solar panels with a subsidy, Fenice Energy is here to help. Their team will guide you in picking the right 2kW solar system. They will offer a detailed cost breakdown and aid with the subsidy application process. Fenice Energy is a leader in clean energy solutions, like solar, backup systems, and EV charging, with over 20 years of experience.

India aims to reach 100GW of solar power by 2022. To help meet this goal, the government is providing significant solar subsidies. These include Central Financial Assistance (CFA) and state-level support. Combining these incentives could lower the cost of your rooftop solar system by 40-80%. This makes the move to solar power very affordable.

By choosing a 2kW solar panel system, you’ll cut your electricity costs. You’ll also be helping India become more energy sustainable. Lower solar panel prices and government support make this the perfect time to switch to solar. Enjoy the perks of clean, low-cost power at home or the office.

FAQ

What are the benefits of a 2kW solar panel system for homes and offices?

A 2kW solar panel system lets you make your own power for free. It makes your home or office more sustainable and saves you money on energy bills. This system can power your basic appliances, lessening your need for electricity from the grid.

What are the key components of a 2kW solar system?

A 2kW solar system includes solar panels, a mount, an inverter, and you can add batteries. You’ll also need cables, fuses, and more. It can create 8-10 kWh daily, which is enough for a small space.

What are the different types of 2kW solar systems available in India?

India offers on-grid, off-grid, and hybrid 2kW solar setups. On-grid connects to the main power grid, off-grid uses batteries for backup, and hybrid is a mix. Each system has its own benefits.

What are the typical prices of a 2kW solar system in India?

The cost starts at about Rs. 1,44,000 for on-grid and goes up to Rs. 2,00,000 for hybrid. You can lower these costs by 40-80% with government help. This makes going solar more affordable.

What subsidies are available for a 2kW solar system in India?

The government offers a big subsidy on solar. For the first 3 kW, it’s Rs. 18,000 per kW, and then Rs. 9,000 per kW up to 10 kW. Some states also give more subsidies, up to 70% in special places.

How much do 2kW solar systems cost in different Indian cities after subsidies?

With all subsidies, a 2kW system can cost as little as Rs. 38,000 to Rs. 44,000 in Bangalore. In Hyderabad, it’s Rs. 56,000 to Rs. 70,000. Chennai sees prices of Rs. 45,000 to Rs. 52,500 and Mumbai’s range is Rs. 56,000 to Rs. 72,000.

What are the installation requirements for a 2kW solar system?

To install a 2kW system, you’ll need 120 sq. ft. of space without shadows. You must also complete some paperwork for subsidies with your state’s energy authority.

What financing options are available for a 2kW solar system?

You can get solar loans or EMI plans that need a 20% downpayment. Interest rates typically range from 9% to 12.5%. Loans can be as short as 6 months or as long as 5 years.

How do I choose the right solar company for my 2kW system?

Consider the company’s experience, certifications, reputation, and warranties when choosing an installer. Good after-sales support and financing options matter too. Pick a reliable company for a smooth install and good long-term results.