Cost of Rooftop Solar Power System Rs 22,000
The $0.167/watt average solar panel price noted above is just for the solar panels. There are many other costs that go into a rooftop solar power system, including the installation cost and various operational and overhead costs that a solar installer works into the price.
The price of a 1 kW rooftop solar power installation has dropped to just about Rs 22,000 making it far more competitive and affordable than conventional sources of energy, particularly from polluting coal-fired plants.
To make the subsidy scheme work, Punjab has announced subsidies for grid-connected rooftop solar systems ranging between 1 and 10 kW only in the residential sectors. The subsidy is not available for installations in the non-residential sectors like social, government, educational, public sector undertakings, statutory or autonomous bodies, private, commercial, and industrial sectors.
"At Rs 22,000 for a 1 kW installation, rooftop solar would be the cheapest source of power for household ..
According to the MNRE statement, rooftop solar installations up to 3 kW will qualify for a subsidy of 40 per cent. For rooftop solar installations above 3 kW, and up to 10 kW will get a subsidy of 40 per cent for the first 3 kW and 20 per cent for the remaining capacity, and for installations above 10 kW, it is 40 per cent for the first 3 kW and 20 per cent for the remaining 7 kW. However, there's no subsidy beyond 10 kW capacity.
