An In-Depth Guide on 2 KW Solar Plant Price – Types, Subsidies & Application
A 2KW solar system works similarly to other solar systems. However, it is suited for domestic use only. Households that consume approximately 220-240 units of electricity/month should install a solar system of this capacity.
Why? Because a 2 KW system, under ideal conditions, can produce 8 units of electricity/day i.e.240 units/month.
If that’s the consumption you have, this guide will walk you through the facts about a 2 KW solar plant price, subsidies you can avail of, and much more. Dive in!
How Does a 2KW Solar System Work?
If you are considering installing a 2KW solar system, you need to learn about how it operates so that you can use the solar system optimally.
The process of solar energy generation begins with solar panels, which are made up of photovoltaic cells to trap sunlight. The energy harnessed by the solar panels is Direct Current (DC), and the solar inverter converts this Direct Current to compatible Alternating Current (AC).
2 KW solar plant price range in India
It is difficult to pinpoint the exact cost of 2KW solar panels in India as the price varies depending on the type of solar panel and brand. There are two types of solar panels available for residential use, including —
- – Monocrystalline Solar Panels: The average lifespan of monocrystalline solar panels is 25 years. They have high efficiency (19-20%) due to their low-temperature coefficient (0.35% per deg C) and annual degradation rate of just 0.5% per year. Due to their high-quality build and efficiency, monocrystalline solar panels are priced higher than polycrystalline panels.
- – Polycrystalline Solar Panels: Polycrystalline solar panels are a cheaper alternative to monocrystalline solar panels. However, they have a lower efficiency (16-17%). In addition, as compared to monocrystalline solar panels, these panels have an annual degradation rate of 0.7%.
The general 2 KW solar plant price range is ₹1,40,000 to ₹1,80,000
Types of 2KW Solar Systems
There are three types of solar systems available for domestic use. The three options available on the market are-
1. On-Grid Solar System
2. Off-Grid Solar System
3. Hybrid Solar System
Now, let’s take a closer look at these options for Solar Systems.
- On-Grid Solar System
An on-grid solar panel system is more cost-effective and requires less maintenance than other systems. The most popular option for homeowners who want to switch to solar is an on-grid-connected set-up. The aforementioned price range is the 2 KW solar plant price for on-grid systems.
- Off-Grid Solar System
If you can’t connect to a local grid, an off-grid solar plant is perfect for your needs. Therefore, this system is mostly used in rural areas. It consists of solar storage batteries which store surplus solar energy for future use.
- Hybrid Solar System
A hybrid system is a combination of on-grid and off-grid features. This means you’ll be able to use battery backup and the system will also be connected to the grid. Using a hybrid solar system configuration, you can generate affordable solar energy to power your home in case of a power outage.
Specifications of a 2KW Solar Panel That You Should Know
According to the Indian government, a rooftop solar system should comply with the following features and standards:
| Solar Panels | Complying with MNRE standards and ALMM approved |
| Grid Connected Inverter | Complying with MNRE/BIS Standard regulations |
| Module Mounting Structure | Galvanised according to the applicable IS |
| Solar DC and AC Cables | Total 50 metres in length and should be as per MNRE standards |
| Performance Testing | At least 75% |
Specifications & Price of 2KW Solar Conversion Kit
Generally, the 2 KW solar plant price includes all solar system components. A 2KW solar conversion kit includes a solar charge controller, solar panel, and other solar accessories. See the complete list of specifications for this solar conversion kit below.
- – Type of Solar Panel: Monocrystalline or Polycrystalline
- – Technology: MPPT
- – Accessories: Crimping Tool, Fasteners, Lighting Arrestor, Cable Tie, Earthing Kit
Specifications & Pricing of 2KW 12 V & 2KW 24 V Solar Systems
2KW solar power systems come in two configurations: Off-grid and Hybrid. You’ll find many factors that impact the cost of your system, so every system is unique with its own specifications and prices.
Now let us discuss the specifications of 2KW 12 V and 24 V solar systems.
Specifications of 2KW 12V Solar System:
- – Solar System Capacity: 2KW
- – Required Inverter: MPPT solar inverter
- – Type of Solar Inverter: Off-grid Inverter or Hybrid Inverter (according to the type of system)
- – Type of Solar Panel: Monocrystalline or Polycrystalline
- – Battery System: 12V
Specifications of 2KW 24V Solar System:
- – Solar System Capacity: 2KW
- – Required Inverter: MPPT solar inverter
- – Type of Solar Inverter: Off-grid Inverter or Hybrid Inverter (according to the type of system)
- – Type of Solar Panel: Monocrystalline or Polycrystalline
- – Battery System: 24V
2KW Solar Panel Price in India with Subsidy
As stated earlier, the overall 2 KW solar plant price ranges from around ₹1,40,000 to ₹1,80,000. However, there is a way of reducing the overall 2 KW solar plant price in India.
The Indian government offers subsidies, but only for grid-tied solar systems. Apart from this, three other conditions must be met to qualify for the subsidy.
- – Subsidy for solar panels in India is only offered for ALMM-approved solar panels that are made in India.
- – Only individual homes and housing societies are eligible for subsidies.
- – The size of the residential solar project should not be greater than 10KW.
Getting a subsidy can significantly lower the 2 KW solar plant price, making it much more affordable. There are currently two subsidy schemes active in India – state subsidy and national subsidy. PM Modi launched the latter out of the two on July 30th 2022.
Since the National subsidy is simpler, it will soon overtake the state subsidy scheme. Also, the national subsidy is known as DBT. DBT stands for Direct Benefit Transfer. The subsidy amount in this scheme is directly transferred into customers’ bank accounts within a month of the system’s commissioning.
Now that you have a general idea about DBT, we’d like to introduce you to the amount of subsidy offered under this scheme so that you can calculate the 2 KW solar plant price after a subsidy.
| Plant Capacity | Applicable Subsidy |
| Up to 3kW | ₹14,588/- per kW |
| Above 3kW and up to 10kW | ₹14,588/kW for the first 3kW; thereafter, ₹7294/kW |
| Above 10kW | ₹94,822 fixed |
Please note: The same subsidy stands valid for all states of India.
Now that you know the subsidy offered and the 2KW solar rooftop price without a subsidy, the final calculation should be easy. Here’s the final amount:
2 KW solar plant price without a subsidy = ₹1,40,000 to ₹1,80,000
National subsidy on a 2 KW solar system = ₹29,176
Hence, after getting a subsidy, the 2 KW solar plant price should range between ₹1,10,824 to ₹1,50,824
Benefits of Installing a 2KW Solar System
Now that you know all about the 2 KW solar plant price, it’s time you also learn about the benefits of installing solar systems. Have a look!
- – Savings on Monthly Electricity Bills: The financial benefits of owning a solar power system and the lower monthly utility bills make it an attractive choice for many people.
- – Increases the sales value of homes: Solar systems are valuable upgrades for your home. They make your home energy-efficient, increasing the overall value of your home. Therefore even if you think that the 2 KW solar plant price range is initially high, it is completely worth it in the long run.
- – Cost-efficient: Solar panels have a lifespan of roughly around 25 years. Therefore, you are basically making a long-term investment by switching to solar energy.
Who Should Buy and How to Buy 2KW Solar Panels?
The 2KW solar system can generate around 8 units, making it sufficient to power all appliances in your house. Therefore, if your household requires 240 units or less in a month, then the 2KW solar system is perfect for you!
A 2KW Solar System can easily power a small-sized house. Since they can generate 240 units each month, the following electrical appliance can run on this solar panel system –
- – Air conditioners
- – Washing machines
- – Television
- – Dishwashers
- – LED lights
- – Fans
- – Air coolers
Conclusion
A 2KW solar system is a great way to save on your energy bills and help the environment. Several types of 2KW solar energy systems are available, so it’s important to do the research and find the right one.
Prices for 2KW solar energy systems vary depending on the type and quality of the system, but you can avail of government subsidies that can help offset the 2 KW solar plant price.
So, what are you waiting for? Whether you’re looking to save money or reduce your carbon footprint, a 2KW solar system is a great choice!
FAQs
Q. What is the cost of a 2KW solar system?
It is difficult to determine the exact cost of a 2KW solar system without considering several factors. However, if you are planning on getting a 2KW system for your home, you can consider the 2 KW Solar plant price range of ₹1,40,000 to ₹1,80,000 without a subsidy.
Q. What are the benefits of getting a 2KW solar system?
A 2 KW system has numerous benefits, such as-
- – Greater monthly savings on electricity bills
- – Lesser negative impact on the environment
- – Increased property value
