5 kW Solar Panel Price in India in 2024

5 kw solar panel price in india

5 kW Solar Panel Price in India in 2024

You can save close to Rs. 5000 monthly with a 5 kW solar system. It will generate around 600-720 units of electricity monthly. The 5 kW solar panel price varies a little across brands. The type of panel is the crucial factor that influences the price of the panel. You can receive a subsidy of Rs. 78,000 for installing the solar system.

The installed 5 kW solar system can be on-grid, off-grid or hybrid according to your specific requirements. The cost of each of these solar system types are different.

Here is the cost of different kinds of 5 kW solar systems:

Type of Solar System 

Cost of Installing Solar System  

PM Surya Ghar Solar Subsidy

Method of Storing Electricity 

5 kW On-Grid Solar System

Rs.2,90,000 to Rs.3,30,000

Rs. 78,000

Solar electricity exported to the grid

5 kW Off-Grid Solar System

Rs. 4,40,500 to Rs. 5,13,000

Not Applicable

Battery backup

5 kW Hybrid Solar System

Rs. 4,45,500 to Rs. 5,18,000

Not Applicable

Battery backup along with grid connection

Disclaimer: Cost can vary depending on the brand and type of solar system components and the vendor’s service charge for installing the solar system.

5 kW Solar System Specifications

The following are the key specifications of a 5 kW solar system:

Key Components

Solar inverter, solar panels, mounting structure, ACDB, DCDB, lightning arrester, MC4 connectors, AJB, cables, net meter(for on-grid & hybrid system), batteries (for off-grid system)

Power Output

  • 20 to 30 units daily
  • 600 to 900 units monthly

Number of Panels Required

10 mono-PERC or TOPCon panels

Warranty on Panels (Average)

  • 10-year Product Warranty
  • 25-year Performance Warranty

Appliances Which can be Powered

Light (20W), Table Fan (50W), Ceiling Fan (75 W), TV (110 W),  Room Cooler (250W), Washing Machine (230W), Fridge (300W), 2 Ton AC (6000W) etc.

Necessary Rooftop Space

297 sq. feet

Detailed Breakdown of 5 kW Solar Installation Price

The cost of a 5 kW solar system varies according to its components. As an on-grid solar system doesn’t require a battery, it costs the least among the 3 types of solar systems.

5 kW On-Grid Solar System Cost

cost of On-Grid Solar System

Here’s a breakdown of the cost of a 5 kW on-grid solar system:

Solar System Component

Cost

5 kW Mono PERC Half Cut Solar Panels (DCR)

Rs. 1,25,000 to Rs. 1,35,000

Solar Inverter

Rs. 40,000 to Rs. 42,000

ACDB

Rs.3,000 to Rs. 4,000

DCDB

Rs.3,000 to Rs. 4,000

AJB Box

Rs. 5,000 to Rs. 6,000

Mounting Structure

Rs. 40,000 to Rs. 43,000

Lightning Arrester

Rs. 2,000 to Rs. 2,500

Installation Charge

Rs. 10,000 to Rs. 30,000

AC Wire

Rs. 5,200 to Rs. 5,600

DC Wire

Rs. 1600 to Rs. 1800

Other Components

Rs. 55,000 to Rs. 57,000

Total Cost

Rs. 2,90,000 to Rs. 3,30,000

As you install a 5 kW solar system, you must ensure that your electrical panel can handle its load. To know more, read our blog on electrical panels.

5 kW Off-Grid Solar System Price

If you install a 5 kW off-grid solar system, you will need to install a battery system, which significantly increases the total cost of a 5 kW solar panel installation. Here’s a breakdown of the cost of installing a 5 kW off-grid solar system:

5 kW Solar System Component

Cost

All 5 kW on-grid solar system components except the on-grid inverter 

Rs. 2,50,000 to Rs. 2,88,000**

Battery(200 Ah x 6)

Rs. 1,20,000 to Rs. 1,50,000

Off-grid Inverter

Rs. 70,000 to Rs. 75,000

Total Cost

Rs. 4,40,500 to Rs. 5,13,000

**We have subtracted the price of a 5 kW on-grid solar inverter. We have also added the cost of an off-grid inverter to this table.

5 kW Hybrid Solar System Price

hybrid solar system price

For a hybrid solar system, you will need a hybrid solar inverter. Here’s a breakdown of the cost of a 5 kW hybrid solar system costs:

Solar System Component

Cost

Components of all 5 kW on-grid solar system except the on-grid inverter 

Rs. 2,50,000 to Rs. 2,88,000**

Battery(200 Ah x 6)

Rs. 1,20,000 to Rs. 1,50,000

Hybrid Inverter 

Rs. 75,000 to Rs. 80,000

Total Cost

Rs. 4,45,500 to Rs. 5,18,000

**We have subtracted the price of a 5 kW on-grid solar inverter. We have also added the cost of an off-grid inverter to this table.

5 kW Solar Panel Price According to Solar Panel Types

Here are the solar panel prices at a glance for a 5 kW solar system:

Type of Panel

Cost of 5 kW Panel (DCR)

Cost of 5 kW Panel (Non-DCR)

Mono-PERC Half-Cut

Rs. 1,25,000 to Rs. 1,35,000

Rs. 1,10,000 to Rs. 1,20,000 

Mono-PERC Half Cut Bifacial

Rs. 1,40,000 to Rs. 1,50,000.

Rs. 1,20,000 to Rs. 1,30,000

TOPCon Bifacial (N Type)

Rs. 1,39,500 to Rs. 1,44,000

Rs. 1,26,000 to Rs. 1,35,000

Das Energie Private Limited is India’s first and only platform to offer an online quotation service for solar system installation. You can check the quotations offered by your local vendors on our website.

Monthly Electricity Generated by a 5 kW System

A 5 kW generates 20 to 30 units of electricity per day. In a month, it will generate 600 to 750 units of electricity monthly.

Here’s how much electricity a 5 kW solar system saves monthly:

Capacity of Solar System

Monthly Electricity Generation

Monthly Savings(At Rs.8/unit)

5 kW

600 to 900 units

Rs. 4,800 to Rs. 7,200

It is great that you are considering installing a 5 kW solar system. But if your power consumption is less than 200 units of electricity monthly, you could buy a 1 kW solar system instead. To know more, head to our blog on 1 kilowatt solar panel price.

Components of a 5 kW Solar System

From solar panels to a solar inverter, here are the major components of a 5 kW solar system:

Solar Panels

Solar panels are the main components of a solar system. It converts sunlight into solar electricity by using photovoltaic cells.

You can read our blog on the top solar companies in India to learn about India’s leading solar panel manufacturers.

Solar Inverter

Solar electricity generated by solar panels is the Direct Current (DC). A solar inverter converts it into the Alternating Current (AC) so that it can be used for powering appliances.

If you want to buy a solar inverter and are confused about which model from which brand to buy, you can read our blog to learn about the best solar inverters in India.

Mounting Structure

A mounting structure holds the solar panels in place and points them towards the sun. It must be strong and resistant to corrosion. Remember that your mounting structure must hold your solar panels for 25 to 30 years.

On our blog, you can learn about the various mounting structures for solar panels.

AJB

Wires from multiple solar panels transmit the solar electricity to the Array Junction Box (AJB). From there, a single wire takes the total electricity to the inverter.

ACDB and DCDB

The AC DB box protects your household appliances from voltage fluctuations. You need to install it between the household appliances and the inverter.

The DC DB box protects your inverter from voltage fluctuations. You will have to install it between your solar panels and the inverter.

Lightning Arrester

To protect your solar panels from lightning, you have to install a lightning arrester. When lightning strikes, the lightning arrester will send the electricity to the earth via earthing. The height of the lightning arrester determines its efficiency.

Other Components

You need components such as MC4 connectors, wires, and conduit pipes in your solar system. For example, MC4 connectors are used for connecting solar panels.

You must contact a DISCOM-empanelled vendor to install your solar system. At Das Energie Private Limited, we have scrutinised vendors against stringent criteria before onboarding them as installation partners. You must compare quotations for solar installations to get the best value for money.

Area Occupied by Solar Panels in a 5 kW Solar System

Mono-PERC, mono-PERC half cut, mono-PERC half cut bifacial, and TOPCon bifacial panels usually have dimensions of 2.3 m x 1.2 m.

Area of 1 panel = 2.3 x 1.2 sq. metres = 2.76 sq. metres = 29.7 sq. ft.

To calculate the area occupied by the solar panels, you have to multiply the area of each panel by the number of panels required for the solar system. So, you will require, (29.7 x 10) sq. ft = 297 sq. ft.

If you want to calculate the area required for the entire solar system, you must also calculate the area between the panels and the area occupied by other equipment.

Are you looking for the right vendor to install your solar system? You can get the best quotations for solar system installation at Das Energie Private Limited. Our DISCOM-empanelled vendors will ensure a seamless installation experience at an affordable price.

A 5 kW solar system is ideal for a big house, or a medium-sized office or factory. It requires a significant investment but can reap big dividends. It will also increase the value of your property. 

In case your power demands are less than 400 units monthly, you can install a 3 kW solar system. Know the price of a 3 kW solar system.

Frequently Asked Questions:

Yes, you can get a subsidy of up to Rs. 78,000 for installing a 5 kW system under the PM Surya Ghar scheme. To get the subsidy, you must meet the eligibility criteria.

The three main types of solar systems are on grid, off grid, and hybrid. In an on grid solar system a grid stores the solar electricity. In an off grid system, a battery stores the power. A hybrid system stores the solar electricity in a battery and sends it to the grid as well.

The net meter measures the export of electricity from your solar system to the grid and the electricity you import from DISCOM’s grid to your home. After the month is over, you either pay for your net consumption or earn monthly electricity credits.

India has a vast potential for generating solar electricity. The government aims to generate 40 GW of solar electricity from rooftop solar installations by 2026. It will also help India to meet its international renewable energy commitments.

Assuming that you pay Rs. 8/unit of electricity, you can save Rs. 4,800 to Rs 6,000 monthly on your electricity bills.

Your best choices are mono-PERC half cut, mono-PERC half cut bifacial, and TOPCon bifacial panels. Of these, TOPCon panels are the most efficient and more affordable than mono-PERC half cut bifacial panels for a 5 kW system.

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