What is the approximate cost of a Solar On Grid System?

A Solar On Grid System is a type of solar energy system that is connected to the grid. In this setup, solar panels generate electricity from sunlight, which is then used to power the electrical appliances and devices in a home or building. Any excess electricity produced by the solar panels is fed back into the grid, often earning credits or compensation from the utility company through net metering. Such a system is recommended for homes and businesses where there are no or a few power outages.

Approximate cost of Solar On Grid System installation:

Size of Solar On Grid System	Approximate cost in Rs
1kW	72k - 77k
2kW	144k - 158k
3kW	216k - 240k
4kW	268k - 296k
5kW	336k - 370k

For the requirements above 5kW, the cost per kW is approximately Rs 60k to Rs 65k.

Components of Solar On Grid System installation costing:

• Cost of Equipment (Solar Panels, Inverters, Mounting Hardware)
• Installation Labor Costs
• Permitting and Inspection Fees
• Additional Expenses (Wiring, Conduit, Monitoring Systems)
• GST

Apart from the above costs, there is a net metering cost which is around Rs 8k to Rs 14k.

Equipments of Solar On Grid System:

• Solar Panels (Photovoltaic Modules): These panels capture sunlight and convert it into electricity using photovoltaic cells made of semiconductor materials like silicon.
• Inverter: The inverter converts the direct current (DC) electricity produced by the solar panels into alternating current (AC) electricity, which is compatible with the electrical grid and can power household appliances.
• Mounting Structure: This component includes the racks, rails, and supports that secure the solar panels to the roof or ground. It ensures proper orientation and tilt for optimal sunlight exposure.
• Grid Connection and Metering System: This system allows the solar system to be connected to the grid. It includes a bi-directional meter that measures the flow of electricity between the solar system and the grid, enabling net metering.