Solar energy can save up to 95% of your electricity bills. To do so, you must choose the proper solar system size based on your average electricity bills. In different sizes, the 5kW solar system is popular among homeowners and can produce up to 750 kWh of electricity every month.
In this blog, you will learn about a 5kW rooftop solar system, including its price, savings, components, benefits, and other information. This information will help you decide if you are interested in installing rooftop solar panels in your home.
Which Type of Solar System Will Save Your Electric Bill?
Based on grid connections, you will get 3 types of solar systems in India-
grid-connected solar system
off-grid solar system
hybrid solar system.
To save your electricity bill only the grid-connected and hybrid solar system can help you. These systems are directly connected to the power grid of your DISCOM. The solar inverter of these systems transfers the excess electricity directly to the grid. A net metre calculates both side transactions and you will receive a reduced electricity bill based on the units transferred throughout the month.
Hybrid solar systems are expensive but can provide you with 24/7 electricity. On the other hand, grid-connected solar systems are less expensive but cannot work during power cuts. Remember these points and get a 5 kW solar Power plant based on your requirements and budget.
Savings with a 5 kW Rooftop Solar Power System
Now the main question is how much you can save with a 5 kW solar power plant. Here is the answer. Every day, a 1 kW solar system generates around 5 kWh of electricity units. Therefore a 5 kW solar plant will generate nearly 5 x 5 = 25 kWh electricity units daily. Let’s assume the electricity tariff cost is Rs. 8/kWh.
In a month, it will generate 25 x 30 = 750 units of electricity worth approximately Rs. 6,000. Then, in a year, you will save Rs. 6000 x 12 = Rs. 72,000 in your electricity bills.
A solar system usually lasts up to 25 - 30 years. Then, your lifetime savings will be around Rs. 72,000 x 25 = Rs. 18,00,000.
Note- These results can vary depending on the proper placement, regular solar panel cleaning and maintenance. To know the actual result you may consult with a solar system installer.
Price of a 5kW Solar Power Plant
As mentioned above, the cost depends on the type of your solar system. On-grid solar system price is the lowest and the price of a hybrid solar system is the highest. Off-grid and hybrid solar systems are more expensive because they contain solar batteries. Here is an estimated price range of different types of 5 kW solar Power plant:
On-Grid: Rs.2,90,000 to Rs.3,30,000
Off-grid: Rs. 4,40,500 to Rs. 5,13,000
Hybrid: Rs. 4,45,500 to Rs. 5,18,000
Get detailed information about the 5 kW solar panel price in India here.
Solar Subsidy on a 5kW Solar Energy Plant for Home
Before calculating the ROI, you must know that you will be eligible for the Solar subsidy under the new subsidy scheme. According to the scheme you are eligible for a Rs. 78,000 subsidy from the central government. The scheme is named PM Surya Ghar Muft Bijali Yojana and started in February 2024.
However, you need to follow all the guidelines mentioned by the Ministry of New and Renewable Energy. To do so you can contact one of the best solar system installers in India such as Das Energie Private Limited. Here you will get a free consultation on every type of rooftop solar panel for home.
Accessories of a 5kW Solar Power System
Here is a list of accessories used in different types of solar systems available in the 5 kW variant.
5 kW On-Grid Solar System
5 kW Mono PERC Half Cut Solar Panels (DCR), Solar Inverter, ACDB, DCDB, AJB Box, Mounting Structure, Lightning Arrester, Installation Charge, AC Wire, DC Wire, and Other Components.
5 kW Off-Grid Solar System
All solar components of the on-grid solar system except the on-grid inverter. In exchange, it contains an off-grid inverter and in addition, it requires 200 Ah solar batteries (6 pieces).
5 kW Hybrid Solar System
All solar components of the on-grid solar system except the on-grid inverter. In exchange, it contains a hybrid solar inverter and also requires 200 Ah solar batteries (6 pieces).
On-grid solar system installation is the best option in case your main focus is to save the electricity bill. The off-grid solar system is the best if your locality has electricity problems or doesn’t have a grid connection. The hybrid solar system allows you to enjoy 24/7 electricity along with a power backup system.
Benefits You Can Get With a 5kW Residential Solar System
Here are the benefits you can get from a 5 kW residential solar system:
Electricity Bill Savings
As per the above calculation, you will be saving around Rs. 6000/month and Rs. 72,000/year if you install a 5 kW rooftop solar system. Unlike other energy sources, you will get electricity from the sunlight for free. This also reduces the dependency and load on the power grids. With these savings, you will get your initial investment back in just 4 - 5 years. Also, if you are getting a solar subsidy, you will get the payback faster.
Environmental Benefits
Solar energy is a clean renewable energy where there is zero carbon and no greenhouse gas emission. Therefore, by investing in solar energy, you will also contribute to a better future and help to reduce air pollution and climate change.
Appliances You Can Run With this Solar Power Plant
With a 5kW solar power plant, you can run the regular home appliances including fans, a 2-ton AC, 1 fridge, 1 oven, 8 LEDs, 1 TV, 1 washing machine, and laptops.
Conclusion
At the end of this blog, hopefully, you have a clear idea about a 5 kW rooftop solar panel for your home including the price, subsidy, components and ROI. But to get the best solar system for your home, you should contact only the best solar system installers near you.
This will help you to get the best solar system at a lower cost. For rooftop solar panels for your home, you can contact Das Energie, where you will be connected with the best solar system installation partner near you (based on your location, requirements and budget).
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