Is solar power cheaper than grid power?

SOLAR FAQs

Frequently Asked Question Related To Solar

Is solar power cheaper than grid power?

Yes, solar power today is cheaper than grid power for a lot of consumer categories across most states. Moreover, solar is a one time investment while grid tariff keeps increasing every year. Therefore, by choosing to go solar today, you are locking in a fixed energy price for the next 25 years.

Illustration for an average residential customer in Delhi:

A 2kW Solar PV system costs around Rs 1.4 lacs and has a life of at least 25 years with low recurring costs. This translates to a per unit levelized cost of Rs7 – 8 /kWh for the next 25 years.

Let’s compare this with the cost of grid power. The discom charges the consumer slab-wise but on an average the consumer pays Rs 7.3/kWh. And this price keeps increasing by about 5% per annum, which means you may be paying Rs 24.7/kWh at the end of 25 years. This translates to a per unit levelized cost of approx. Rs 10 – 11/kWh when compared with the 25 year life of Solar PV system.

My Sun Calculator Book your Solar System for just 6,999 and build your personalized payment plan with Flexi-payTM.

Close
Loader

Please wait while your personalized Solar Savings Report is being generated. Do not close this screen for the process to be completed. It might take a couple of minutes.