The popularity of installing a solar power energy plant in Uttar Pradesh is on the rise because it is considered a viable investment option and helps save a lot of money on electricity bills while completing all the electricity requirements. Several industries and businesses also utilize solar plants to fulfill the industry. Electricity needs while selling the power through other businesses. That’s when these businesses go for a 5 MW Solar plant. Wondering about the 5-megawatt solar power plant cost in Uttar Pradesh? Let’s know in detail about it here:
All About 5 MW Solar Power Plant:
Before we discuss the cost of 5 MW solar power plant, let us know how a solar plant works. The solar power plant produces energy from photovoltaic panels in direct current. With the help of a solar inverter, it is converted into an alternating current, which is beneficial for domestic and industrial consumption.
A 5 MW solar plant is quite huge, which has made it a popular choice among government, industrial, and commercial sectors as it can easily complete the electricity requirements of any industry. The reason why going for such a project has become quite beneficial for industries is because it offers a:
- Long-term solution with a one-time investment
- Helps in contributing to a greener future while eliminating emissions.
- Helps in improving the ESG (Environmental, Social, and Governance) ratings that help in attracting investors and consumers.
Related: Complete Guide to 2 MW Solar Power Plant Cost, Benefits, and ROI in India
How much energy does it generate?
- On average, a 1kW plant that is in an ideal condition, such as high solar irradiation, shadow, free installation, and no extreme temperature, usually generates about four units per day. On the basis of this, a 5MW solar plant would generate approximately 20000 units per day.
- On a monthly basis, it would generate 600000 units if it is in good condition. However, the other factors that affect the overall energy generation are the weather, the quality of the equipment, and the location of the plant. So, the total generation may vary on the basis of these factors.
Size of Area For A 5MW Solar Plant:
- One of the most important factors that affect the 5 MW solar plant price is the area of land that will be needed for the construction of the solar energy plant. So, how much area do you need, and is there any need for land approval?
- On average, it requires 5 acres of land for a 1 MW output solar plant, so for that, you may require around 25 acres of land for a 5 MW energy plant.
- Legal authorization is a must for developing the project, and one also needs to get the project approved by safety, health, and environmental bodies.
5-Megawatt Solar Power Plant Cost in Uttar Pradesh:
So, how much does a 5kw solar power plant cost in UP? To know about the actual pricing of the plant, get in touch with an expert solar company such as Om Solar Solution to get a custom quote. There are several factors that affect the overall pricing of the plant, such as equipment, brand, location, the position of the panels, type of installation, type of system. and roof ‘s style.
- On average, the cost of 5 MW solar power plant would typically range between 36 watts to 39/watts, making it somewhere between 18 to 22 crores.
- The price also depends upon the type of system chosen, such as an on-grid or hybrid PV setup, which will be more expensive than others as these systems require battery backup.
The overall cost of the installation of such a project can be divided into the key components:
Solar panels: A 5MW project would require a total of 20,000 to 25000 panels.
Battery: Battery storage is used to store extra energy produced.
Inverters: Solar inverters for converting energy from DC to AC.
Monitoring Systems: These are useful for tracking the performance and energy production of the solar system set up in real-time.
Mounting structures: Offers support to the panels for efficiency and stability.
Related: 1 MW Solar Power Plants: Price, Specifications, And Complete Guide For Om Solar Solution
Reduce The Initial Investment 5 MW Solar Plant Price With Uttar Pradesh Solar Policy:
If you are a resident of Uttar Pradesh, you definitely have the upper hand when it comes to setting up a solar system, as the government provides subsidies to promote renewable energy in the state, which can reduce the investment significantly. The Uttar Pradesh Solar Policy is a subsidy offered by the government, which can be beneficial for reducing the initial investment for 5 kW solar power plant cost in UP.
Let’s know about the highlights of this scheme here:
- It is a policy that aims for Solar power projects to facilitate the evacuation of power of 4000 MW capacity projects.
- It offers 100% exemption of time to duty and electricity duty for 10 years.
- It aims to increase utility solar systems with four hours of battery storage systems with the help of a state at INR 2.5 crores.
- To apply for this subsidy, you can visit the official site, check the eligibility criteria, and register for the process. Visit: https://invest.up.gov.in/solar-energy-policy-2022/
Type of Solar Installation For A 5 MW Solar Project:
So now that you know about the cost of 5 MW solar power plant, let’s know which type of solar installation would be better for such a project here:
In Roof Solar:
It is a type of solar panel that is best for individuals who want to maximize the utilization of their space as the modules in this solar integrated seamlessly into the foundation of the building while limiting the need for metal sheets.
Ground-Mounted Solar:
As a project as massive as a 5 MW solar plant, most people opt for ground-mounted solar panels as these remain more efficient and cooler in comparison to other types of solar panels. The installation may require around 20 to 25 hectares of shadow-free area.
Turn Your Solar Project Dream Into Reality With Om Solar Solution:
Thinking of investing in solar panels but not which company would help you set up the system at an affordable 5 MW solar plant price? Om Solar Solution is one of the key players when it comes to offering groundbreaking solar services for the residential and commercial sectors. We have been helping people take us to utilize clean energy for decades and have been providing our transformative services to customers in areas such as Lucknow, Haryana, Kannauj, Allahabad, Kanpur, Varanasi, and many other cities.
The reason why we are considered one of the most trusted solar companies in the industry is that we provide a complete solution to our customers, from consultation, custom designs, assistance in subsidies, site inspection, installation of panels, testing, and commission, as well as robust after-sales support. So, get in touch with us and experience a seamless Solar transition!
Contact Us
Brand Name: Om Solar
Call/WhatsApp: +91-9919990945
Email: sales@omsolar.in
Website: www.omsolar.in