Over the past few years, both the national and state governments have been big supporters of solar energy. They’ve set a goal of getting 250 GW of power from renewable sources by 2024 and a whopping 500 GW by 2030! Making solar panels affordable has been a big part of this push. The government offers financial aid through MNRE’s Central Financial Assistance program, which is run by local electricity companies. This program has helped people all over India, including those in villages, install solar panels on their rooftops.
There’s even a new program called PM Muft Bijli Yojana or PM Surya Ghar that helps people pay less for rooftop solar panels. This program can give you up to Rs. 78,000 off the cost, basically doubling your money back in savings! With electricity bills going up all the time, switching to solar power is a smart way to save money and help the environment.
INDIAN HOMES SOLAR POWER PLANTS COSTS – JULY 2024
Are you informed about the cost of solar systems? Here are some figures that illustrate the prices of various residential solar systems currently available. The most suitable home solar power system and its components will depend on your property’s size and energy consumption needs, typically ranging from 1 kWp to 10 kWp for residential use. As of July 2024, the cost of a solar power plant (per kWp) in Kerala is detailed below:
| Capacity (kWp) | Average Solar Units Generated/Bimonthly | Price of Solar Subsidy |
| 1 kWp | 240 to 360 units | Rs.30,000 |
| 2 kWp | 480 to 720 units | Rs.60,000 |
| 3 kWp | 720 to 1080 units | Rs.78,000 |
| 5 kWp | 1200 to 1800 units | Rs.78,000 |
Note: * Please note that Solar Production and Savings etc are completely dependent on the solar irradiance and weather conditions, and hence no claims or guarantees can be made for the actual production in the actual site conditions.
Apply to MNRE Solar subsidy in kerala
INDIA’S HOME SOLAR SUBSIDY – JULY 2024
Worried about the cost of solar panels? Don’t let that stop you! Thanks to government subsidies in India, solar power can be a much more affordable option.
For instance, let’s say you need a 3 kW system for your house. With a subsidy called Central Financial Assistance, the government might cover up to Rs. 78,000 of the cost! This subsidy applies to systems up to 10 kW. The exact subsidy amount and system prices can vary depending on where you live in India. That’s why it’s important to find a reliable solar company. They can help you understand the latest subsidies and ensure you get the most savings. This can make switching to solar power a much more attractive option for your home!
SOLAR SUBSIDY IN KERALA – JULY 2024
Thinking about getting solar panels for your home in Kerala? Great news! The government is making it easier and more affordable than ever before.
In 2021-2022, the government set aside enough solar power for about 200,000 Kerala homes. They’re offering this through a program called PM Surya Ghar. There’s also a similar program called Surya Thejus. Here’s the best part, The government can help you pay for some of the cost of the solar panels through a subsidy! There are also 35 approved companies that can install the panels for you. This makes it easy to find a qualified installer and get started with solar power.
MNRE’s PM Surya Ghar Subsidy Program (Only for Residential Consumers)
Save up to Rs. 78,000 on your solar panel system!
The government offers a subsidy to help you save money on solar power for your home. Here’s how it works:
- You can get up to Rs. 78,000 off systems up to 3 kW in size.
- Even larger systems, up to 10 kW, are also eligible for a maximum subsidy of Rs. 78,000.
Important to note: To qualify for the subsidy, all equipment and installation must meet the highest quality standards set by the government. This ensures you get a safe and reliable solar system.
SUBSIDY FOR ONGRID SOLAR FOR DOMESTIC CONSUMERS IN INDIA – JULY 2024
Save on Solar Power in India with Government Subsidies
Thinking about going solar? The Government of India offers attractive subsidies through the Ministry of New & Renewable Energy (MNRE) to make solar power systems more affordable for domestic consumers. This program is called Central Financial Assistance (CFA) and provides a percentage off the benchmark price set for different on-grid project capacities (kWp).
The subsidy amount is capped at the lower of two figures:
- MNRE Benchmark Price: This is a pre-determined price set by the government.
- Tender Discovered Price: This price varies by state and is determined through a competitive bidding process.
Explore the table below to see the current benchmark price and corresponding Central Financial Assistance (subsidy) for on-grid solar projects in India (per kWp):
| Project Capacity | Central Financial Assistance/ Subsidy |
| 2 kWp | Rs.60,000 |
| 3 kWp | Rs.78,000 |
| >3 kWp | Totally Rs.78,000 |
For capacities above 3 kWp ongrid projects, the CFA subsidy is available for domestic consumers, but limited to the first 3 kWp only.
Space/Roof Area Needed For Fixing Solar Panels
Maximize Solar Panel Efficiency – Space & Sunlight Requirements:
Planning a solar power installation? Optimizing panel placement is crucial for maximizing energy production. Here’s what you need to know about space and sunlight requirements for your solar panels:
- Space: Each kilowatt-peak (kWp) of solar power capacity typically requires 100 square feet of shade-free area. Ensure there are no obstructions blocking sunlight throughout the day.
- Sunlight: For the best performance, position your panels in direct sunlight facing South for maximum sun exposure. East or West facing orientations are also suitable, though South is generally preferred.
By following these guidelines, you’ll ensure your solar panels receive optimal sunlight, leading to efficient energy generation.
2 MONTH SAVINGS FROM SOLAR
| Ongrid Solar Capacity | Bimonthly Savings in MNRE Bills* |
| 2 kWp | Rs. 2200-2700 |
| 3 kWp | Rs. 4700-5200 |
| 5 kWp | Rs. 9200-10200 |
| 10 kWp | Rs. 18,200 – Rs. 20,200 |
Note: Please note that Solar Production and Savings etc are completely dependent on the solar irradiance and weather conditions, and hence no claims or guarantees can be made for the actual production in the actual site conditions.
2 kW Ongrid Solar System Savings
Reduce Your Electricity Bills with a 2 kW Ongrid Solar Power System
A 2 kW on-grid solar system can be a great way to lower your electricity costs! Here’s what you can expect: A 2 kW system can help you save between Rs. 2,200 and Rs. 2,700 on your electricity bills every two months. If your current bimonthly electricity bill is around Rs. 2,000, a 2 kW system could potentially cover most of your electricity usage, leading to significant savings!
Note: Keep in mind that a 2 kW system might not be enough if you plan to add high-energy appliances like air conditioners, induction cooktops, or electric vehicles in the future. Consider your future energy needs when choosing the right system size.
3 kW Ongrid Solar System Savings
For a 3 kWp Ongrid Solar Power system, a saving in MNRE bills of around Rs. 4700-5200 can be expected. Hence, if your present 2-Monthly Electricity Bills is around Rs. 4500, then a 3 kWp would make your Energy Charges in your MNRE Bills absolutely ZERO!
5 kW Ongrid Solar System Savings
For a 5 kWp Ongrid Solar Power Plant, a saving in MNRE bills of around Rs. 9200-10,200 can be expected. Hence, if your present 2-Monthly Electricity Bills is around Rs. 9000, then a 5 kWp would make your Energy Charges in your MNRE Bills absolutely ZERO!
FAQs – YOUR FREQUENTLY ASKED QUESTIONS ON MNRE SOLAR SUBSIDY IN KERALA – JULY 2024
1. What is a solar subsidy?
A solar subsidy is a financial incentive provided by the government or other organizations to reduce the cost of installing solar power systems. This subsidy aims to encourage the adoption of renewable energy by making solar technology more affordable. Subsidies can come in various forms, including direct cash rebates, tax credits, or grants. The goal is to lower the initial investment required for solar installations, making it more accessible to homeowners and businesses.
2. Who is eligible for a solar subsidy?
Eligibility for a solar subsidy typically depends on several factors, including the location of the property, the type of solar system installed, and sometimes the income level of the applicant. In many regions, homeowners, businesses, and public institutions can qualify for subsidies if they meet specific criteria. The eligibility requirements are usually outlined by government programs or local authorities that administer the subsidies.
3. What is the typical duration of solar panel warranties, and what other warranties are included with a solar system?
Solar panel warranties generally last 25 years. While the specifics can vary by brand, other components, such as the inverter and batteries, also come with substantial product warranties. Additionally, your installer will provide a workmanship warranty for the installation of the solar system.
4. What is the quality of solar panels and Inverters used in this subsidy system?
Solar panels and inverters are of high quality, adhering to the standards set by the Ministry of New and Renewable Energy (MNRE) and meeting BIS (Bureau of Indian Standards) and ALMM compliance requirements. Only brands approved by the government after stringent quality checks are used. Each batch of solar panels is tested by MNRE at the manufacturer’s factory before dispatch. Additionally, all our inverters and solar panels are BIS-approved and meet all international certifications. MNRE further conducts tests on our field systems to ensure ongoing compliance and performance.
5. How much time does it take to deliver and install a 3 kWp system with subsidy?
For a 3 kWp system with a subsidy, the total process from payment receipt to commissioning typically takes around 30 days, based on our past track record. Once you make the payment as per the agreed terms, our committed time frames under normal conditions are as follows: delivery of materials within 15 days, installation of the system within the next 15 days, and MNRE completing the net meter connection within an additional 15 days. These time frames represent the maximum expected durations under normal conditions.
6. What are your acceptable payment modes/methods?
We accept payments via direct bank transfers, RTGS/NEFT/IMPS, UPI (such as Google Pay, PayTM, PhonePe), cheques, demand drafts, credit cards, debit cards, and cash (for amounts less than Rs. 2 lakhs only). All payments will be properly accounted for, and a receipt will be promptly issued once the payment is realized in our bank.
7. How can I calculate how much solar energy I’ll need?
In India, your home solar system should generate enough electricity to meet your average annual needs. Typically, a 1 kWp solar power plant can produce between 90 to 120 units of electricity per month. To estimate your exact requirement, divide the total units consumed in your electricity bills by 90 or 120. This will give you a rough idea of the solar power plant capacity needed for your home. To determine your electricity requirements, review your bills from the past year or more. You can also request advice or an estimate from us. We are always ready to help!
8. What does net metering mean for a household solar system connected to the grid?
A net-metered solar plant for your home allows you to draw power from the grid when solar power generation is insufficient, as solar panels only produce energy during daylight hours. On days with excess solar production, the surplus energy is sold to the grid, earning you solar credits. The net meter tracks the flow of energy in both directions and reflects this in your total monthly bill.
9. What if my roof doesn’t get enough sunlight?
Some homes may not benefit from solar systems if their roofs don’t receive sufficient sunlight due to significant obstacles like shade from neighboring properties or an unfavorable roof orientation. A solar installer can more accurately assess the solar potential of your roof. Alternatively, they may recommend joining a community solar farm, which provides the benefits of solar energy without the need to install panels on your roof.
10. How long does it take for the greatest solar systems for homes in India to pay for themselves?
The typical payback period for solar-powered homes is 6–8 years. However, several factors can influence your specific payback period, including the cost of grid electricity in your area, the price of your solar system, your mode of payment (whether you financed or leased the system), and your electricity consumption. Regardless of these variables, solar energy remains advantageous for most people due to its 25 years of consistent, affordable, and substantial energy output.
11. What is the Warranty offered for your solar system with subsidy?
All our systems come with a 5-year limited manufacturing warranty, based on the terms and conditions of the respective component manufacturers. Additional product warranties beyond 5 years are available for individual components like solar panels and inverters, depending on the selected brands. Any warranties for components beyond the initial 5 years are provided directly by the respective manufacturers. We will support such warranty claims at our discretion, with applicable charges.
12. How long will solar panels survive?
Many solar companies offer a 25-year performance warranty for home solar power systems. During this period, the panels are expected to maintain 85% of their initial production capacity, even though their efficiency may gradually decrease over time. After the initial years, the energy output may decline further, but the panels will continue to generate some electricity throughout their lifespan.
13. What maintenance is required for a home solar system, and how can an AMC plan help?
To keep your home’s solar system operational, regular cleaning and maintenance are necessary. However, because solar panels have no moving parts, major failures in rooftop installations are unlikely. Your solar provider may offer an AMC (Annual Maintenance Contract) plan that covers routine maintenance needs. This plan typically includes periodic inspections and comprehensive services, helping to minimize downtime, enhance system performance, and extend the lifespan of your home solar system.