3kw Solar panel price with subsidy
Empowering Kerala: 3kW Solar Panel Price with Subsidy Benefits (2024)
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| 3kw solar panel installation under solar subsidy programme |
As the world embraces renewable energy solutions, Kerala stands at the forefront of India’s solar revolution. With an increasing push toward green energy, the state government, alongside the Central government, is offering significant subsidies to make solar panel installation more accessible and affordable for households. If you’ve been thinking about investing in solar energy, this post provides all the information you need, including the 3kW solar panel price in Kerala and the available subsidy benefits.
3kW Solar Panel Price in Kerala (2024)
The price of a 3kW solar panel system in Kerala can vary based on several factors, including the brand, the quality of the solar panels, and the installation service provider. Below is an estimated cost breakdown based on the level of quality:
- Basic/Standard Quality: ₹1.80 lakhs to ₹2.20 lakhs (approximately $2,250 - $2,750 USD)
- Premium/High-Quality: ₹2.50 lakhs to ₹3.00 lakhs (approximately $3,125 - $3,750 USD)
It's essential to compare prices from multiple vendors and ensure that the system you purchase is from a reliable source, with proper certifications and warranties.
Subsidy Benefits on 3kW Solar Panels in Kerala
To accelerate the adoption of solar energy, the Central government offers attractive subsidies under the PM Suryaghar Yojana. This scheme, governed by the Ministry of New and Renewable Energy (MNRE), aims to make solar power systems more affordable for residential and commercial users.
- Central Government Subsidy: A subsidy of ₹78,000/- is provided for a 3kW solar panel system under the MNRE scheme.
This subsidy significantly reduces the upfront investment, making solar energy a feasible option for homeowners in Kerala.
Net Cost After Subsidy
Once the MNRE subsidy is applied, the net cost of a 3kW solar panel system becomes more affordable. Here's a breakdown of the post-subsidy costs:
- Basic/Standard Quality: ₹1.05 lakhs to ₹1.40 lakhs (approximately $1,312 - $1,750 USD)
- Premium/High-Quality: ₹1.50 lakhs to ₹1.80 lakhs (approximately $1,875 - $2,250 USD)
The subsidy on solar panels can reduce the overall cost by up to 40%, allowing residents to enjoy solar energy at a much more reasonable price.
Key Benefits of Installing a 3kW Solar System in Kerala
- Significant Savings on Electricity Bills: A 3kW solar panel system can generate enough electricity to meet most of a household’s energy needs. This means lower monthly electricity bills and protection from rising energy prices.
- Environmental Impact: Solar energy is clean and renewable. By installing a solar panel system, you contribute to reducing your carbon footprint, helping Kerala transition toward a greener future.
- Energy Independence: With solar panels, you can become less reliant on the grid, ensuring a stable power supply even during outages.
- Net Metering: Kerala’s net metering policy allows you to sell excess electricity generated by your solar panels back to the Kerala State Electricity Board (KSEB), further reducing costs and increasing savings.
Additional Considerations for Solar Panel Installation in Kerala
1. Choose MNRE and KSEB Approved Vendors: When selecting an installer for your solar panel system, ensure they are accredited by MNRE and approved by KSEB. This will ensure you are eligible for subsidies and that your installation meets government standards.
2. Quality of Solar Panels: Not all solar panels are the same. Look for high-efficiency panels with good warranties to ensure longevity and optimal performance. Brands offering long-term warranties often reflect better durability and higher energy output.
3. Warranty and Maintenance: Always verify the warranty terms for both the solar panels and the inverters. A typical warranty covers 25 years for the panels and 5-10 years for inverters. Additionally, ask about maintenance plans to keep the system running efficiently.
4. Location and Roof Suitability:
Your roof’s orientation, angle, and the amount of sunlight it receives are crucial factors in determining how much electricity your solar system will generate. Work with your installer to ensure your home is suitable for optimal solar panel performance.
5. Consider Battery Storage:
While the 3kW system is often connected to the grid, some homeowners choose to add battery storage to store excess electricity generated during the day. This can provide backup power at night or during grid outages.
Why Solar Energy is the Future for Kerala?.
Kerala’s abundant sunshine makes it an ideal location for solar energy. The state’s commitment to renewable energy, combined with government incentives, positions solar power as a smart investment for homeowners. By switching to solar, you’re not only saving money but also contributing to a sustainable, energy-secure future.
Conclusion: Invest in Solar, Empower Your Future
Installing a 3kW solar panel system in Kerala is an excellent way to reduce your energy costs, take advantage of government subsidies, and support the transition to renewable energy. With upfront costs reduced by over 40% due to subsidies, now is the perfect time to consider solar energy. By working with MNRE-approved installers, choosing high-quality panels, and taking advantage of net metering, you can maximize the benefits of solar power.
Start your journey towards energy independence today and join Kerala's green energy revolution.
Frequently Asked Questions (FAQs)
1. How long does it take to recover the investment in solar panels?
- On average, a 3kW system in Kerala pays for itself within 5 to 7 years, depending on energy consumption and electricity tariffs.
2. Is the subsidy applicable to all types of solar panel installations?
- The subsidy is primarily offered for residential solar panel systems. It’s crucial to check with your installer about eligibility for commercial or larger systems.
3. What happens during cloudy or rainy days?
- Solar panels will still generate electricity on cloudy days, though the output will be lower. However, if you have net metering or battery storage, you can rely on stored or grid energy during these periods.
By empowering residents with affordable solar energy solutions, we can create a greener, more sustainable Kerala for generations to come.
Visit enleadenergy.com for more details about solar power system.
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