Solar Panel Rooftop System Price & Subsidy in Kerala 2024

In recent years, both national and state governments have strongly supported solar energy. Kerala, a southern state in India, is leading the way in promoting renewable energy and reducing its reliance on fossil fuels. With plenty of sunlight and high electricity demand, Kerala is perfect for using solar energy, which offers a clean, sustainable, and cost-effective alternative to traditional power sources. Leading solar companies in Kerala are playing a crucial role in this transition by providing high-quality solar solutions and services.

There's also a new initiative called the PM Muft Bijli Yojana or PM Surya Ghar Yojana that further reduces the cost of rooftop solar panels. Under this program, you can receive up to Rs. 78,000 off the total cost, effectively doubling your savings! With rising electricity bills, switching to solar power is an excellent way to save money and contribute to a cleaner environment.

The solar subsidy kerala encourages homeowners and housing societies to switch to solar energy. This financial support helps lower the initial cost of solar panels and improves the return on investment, making solar energy systems more affordable for many people.

To get a solar subsidy in Kerala, the first step is to understand the eligibility criteria, application process, and benefits. Knowing this information helps consumers make better decisions about installing solar systems on their property and choosing the right solar companies in Kerala for their needs.

Understanding the Kerala Solar Panel Subsidy

The Rooftop Solar Yojana Phase II, a central government initiative, offers fixed financial aid to promote grid-connected rooftop solar systems in homes, large villas, and housing societies. For instance, the cost of a 5kW solar panel system with a subsidy in Kerala is much lower than one without it. These systems are managed under net metering guidelines, which allow consumers to sell excess power generated back to the grid and earn solar credits.

The new National Portal for Rooftop Solar plays a vital role in handling the application and payment process for solar subsidies across Kerala and India. This online platform provides a simple way for consumers to access subsidies and reduce the cost of solar panels in Kerala. The amount of the solar subsidy Kerala depends on the size of the solar system approved by the state DISCOM.

Solar Rooftop System Price in Kerala

Are you wondering about the cost of solar panels in Kerala? Here are some estimates for various residential solar systems. The prices vary depending on the system's capacity, which can range from 1kW to 10kW, and are influenced by the size of your property and its energy needs.

Solar Rooftop System Price in Kerala With Subsidy

Kerala's solar subsidy scheme is available through the National Portal for Rooftop Solar, which supports on-grid solar systems for homes across all Indian states. Eligible consumers can apply for a kerala solar subsidy online by registering on the portal. The Government of India provides a fixed financial aid per kilowatt across different system capacities. If you're considering solar energy for your home, you can check the cost of an on-grid solar system in Kerala with the subsidy.

Saving From Solar per 2 Months

In Kerala, the subsidy provided under the PM Suryagarh Project significantly reduces the upfront cost of installing a rooftop solar panel system, leading to substantial savings for households and businesses over time. Over a two-month period, these savings can add up to allowing the consumer to recover the initial investment cost more quickly and benefit from reduced electricity bills in the long run.

How the Subsidy Works in Kerala

Solar subsidy kerala is typically offered in the form of financial rebates or grants, which are directly applied to the cost of purchasing and installing solar panel systems. Here’s a breakdown of how the process generally works:

1. Eligibility Criteria: To qualify for the Kerala solar subsidy, applicants must meet specific criteria set by the Kerala State Government and the Ministry of New and Renewable Energy (MNRE). Eligibility often depends on factors such as property location, the type of solar system installed, and sometimes the applicant's income level.
2. Application Process: Interested individuals or organizations must apply through designated government channels or approved solar vendors. The application usually requires details about the proposed solar installation, including system size and estimated costs.
3. Approval and Installation: Once the application is approved, the Kerala solar subsidy amount is calculated based on the system's capacity and the approved rates. The applicant can then proceed with the installation through a certified solar provider.
4. Rebate and Payment: After installation, the subsidy amount is typically reimbursed or credited against the cost of the solar panel system. In some cases, the subsidy may be directly paid to the solar vendor, reducing the upfront cost for the applicant.

Benefits of the Solar Subsidy in Kerala

The Kerala government solar subsidy offers numerous benefits, making solar energy a practical choice for many. Here’s how you can benefit:

1. Reduced Installation Costs: The primary advantage of the subsidy is the reduction in the initial cost of installing a solar panel system. This financial support lowers the barrier to entry for solar energy, making it more affordable for individuals and businesses.
2. Long-Term Savings: By reducing your electricity bills through solar energy, you can achieve significant long-term savings. Solar panels can lower your reliance on grid power, which can be especially beneficial given rising electricity prices.
3. Increased Property Value: Installing solar panels can enhance the value of your property. Prospective buyers often see solar installations as a desirable feature, potentially increasing your property’s market value.
4. Environmental Impact: Solar energy is a clean and renewable resource. By adopting solar power, you contribute to reducing greenhouse gas emissions and supporting a more sustainable environment.
5. Energy Independence: Solar panels provide a degree of energy independence. By generating your own electricity, you are less affected by power outages and fluctuations in energy prices.

Steps to Maximize the Benefits of the Solar Subsidy in Kerala

To fully capitalize on the benefits of the Kerala government solar subsidy, follow these steps:

1. Research and Select a Reputable Solar Provider: Choose a certified and experienced solar installer who is familiar with the subsidy process. A reputable provider will ensure that your system meets all technical and regulatory requirements.
2. Understand the Eligibility Criteria: Make sure you meet all the eligibility requirements for the subsidy. This includes understanding the types of solar systems covered and any specific conditions set by the government.
3. Review the Subsidy Rates: Stay informed about the current subsidy rates and how they apply to your solar installation. Government policies and rates may change, so it’s essential to have the most up-to-date information.
4. Prepare a Detailed Proposal: Work with your solar provider to prepare a detailed proposal for your installation. This should include system specifications, estimated costs, and potential savings. A well-prepared proposal will streamline the approval process.
5. Monitor and Maintain Your Solar System: After installation, ensure regular maintenance and monitoring of your solar panel system. Proper upkeep will ensure optimal performance and longevity, maximizing your savings and benefits.
6. Stay Updated on Policy Changes: Government policies and subsidies may evolve over time. Keep track of any updates or changes to the subsidy program to take advantage of new opportunities or adjustments.

Conclusion

The Kerala solar panel system subsidy presents a valuable opportunity for residents and businesses to embrace solar energy. By reducing installation costs, the subsidy makes solar power a more accessible and affordable option, offering long-term financial and environmental benefits. To make the most of this opportunity, stay informed about the subsidy process, choose a reputable solar provider, and ensure proper maintenance of your solar system. With these steps, you can effectively benefit from Kerala's commitment to promoting renewable energy and contribute to a greener future.

FAQs: Your Common Questions on MNRE Solar Subsidy in Kerala – July 2024

1. What Is a Solar Subsidy in Kerala?
   

   A solar subsidy is a financial support provided by the government or organizations to reduce the cost of installing solar power systems. It aims to make solar technology more affordable and encourage its adoption by reducing the initial investment needed for installation. The subsidy may be in the form of direct rebates, tax credits, or grants.

2. Who Is Eligible for a Solar Subsidy in Kerala?
   

   Eligibility depends on factors like property location, the type of solar system, and sometimes the applicant's income level. Homeowners, businesses, and public institutions may qualify if they meet the specific criteria set by government programs or local authorities.

3. What Is the Typical Warranty Period for Solar Panels, and What Other Warranties Are Included in Kerala?
   

   Solar panels typically come with a 25-year warranty. Additional warranties for components like inverters and batteries are also provided by the manufacturers, and there is often a workmanship warranty for the installation.

4. What Is the Quality of Solar Panels and Inverters Used in the Subsidy System in Kerala?
   

   The solar panels and inverters meet the quality standards set by the Ministry of New and Renewable Energy (MNRE), including BIS (Bureau of Indian Standards) and ALMM compliance. Only government-approved brands are used after rigorous testing. Each batch is tested by MNRE, and additional field tests are conducted to ensure ongoing compliance and performance.

5. How Long Does It Take to Deliver and Install a 3 Kwp System With a Subsidy in Kerala?
   

   For a 3 kWp system, the process from payment to commissioning usually takes around 30 days. Delivery of materials is expected within 15 days, followed by installation within another 15 days. The MNRE completes the net meter connection within an additional 15 days, under normal conditions.

6. What Are the Accepted Payment Methods?
   

   Payments can be made through 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). A receipt will be issued once payment is realized.

7. How Can I Calculate the Amount of Solar Energy I Need?
   

   A 1 kWp solar system typically produces 90 to 120 units of electricity per month. To estimate your solar needs, divide your total annual electricity consumption by 90 or 120. Reviewing past electricity bills or consulting with a solar provider can also help determine the appropriate system size.

8. What Is Net Metering for a Household Solar System Connected to the Grid in Kerala?
   

   Net metering allows you to draw power from the grid when solar production is insufficient and sell excess energy back to the grid when production is high. The net meter tracks both inflow and outflow of electricity, which is reflected in your monthly bill.

9. What if My Roof Doesn’t Receive Enough Sunlight?
   

   If your roof does not receive sufficient sunlight due to shading or poor orientation, a solar installer can assess your situation or recommend joining a community solar farm, which provides solar benefits without installing panels on your roof.

10. Solar System in Kerala to Pay For Itself?
    

    The payback period for a solar-powered home is typically 6–8 years, depending on factors such as the cost of electricity, system price, payment method, and electricity consumption. Despite these factors, solar energy is cost-effective over the long term due to its consistent and substantial output for 25 years.

11. What Warranties Are Offered for Solar Systems With Subsidies?
    

    All systems come with a 5-year limited manufacturing warranty. Additional warranties beyond 5 years are available for specific components like solar panels and inverters, depending on the brand. These extended warranties are directly provided by the manufacturers.

12. How Long Do Solar Panels Last?
    

    Most solar panels have a 25-year performance warranty, during which they are expected to maintain at least 85% of their initial capacity. While efficiency may decrease over time, the panels will continue to produce some electricity beyond this period.

13. What Maintenance Is Required for a Home Solar System, and How Does an Amc Plan Help?
    

    Regular cleaning and maintenance are needed to ensure optimal performance. Solar providers may offer an AMC (Annual Maintenance Contract) that includes inspections and comprehensive services, reducing downtime and extending the system's lifespan.