Components that Determine the Solar Panel Price
Ever wondered how much it will cost for a solar panel in Kerala? Firstly let's peep into the components that influence the price in Indian as well as Kerala homes. The right solar power system will depend on how big your property is and its energy consumption. That is how much energy you need, capacity starting from 1 kWp. Commonly Indian households prefer 3 kWp and its cost in Kerala as of January 2024 is Rs:68,000 - Rs:83,000 per kWp. The costs mentioned here can vary according to the location and its availability, influence of solar racking system, the choice of brand and its taxes. The above mentioned will have a significant variation if you have any subsidy approved by the central and state government.
Solar Subsidies in Kerala - January 2024
As India and Kerala are highly promoting the renewable and sustainable energy sector, they are also providing subsidies and schemes for the installation of solar power plants. Allowing financial aid among house owners and house societies can help them to afford the overall price of the solar power system that will return a high profit. The subsidies for solar power plants will be influenced by the capacity of units, for example 3 kWp will be eligible for a 40 % of subsidy and 10 kWp or above will be eligible for up to 20 % of subsidy. These subsidies may vary according to its solar state policies of India. The MNRE allocated 200 MW capacity for Kerala specifically and its execution is carried by KSEB through Soura phase 1 and 2. ANERT is also promoting the similar scheme under Surya Thejus Scheme.
Additional Charges and Savings
Additional charges are applicable for the installation of solar plants according to the roofing structure. The cable price for more than 50 meters and the net meter price will not be included in the initial price. For this KSEB also supports having it on rental basis and if it damages KSEB will also provide the assistance.When it comes to the savings part we can lower the electricity bill zero by saving solar energy but it's necessary to install the suitable capacity according to your usage of electricity.
Conclusion
The initial solar panel price may seem higher but the government has initiated so many subsidies that makes you afford the installation. There are around 30 companies to back the subsidies and it's important to collaborate with a responsible and reputed organization to make use of all these advantages implemented by the government that will reflect on the overall price of the solar power system thus avoiding the high price.