Benefits of Going Solar: Exploring Government Solar Panel Installation Programs
Solar panels are the new age solution to all energy needs. As climate change and global warming take precedence, the government is encouraging solar installation for home through different schemes and subsidies.
Benefits of Going Solar
Before we look into the different solar panel installation government scheme, here
are a few reasons to switch to solar energy:
- Reducing Electricity Expenses
- Renewable Source of Energy
- May Increase Property Value
- Control Your Energy Production and Consumption
Installation Subsidy Programs by the Government
With the ominous signs of climate change affecting lives all around the globe, governments of many countries have realised the crucial role they play in limiting further progress of global warming. Hence, many governments have launched incentives and subsidies with the ultimate goal of increasing the adoption of solar energy as the sole source of power. India has also followed suit with many initiatives launched in the past decade. Here are some of the schemes provided:
Chief Minister’s Solar Rooftop Capital Incentive Scheme
Launched in 2013 by the government of Tamil Nadu, applicants can enjoy solar panel installation at a subsidised price. Only domestic consumers with a TANGEDCO service can use this rooftop solar subsidy in Tamilnadu for 1kWp grid-connected plants. The Tamil Nadu government provides a subsidy of 20,000 rupees to install solar PV plants. Eligible applicants can choose offline or online mode to apply for the subsidy.
Also check it out: PM Surya Ghar Bijili Yojana
National Portal for Rooftop Solar
Also known as the New and Simplified Programme for Rooftop Solar Phase II, the scheme is a cross India subsidy programme that aims to make the use of solar energy common for domestic and residential needs. Depending on the requirements and size of the system, you can apply for a predetermined per-kilowatt of Central Financial Assistance (CFA)/Central Government Subsidy through the National Portal for Rooftop Solar. The rooftop solar subsidy in Tamilnadu applicable for different sizes of solar system are as follows:
| Size of Solar System | Subsidy Available |
|---|---|
| Till 3 kW | Rs. 14,588/kW |
| More than 3 kW up to 10kW | Rs. 7,294/kW |
| More than 10 kW | Rs.94,822/ kW |
| Resident Welfare Associations (RWA) |
Rs. 7,294/ kW |
Cost of Installing Solar Panels
The prices of solar panel installations differ depending on the type of system you choose. The solar systems which are grid-connected are eligible for the rooftop solar subsidy in Tamilnadu. As the most affordable option, the cost of installing solar panels for home ranges as follows:
| Solar System Size | Estimated Price Range |
|---|---|
| 1kW System | Rs. 75,000 – 85,000 |
| 2kW System | Rs. 1,50,000 – 1,70,000 |
| 3kW System | Rs. 1,89,000 – 2,15,000 |
| 4kW System | Rs. 2,52,000 – 2,85,600 |
| 5kW System | Rs. 3,15,000 – 3,57,000 |
| 10kW System | Rs. 5,31,000 – 6,07,000 |
Solar Installation for home can be quite an expensive ordeal. We assist you by browsing through and applying government subsidies for solar panel installations at the lowest price possible. Contact us for a brighter future at an affordable price!
from Webdoux