Switching to solar is not just a trend; it is a smart decision. We all face the rapid increase of the electricity bill. This is the major reason many people think of switching to solar. But due to the huge installation cost, they hesitate. To overcome the cost and make solar accessible to everyone, the central government introduced a subsidy for solar panels. This makes a drastic change in the ratio of people installing solar panels. In this blog, let’s know the latest information on the solar panel subsidy, how to get it, the benefits of solar subsidy Kerala, and why now is the best time to make the switch to clean energy.
What is a solar panel subsidy?
Solar panel subsidy is the financial incentive provided by the government of India to encourage the installation and make solar energy more affordable and accessible to the general public in India.
Through the Ministry of New and Renewable Energy (MNRE), the government of India offers subsidies to residential consumers and housing societies under the solar power subsidy scheme PM Surya Ghar Muft Bijili Yojana. This initiative is designed to increase the adoption of solar energy and reduce the country’s dependence on non-renewable energy sources.
Get To Know More About PM Surya Ghar Muft Bijili Yojana Solar subsidy
Pradhan Mantri Surya Ghar Muft Bijili Yojana is a government scheme launched by Prime Minister Narendra Modi to provide free electricity to households in India on February 15, 2024.
The highlights of the scheme include
- Free electricity
- Rooftop solar installation
- Earn from Surplus power
- Reduce solar panel cost
- Increased use of renewable energy
- Reduced carbon emissions
Information Regarding PM Surya Ghar Muft Bijili Yojana
The subsidy will cover up to 40% of the solar panel cost for home. The scheme is expected to benefit 1 crore households across India. For 1 kW systems, the subsidy is Rs 30,000; for 2 kW systems, it is Rs 60,000; and for 3 kW systems or more, it is Rs 78,000.
| Average monthly electricity in units | Rooftop Solar Capacity | Solar System Price | Subsidy Amount |
| 0-150 | 1-2 kW | ₹65,000 – ₹1.4 lakh* | ₹ 30,000/- to ₹ 60,000/- |
| 150-300 | 2-3 kW | ₹1.4 – ₹2.2 lakh* | ₹ 60,000/- to ₹ 78,000/- |
| >300 | 3 kW and above | ₹2.2 lakh – ₹6.5 lakh* | ₹ 78,000/- |
Note: The price may vary with the brand you choose and the dealer.
Solar Panel Government Subsidy in Kerala
Kerala State Electricity Board (KSEB) plays a key role in implementing these rooftop solar panel installation projects locally. The main goal is to encourage homeowners to switch to renewable energy sources while also lowering their electricity bills. This subsidy is directly transferred to the beneficiary’s account under the Direct Benefit Transfer (DBT) system.
How to Apply for Solar Subsidy Kerala
If you’re a resident of Kerala and are interested in installing a rooftop solar system, here are the steps you can follow to apply for the solar subsidy best solar company in Kerala:
- Register on the MNRE Portal: Visit the official [National Portal for Rooftop Solar](https://solarrooftop.gov.in/).
- Submit Your Application: Fill in the details and upload the required documents.
- Get Approval: Once your application is approved, you will receive a sanction letter.
- Install the system: Choose a registered vendor and install the system as per MNRE standards.
- Inspection and Commissioning: After installation, KSEB will inspect and approve your setup.
- Receive Subsidy: After final verification, the solar panel subsidy amount will be credited to your bank account.
Additional tip: If you visit a reliable and popular dealer like GEPS ENERGY for solar panel installation, their team will guide you through the solar panel subsidy application process and help you receive the subsidy quickly.
The Benefits of the Solar Subsidy Scheme
- Financial Savings: The overall cost of installation is greatly decreased when subsidies are in place.
- Reduced Electricity Bills: After solar panels are installed, your monthly electricity costs can be significantly reduced.
- Impact on the Environment: Solar energy is green and clean. It lowers your carbon footprint.
- Energy Independence: Reduce your dependency on the grid by producing your own electricity.
- Raise Property Value: Solar-powered homes are frequently more valuable when they are sold.
Who is Eligible for Solar Panel Subsidy in Kerala?
Kerala’s government solar panel subsidy is available to the following categories:
– Homeowners on their own (for residential use only)
– Residential welfare associations and group housing societies (for common areas)
Note: The residential subsidy program does not apply to commercial or industrial properties.
The Importance of Choosing A Trusted Solar Provider
Working with a solar vendor who is MNRE-empaneled and knowledgeable about the subsidy process is always a good idea to guarantee a stress-free experience. Companies like GEPS Energy, based in Kerala, offer full support—from site inspection and system design to documentation and installation.
GEPS Energy is a reputable name in solar power, having completed more than 1000 MNRE projects throughout Kerala. Their staff makes sure everything runs smoothly and helps clients navigate the subsidy process.
Wrapping Up
For Kerala and Indian people, this is the golden opportunity to switch to solar energy while enjoying financial savings. With government support, switching to solar energy is easier than ever before.
Don’t hesitate if you’ve been considering switching to solar power. Take the first step toward a smarter, greener future by applying for the solar subsidy program. Get in touch with GEPS Energy, your reliable solar partner in Kerala, for additional details or to arrange a free site inspection.
FAQ
- What is the 5 kW solar system price in India with a subsidy?
The approximate cost of 5 kW solar power is Rs. 30,2825/- without the subsidy. The government offers a Rs. 78,000/- subsidy for 5kW solar panel systems.
- Can someone who has already installed solar panels apply for a subsidy?
No. You must apply via the national portal and meet the correct protocol prior to installation in order to qualify for the solar panel subsidy.
- Is there a deadline to apply for the subsidy?
There is no fixed deadline as the subsidy is ongoing, but it’s best to apply early as funds are limited and on a first-come, first-served basis.
- Which solar panel is best?
Monocrystalline panels. Its high efficiency makes them an ideal choice for homes with limited roof space.
