How much would it cost to go solar? Are there any subsidies available?

Assuming you will be using high-quality solar panels, a 1 kW solar system will typically cost between Rs 60,000 and Rs 70,000. However, this amount may vary depending on your location and the type of installer you choose.

Therefore, a 5 kW solar system will cost you around Rs 3,00,000 (Rs 60,000 * 5 kW).

India has a National Subsidy Scheme for which a National Portal for Rooftop Solar was launched on the 30th of July, 2022.

Here are the subsidy calculation parameters:

*All information provided including financial data (like pricing, return on investment), etc., is for the purpose of broad understanding and is not precise. Please consult your authorized financial advisor for financial advice. Fenice Energy does not intend to provide financial advise and undertakes no liability for the same.

There are 3 main eligibility criteria to get subsidy:

• You can get a subsidy for your solar system by using India-made panels approved by MNRE

• It is only available for On-grid solar system and Hybrid solar systems
• If you’re a homeowner, you can enjoy a subsidy for up to 10 kW residential solar projects.

Therefore, total estimated cost for the solar systems including subsidy will be:

*Note: Tax is not added in the above calculation 

Ministry of New and Renewable Energy (MNRE) sends the subsidy straight to your bank account within 30 days of your local electricity distribution company (DISCOM) inspection. No more waiting or complicated processes. Enjoy the benefits of clean energy hassle-free.

*All information provided including financial data (like pricing, return on investment), etc., is for the purpose of broad understanding and is not precise. Please consult your authorized financial advisor for financial advice. Fenice Energy does not intend to provide financial advise and undertakes no liability for the same.