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When considering solar energy for your home, one of the initial questions that arises is the cost of installation and whether government subsidies are available to offset some of the expenses. 3kW solar system installation can significantly reduce your reliance on traditional energy sources and potentially lower your utility bills over time. In this guide, we will explore the typical costs associated with installing a 3kW solar system, the potential government subsidies that may be applicable, and how you can avail of these subsidies to make your transition to solar power more affordable.
To understand the cost of installing 3kW solar system, first, we will have to find out the components that make the 3kW solar system:
Solar Panels: These capture sunlight and convert it into electricity. For a 3kW system, you might need around 10-12 solar panels, depending on their wattage.
Mounting Structure: This provides support for the solar panels and ensures they are securely fixed to your roof or another surface.
Inverter: The inverter converts electricity generated by the solar panels. A 3kW unit is the inverter capacity.
Mounting Hardware: Various bolts, brackets, and rails are used to securely attach the solar panels to the mounting structure and roof.
Connector and Wiring: Make sure you use sturdy wiring to support a 3kW system. The wiring and the connecto₹will be responsible for the entire electric supply.
Monitoring System: Some installations include monitoring equipment that tracks the performance of the solar system and provides real-time data on energy production.
Electrical Safety Devices: These may include disconnect switches and surge protecto₹to ensure the safety of the system and your home’s electrical infrastructure.
Your 3kw solar system cost will depend on the pieces of the above-mentioned units. These components work together to harness solar energy and convert it into usable electricity for your home or business.
From January 2024, the cost of 3kW solar panel in India is approximately ₹1,22,979 without any subsidies. However, with the government’s 40% subsidy for residential rooftop systems, the price can drop significantly to around ₹73,787 for 3kW. Keep in mind that the total cost can vary based on several factors:
Type of Systems:
Energy Needs: You may need larger systems to fulfill all your energy requirements.
Grid Connection: Off-grid systems may require additional components such as energy storage, which can increase overall costs. Remember, opting for solar power reduces your reliance on traditional energy sources and leads to long-term savings on utility bills.
In India, the government extends subsidies to both individuals and businesses interested in adopting solar energy through the Free Solar Rooftop Scheme 2024. This initiative offers the following subsidies:
These subsidies aim to incentivize the adoption of solar power, making it more accessible and affordable for both residential and commercial users. So, to answer your query, “How much does a 3kW solar panel system cost?” Suppose you go for an on-gird system, the total amount has to be subtracted from the subsidy. By taking advantage of these subsidies, you can significantly reduce the initial costs.
Under the Rooftop Solar Scheme, also known as the PM Surya Ghar Muft Bijli Yojana, the Indian government provides subsidies for the total 3kW solar panel installation cost you incur. To qualify for these subsidies, you must:
Applications can be made at a relevant billing office or through the WBSEDCL portal. However, applicants are responsible for covering the following costs:
To apply for the MNRE subsidy, you have to upload your identity proof, address proof, and bank details. Once the application is submitted, you’ll receive an acknowledgment. DISCOM officials will then verify the application and grant your approval along with a No Objection Certificate (NOC) to proceed with the project installation. It’s essential to note that the process may vary depending on your location or individual circumstances.
We hope by now you know “How much does a 3 kW solar system cost?”. Well, let’s say installing a 3kW solar system can vary in cost depending on factors like location, type of system, and energy needs. However, government subsidies can significantly reduce the upfront expenses, making solar power more accessible and affordable for homeowners and businesses. To avail of these subsidies, you can check eligibility criteria and apply online or offline through designated channels, ensuring a smoother transition to renewable energy while contributing to a greener future.
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