What is the cost of a solar system installation in Kerala
What is the cost of a solar system installation in Kerala ? with a typical range of ₹45,000 to ₹60,000 per kilowatt (kW) before subsidies. For example, a 3kW system can cost between ₹1.89 lakh and ₹2.15 lakh, but after a central government subsidy of ₹78,000, the out-of-pocket cost can drop to approximately ₹1.11 lakh to ₹1.37 lakh. A 5kW system might cost ₹2.25 lakh to ₹3 lakh initially, with a subsidy reducing the final price to around ₹1.85 lakh to ₹2.85 lakh.
Cost breakdown and examples
Average cost per kW: ₹45,000 to ₹60,000
3kW system (before subsidy): ₹1.89 lakh to ₹2.15 lakh
3kW system (after subsidy): ₹1.11 lakh to ₹1.37 lakh (with a ₹78,000 subsidy)
5kW system (before subsidy): ₹2.25 lakh to ₹3 lakh
5kW system (after subsidy): ₹1.85 lakh to ₹2.85 lakh (with a subsidy of roughly ₹78,000 to ₹90,000)
Factors that influence the cost
System size: The total power output in kilowatts (kW) is the biggest factor in determining the overall cost.
Panel quality and type: Higher-efficiency panels, like monocrystalline panels, cost more than standard ones but are more efficient and take up less space.
Inverter type: The price can range significantly depending on the brand, type, and efficiency of the inverter, which converts DC to AC power.
Installation and labor: This includes costs for mounting structures, wiring, and the professional installation team.
Optional battery: Off-grid systems require a battery, which adds a significant cost of ₹15,000 to ₹25,000 or more, depending on capacity.
Roof conditions: Additional structural costs may be necessary for roofs that are slanted or have obstructions.
Government subsidies in Kerala
The Central Government’s PM Surya Ghar Muft Bijli Yojana provides subsidies that significantly lower the upfront cost.
For systems up to 3kW: A 40% subsidy is available, which for a 3kW system amounts to ₹78,000.
For systems between 3kW and 10kW: A 20% subsidy is provided for the capacity above 3kW
Why a solar installation in Kerala is a worthwhile investment
Long-term savings: Solar power can lead to significant savings on electricity bills. A 5kW system can generate 20-25 units per day, saving thousands of rupees monthly.
Fast payback period: The initial investment is often recovered within 4 to 6 years.
Long lifespan: Solar panels have a typical lifespan of 25 years, providing free electricity after the payback period.
Environmental benefits: Solar energy is a clean, renewable resource that helps reduce your carbon footprint.
Reliable grid connection: Kerala has good solar insolation, making solar power a viable option.
Government support: Subsidies are available to make the initial investment more affordable.
Solar Subsidy Available in Kerala
Eligibility and application process
Eligibility:You must be an Indian citizen with a suitable roof and a valid electricity connection, and you must not have already received a solar subsidy.
Application:Register on the National Portal for Rooftop Solar to apply for the subsidy.
KSEBapproval: Your application will need approval from the local DISCOM, which is KSEB in Kerala.
Installation:Install your solar system using a KSEB-approved vendor - Rysun.
Subsidy disbursement:After installation and approval, you will receive the fixed financial subsidy amount directly.
Kerala’s solar subsidy is primarily through the national PM-Surya Ghar Muft Bijli Yojana, offering up to ₹78,000 in direct subsidy for residential rooftop systems. To apply, register on the National Portal for Rooftop Solar, get your system installed by a KSEB-approved vendor, and then apply for the subsidy. The subsidy amount varies by system size: ₹30,000 for 1 kW, ₹60,000 for 2 kW, and a fixed ₹78,000 for systems of 3 kW and above.
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