India is one of the biggest consumers of electricity and is gradually shifting towards solar energy, and the same goes for the state of Kerala. The solar energy market in Kerala has grown over the years because of the increase in electricity tariffs and growing environmental consciousness.
The Ministry of New and Renewable Energy (MNRE) has projected that Kerala will add 1,000 MW of solar power by 2024 as more households and organisations are adopting solar power systems.
Here we explain the details of the solar panel installation subsidy in Kerala, the incentives, and why it is wise to embrace solar energy as a business and environmental solution.
The Solar Panel Installation Subsidy: A Game Changer
The Kerala government provides solar panel installation subsidy, which helps reduce the initial capital investment needed for a solar energy system. In 2024, this scheme will remain open to help homeowners who want to switch to renewable energy sources.
MNRE Solar Subsidy in Kerala
The MNRE Solar Subsidy is a programme of the central government of India meant to encourage the use of solar energy. This Solar Subsidy Kerala enables homeowners and businesses to install solar panels at a cheaper cost, making solar energy cheaper.
- Subsidy Amount: The MNRE offers a 40% subsidy for roof-top solar power systems of up to 3 kW for residential consumers, whereas systems of 3 kW to 10 kW are subsidised at 20%.
- Eligibility: For this subsidy, the installation must be grid-connected, that is, on-grid solar systems, and the applicant has to fulfil other criteria set by both the state and the central government.
These financial incentives make solar panel installation for home more popular as it allows homeowners to save a lot of money on electricity bills and contribute to the environment’s preservation.
Also Read : What is PM Surya Ghar Muft Bijli Yojana & How Can You Benefit?
How to Apply for Solar Subsidy in Kerala
To take advantage of the Solar Subsidy Kerala, applicants must follow a straightforward process:
- Contacting an Approved Vendor: The first stage is to go to an accredited vendor with MNRE, and the vendor will assist the applicant in the process and installation.
- Document Submission: Some of the documents required include identity proof, documents proving ownership of property, and electricity bills before the process begins.
- Installation and Inspection: After the vendor approves it, the vendor installs the solar panels and then tests the system to conform to the set standards.
- Disbursement of Subsidy: After installation and inspection, the subsidy amount is credited to the applicant’s account or subtracted from the total cost of solar panel installation for home.
Advantages of Installing Solar Panels for Households in Kerala
Adopting solar energy with the aid of solar panel installation subsidy offers a wide range of benefits for homeowners, including:
- Reduced Electricity Bills: A solar panel system can help cut down on monthly electricity bills. For instance, an on-grid system enables users to feed excess power into the grid and get credits that can be used to pay future bills.
- Environmental Impact: Solar energy helps avoid using non-renewable energy sources such as coal and oil, hence lowering the carbon footprint and supporting Kerala’s mission for a cleaner environment.
- Low Maintenance Costs: Solar panels are low maintenance once installed, which means that they are a long-term solution for saving money on energy.
On-Grid Solar Panels: The Preferred Choice for Kerala
The on grid solar system is preferred in Kerala because of the low cost and the chance to get paid for the electricity that is fed back to the utility. Here’s why an on-grid system is beneficial:
- Net Metering: The net metering system enables the generated electricity by the solar panels to be sold back to the grid so as to minimise electricity costs among homeowners.
- No Need for Battery Storage: On-grid systems do not incorporate battery storage; hence, the installation cost is relatively low. The electricity produced during the day is consumed, while the grid power is available at night or when it is cloudy.
Also Read : 9 Advantages of On Grid Solar System for Residential Use
Government’s Responsibility in the Development of Solar Energy in Kerala
The Kerala state government, with the support of MNRE Solar Subsidy, is implementing several measures to shift the state to renewable energy. In 2024, the state government unveiled several measures to enhance solar panel use.
Kerala’s Solar Policy 2024
The state’s solar policy is in line with the national goals for the generation of renewable energy. The Kerala Solar Policy 2024 has the vision to achieve a solar capacity of 1000 MW in the state of Kerala by the year 2024. This policy focuses on:
- Rooftop Solar Installations: Promoting the use of solar panels on the roofs of residential and commercial buildings.
- Financial Incentives: Promising incentives such as subsidies, tax exemptions, and affordable credit to help finance the use of solar energy.
- Awareness Campaigns: Raising awareness of the public on the environmental and financial impact of adopting solar energy.
The Future of Solar Energy in Kerala
With solar panel installation subsidy and policies in place, Kerala is on the right track to becoming a leader in renewable energy adoption. The promotion of solar energy is due to the environmental impact and the gains to be made.
As more households and businesses embrace solar panel installation for home, the state will continue to cut its carbon emissions while offering residents affordable and efficient energy solutions.
Things to Consider When Selecting a Solar Company in Kerala
It is, therefore, important to select the best solar panel installation company in Kerala to enhance their durability. Many of the solar panel installation companies provide excellent services and quality solar power solutions.
Before selecting a solar installation company, consider the following:
- Experience and Expertise: Select companies that have prior experience installing solar systems in the various regions of Kerala.
- Certifications: Make sure the company is certified by the MNRE and other regulatory authorities, as this ensures that the company adheres to government standards and qualifies for subsidies.
- After-Sales Service: Select suppliers who can provide post-sale service, spare parts, and monitoring of the system to ensure proper functioning.
Conclusion
MNRE has worked hand in hand with the state government to ensure that the cost of installing solar power has been reduced and that various incentives are offered. With the increasing focus on renewable energy across the world, Kerala is poised to become a part of the Indian solar mission.
Such subsidies are so encouraging because they help create a healthier environment and bring long-term financial benefits to homeowners who install solar energy systems.
