Solar energy is becoming increasingly popular as a clean and sustainable source of power. In India, the state of Kerala has taken significant steps towards harnessing solar energy by encouraging the installation of solar systems in residential, commercial, and industrial sectors. This article delves into the solar system price and available subsidies in Kerala, shedding light on the financial aspects of adopting solar energy.
Understanding Solar System Prices
Installing a solar system can be a substantial investment, but the long-term benefits make it a worthwhile consideration. The cost of a solar system in Kerala depends on various factors, including the size of the system, the materials used, and the complexity of the installation. On average, a residential solar system in Kerala can range anywhere between INR 1 lakh to INR 10 lakhs, depending on these factors. Commercial and industrial solar systems tend to be larger in scale and may have higher upfront costs.
Factors Influencing Solar System Prices
Several factors contribute to the variation in solar system prices. These factors include.
Size of the system : A larger solar system will generally have a higher price tag due to the increased number of solar panels and associated equipment required. It is important to assess the energy needs of the property before determining the system size, as an oversized system may lead to unnecessary expenses.
Quality of materials : The price of solar panels can vary significantly depending on their quality and efficiency. High-quality panels tend to be more expensive, but they are more durable and offer better performance over time.
Opting for reliable and reputable brands can ensure that the solar system remains efficient and reliable in the long run.
Installation complexity : If the installation requires additional components like solar trackers or battery storage systems, the overall cost of the solar system may increase.It is crucial to consult with a professional solar installer to assess the installation requirements accurately.
Government Subsidies for Solar Systems
In Kerala, the government has taken commendable steps to incentivize the adoption of solar systems through attractive subsidy programs. These subsidies aim to make solar energy more accessible and affordable for individuals and businesses. Here are some notable subsidy schemes available in Kerala.
Grid-Connected Solar Rooftop Systems Subsidy
Under this scheme, individuals and organizations installing grid-connected solar rooftop systems can avail a subsidy of up to 40% on the total system cost. The subsidy is provided by the Kerala State Electricity Board (KSEB) or the Kerala Renewable Energy Development Agency (KREDA).
Agricultural Solar Subsidy Scheme
Recognizing the importance of solar energy in agriculture, the Kerala government provides a subsidy of up to 90% for solar systems installed in agricultural premises. This scheme aims to support farmers in reducing their dependence on traditional power sources and embracing sustainable energy solutions.
Conclusion
Understanding the price components and available subsidies is essential when considering the installation of a solar system in Kerala. While the upfront costs may seem significant, the long-term benefits, such as reduced electricity bills and a lower carbon footprint, make solar energy an attractive investment. By taking advantage of the government subsidies, individuals and businesses can make solar energy more financially feasible and contribute to a greener future for Kerala.
TMK Systems Private Limited, Ettumanoor, Kottayam, Kerala
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