With the upgradation in technology, high Electricity bills have become a very common issue for today’s generation, since almost everything is being done digitally, many advanced appliances are being used for the daily house chores or in Corporate, which consume a lot. The only solution to overcome this challenge is the Solar Power System.
The Solar System reduces electricity bills, provides reliable energy, supports a clean environment and long term savings. In this blog, we will explain the benefits of solar installation benefits, Solar ROI, costs and more that help you to choose the best solar system.
What Is Solar Energy?
Solar energy is a clean and environmentally friendly energy. By installing a solar system, you can enjoy clean solar energy that helps you to reduce electricity bills while providing uninterrupted power. Solar energy is a perfect option for houses, industries and commercial sectors.
What Are the Solar Installation Benefits for Homes and Businesses?
There are many solar installation benefits for homes and businesses such as, reduce electricity bills, uninterrupted power, clean energy, solar ROI and more.
In today’s generation, the solar panel system plays an important role for providing clean energy. Let’s understand why solar installation is a good option for homes and businesses.
Reduce Electricity Bills: The major feature of a solar panel system is that it reduces electricity bills. By generating clean energy directly from the sun, the system supplies clean and reliable energy for your homes and businesses that helps to run all appliances and machinery equipment without any interruption.
Provide Clean Energy: Solar Panel systems produce clean energy without emitting carbon emissions which does not harm the environment. It also reduces your dependency on fossil fules, generator, etc.
Payback Period: A solar system requires high-cost initial setup system but it will recover your investment within 3-5 years. By installing a system, you will save on monthly electricity bills that ensure solar power savings.
Net Metering Benefits: With Net Metering benefits, you can sell solar energy that your system produces extra energy. Any extra energy produced can be stored or sent back to the grid. For extra generated power, companies pay you.
How Solar Slashes Your Monthly Bills?
By generating your own clean energy from sunlight, a solar system helps you to reduce electricity costs. Once solar panels are installed, they generate electricity during the day that easily runs your daily appliances.
You can store extra generated electricity or sent back to the grid through net metering. Over time, it reduce electricity bills, protects from rising electricity tariffs, and provides long-term savings on energy costs.
MNRE Solar Subsidy in India
Through the solar subsidy government makes solar installation more affordable. The rooftop solar subsidy provided by the Government helps to reduce the upfront cost of solar panel system installation.
The MNRE solar subsidy varies based on several factors such as system size and location. The PM Surya Ghar Muft Bijli Yojana main objective is to promote clean energy while supporting a greener and more sustainable environment.
Check the points below to know about how much rooftop solar subsidy you will get:
- On 1 KW Solar System – ₹30,000
- On 2 KW Solar System – ₹60,000
- On 3 KW to 10 KW Solar System – ₹78,000
How Can I Apply for a Solar Subsidy?
You can easily apply for a solar subsidy by following the simple steps:
- Visit the “PM Surya Ghar Muft Bijli Yojana” website.
- Now, click on the “Consumer” button and hit the “Apply Now” button.
- Enter your contact number, enter the captcha code, and click the “Verify” button.
- Finish the “Login” process by filling the “OTP”.
- Enter the required details, such as your name, PIN code, email address, and address.
- Hit the “Next” button.
- Select an approved vendor for solar panel system installation.
- Apply for a net metering connection with your DISCOM.
- After installation the solar panel system, upload some required documents, such as the Commissioning certificate, Bank details, and System photos & invoices.
- After all approvals are completed, you will receive the MNRE solar subsidy within 30 days.
What Is the Cost of Installing a Solar Panel System?
The cost of installing a solar panel system depends on several factors such as system size, location, or other factors.
Look at the table below to understand the solar panel system cost for the residential sector.
| Solar Project Capacity | Project Cost (In Rs) | MNRE Subsidy (Central Govt.) | Subsidy By the State Govt. * | Subsidy credited in Account (Rs.) | Net Solar System Cost |
| For 3 kWp | ₹2,10,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹1,02,000 |
| For 4 kWp | ₹2,70,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹1,62,000 |
| For 5 kWp-1Ph | ₹3,05,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹1,97,000 |
| For 5 kWp-3Ph | ₹3,37,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹2,29,000 |
| For 6 kWp | ₹3,70,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹2,62,000 |
| For 8 kWp | ₹4,70,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹3,62,000 |
| For 10 kWp | ₹5,65,000 | ₹78,000 | ₹30,000 | ₹1,08,000 | ₹4,57,000 |
Why Choose Koshish Solar for Installing a Solar System?
Selecting the right company is essential for installing a solar system. Koshish Solar makes your switch to solar easy, affordable, and reliable. We provide end-to-end solar solutions, from system design and installation to subsidy assistance and after-sales support.
Our team uses high-quality, Tier-1 solar panels and trusted components to ensure long-term performance and maximum savings.
With years of experience, Koshish Solar focuses on delivering systems that meet your electricity needs and budget. We handle all technical approvals and government subsidy processes, so you can enjoy clean energy without any problems.