In recent years, both national and state governments have demonstrated strong support for solar energy initiatives. They have established an ambitious target of achieving 250 gigawatts of power from renewable sources by the year by March, with a further goal of reaching 500 gigawatts by 2030.
The initiative to make solar panels more affordable has been a significant aspect of this movement. The government provides financial support through the Central Financial Assistance program administered by the Ministry of New and Renewable Energy (MNRE) in collaboration with local electricity providers. This initiative has enabled individuals across India, including those residing in rural areas, to install solar panels on their rooftops.
Additionally, a new scheme known as PM Muft Bijli Yojana, or PM Surya Ghar, has been introduced to assist individuals in reducing the costs associated with rooftop solar systems either ongrid or hybrid solar system. This program can offer financial incentives of up to Rs. 78,000, effectively allowing participants to recoup their investment through savings. As electricity costs continue to rise, transitioning to solar energy presents a prudent opportunity to save money while contributing positively to the environment.
HOME SOLAR SUBSIDY IN INDIA – JANUARY 2025
Are you aware of the pricing associated with solar systems? Below are some statistics that demonstrate the costs of different residential solar systems presently on the market. The ideal home solar power system and its components will vary based on the size of your property and your energy consumption requirements, generally falling between 1 kWp and 10 kWp for residential applications. As of January 2025, the pricing for a solar power installation (per kWp) in Kerala is outlined below –
| Capacity (kWp) | Average Solar Units Generated/Bimonthly | Price of Solar Subsidy |
| 1 kWp | 210 to 240 units | Rs.30,000 |
| 2 kWp | 456 to 480 units | Rs.60,000 |
| 3 kWp | 684 to 720 units | Rs.78,000 |
| 5 kWp | 1140 to 1200 units | Rs.78,000 |
Note: * It is important to understand that solar production and savings are entirely influenced by solar irradiance and weather conditions. Therefore, no claims or guarantees can be provided regarding the actual production under specific site conditions.
SOLAR POWER PLANTS COSTS IN INDIA – JANUARY 2025
Are you concerned about the expenses associated with solar systems? Don’t let that deter you! In India, government subsidies make solar energy a significantly more economical choice. For example, if you require a 3 kW system for your residence, the Central Financial Assistance subsidy could potentially cover up to Rs. 78,000 of the total cost! This subsidy is applicable to systems with a capacity of up to 10 kW. Keep in mind that the specific subsidy amount and system prices may differ based on your location in India. Therefore, it is essential to partner with a reputable solar company. They can provide insights into the current subsidies and help you maximize your savings, making the transition to solar energy a more appealing option for your home.
RESIDENTlAL SOLAR SUBSIDY IN KERALA – JANUARY 2025
Considering the installation of solar panels for your residence in Kerala? You’re in luck! The government is simplifying the process and making it more cost-effective than ever.
The government allocated solar power resources for approximately residential homes in Kerala through the PM Surya Ghar initiative. The most advantageous aspect is that the government provides financial assistance in the form of subsidies to help cover part of the solar systems costs. This support facilitates the search for a qualified installer and allows you to embark on your solar power journey with ease.
MNRE’s PM Surya Ghar Subsidy Initiative provides a financial subsidy aimed at reducing your expenses on residential solar energy.
You may receive a subsidy of up to Rs. 78,000 for solar systems with a capacity of up to 3 kW.
For larger systems, ranging up to 10 kW, you can also qualify for a maximum subsidy of Rs. 78,000.
It is crucial to understand that to be eligible for this subsidy, all equipment and installation must adhere to the stringent quality standards established by the government. This guarantees that you receive a safe and dependable solar energy system.