Switching to solar energy is a smart choice in 2024, as it not only reduces electricity bills but also helps in reducing carbon footprints. a 3kW solar system is a popular choice for small homes or small-scale commercial applications. In this blog, we will explore the 3kw solar system price in india with subsidy in 2024, the available subsidies, and the benefits of switching to solar energy.
What is a 3kW Solar System?
A 3kW solar system is designed to produce an average of 12-15 units of electricity per day, depending on location and sunlight availability. It’s ideal for homes with moderate electricity usage, typically consuming 300-500 units per month.
3kW Solar System price in India with subsidy (2024)
The price of a 3kW solar system can vary based on the type of system (on-grid, off-grid, or hybrid) and the brand you choose. Below is the average cost for different types of 3kW systems in India in 2024:
- On-Grid Solar System
- Price: ₹1,50,000 to ₹1,80,000 (excluding subsidy)
- This system is connected to the grid and is ideal for areas with reliable electricity supply.
- Off-Grid Solar System
- Price: ₹2,00,000 to ₹2,40,000
- This system includes batteries for storing power, making it suitable for areas with frequent power cuts or no access to the grid.
- Hybrid Solar System
- Price: ₹2,20,000 to ₹2,60,000
- A combination of on-grid and off-grid systems, hybrid systems allow users to store energy while remaining connected to the grid for backup.
Government Subsidy on Solar Systems in 2024
The Indian government continues to offer subsidies on residential solar systems to promote renewable energy. The MNRE (Ministry of New and Renewable Energy) provides subsidies based on system capacity, reducing the upfront cost significantly. Here are the key details for 2024:
- Subsidy Rates:
- For systems up to 3kW: Up to 40% subsidy of the total cost.
- For systems between 3kW to 10kW: 20% subsidy for the portion exceeding 3kW.
- How Subsidy Works:
- If the base price of a 3kW solar system is ₹1,50,000, a 40% subsidy can reduce the cost by ₹60,000, bringing the final cost down to ₹90,000.
- Eligibility Criteria:
- The solar installation must be done by a government-approved vendor.
- The subsidy is only available for residential users and not for commercial purposes.
- Applying for Subsidy:
- You can apply for the subsidy through state nodal agencies or the National Portal for Rooftop Solar launched by the MNRE.
Breakdown of 3kW Solar System Costs with Subsidy (2024)
Here’s an estimated cost breakdown with and without subsidies for a 3kW on-grid solar system:3kw solar system price in india with subsidy
| Item | Without Subsidy (₹) | With 40% Subsidy (₹) |
|---|---|---|
| Solar Panels | 60,000 | 36,000 |
| Inverter | 30,000 | 18,000 |
| Structure & Wiring | 20,000 | 12,000 |
| Installation | 10,000 | 6,000 |
| Total | ₹1,50,000 | ₹90,000 |
Benefits of Installing a 3kW Solar System
- Savings on Electricity Bills:
A 3kW system can save up to ₹4,500 per month on electricity bills, depending on your usage and location. Over 25 years, you could save over ₹13,50,000. - Return on Investment (ROI):
With a subsidy, the payback period for a 3kW system is typically 3-4 years. After that, the electricity generated is practically free. - Environmentally Friendly:
A 3kW system reduces carbon emissions by an estimated 4 tonnes annually, helping in the fight against climate change. - Low Maintenance:
Solar systems require minimal maintenance, primarily occasional cleaning of panels to ensure maximum efficiency.
Is a 3kW Solar System Right for You?
A 3kW solar system is perfect for homes with moderate electricity consumption or small businesses looking to reduce energy costs. 3kw solar system price in india with subsidyBefore deciding, consider your energy needs, the available roof space, and your long-term financial goals.
Conclusion
In 2024, the price of a 3kW solar system in India has become more affordable with government subsidies, making it an excellent investment for homeowners looking to save on electricity bills and reduce their environmental impact. With a 40% subsidy, a 3kW system that could originally cost ₹1,50,000 can be yours for just ₹90,000.
Solar energy is the future, and now is the time to make the switch!
Do you have any questions about solar systems or subsidies in India? Let us know in the comments!
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