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Solar Power for Bengaluru Homes: A Comprehensive Guide on Costing and Subsidies

If you’re considering solar power for your home in Bengaluru, understanding the costs and available subsidies is essential for making an informed decision. This guide provides a detailed look at the costs associated with solar installations and the benefits offered by the PM Surya Ghar Yojana.


1. Costing for Solar Power Systems

Understanding the costs of solar power systems is crucial for effective financial planning. Here’s a detailed breakdown:

Determining the Right Solar System Size

The size of the solar power system you need depends on your monthly electricity consumption and your sanctioned load. This information can be found on your electricity bill from your local DISCOM. (link this back to the blog about sizing)

Monthly Electricity Consumption

Recommended Solar System Size

0-250 units

1-2 kW

250-350 units

2-3 kW

More than 350 units

Greater than 3 kW

Note: If your monthly electricity consumption exceeds your sanctioned load, the size of the solar system you can install will be determined by your sanctioned load.

Costing Before the Subsidy

The cost of solar power systems before applying for the solar subsidy is as follows:

System Capacity

Estimated Cost (Excluding Subsidy)

2.5 kW

Rs 2.1 lakhs

3 kW

Rs 2.4 lakhs

4 kW

Rs 3.2 lakhs

5 kW

Rs 3.7 lakhs

2. PM Surya Ghar Yojana Subsidy

The PM Surya Ghar Yojana aims to make solar power more affordable by offering financial support. Here’s an in-depth look at the subsidy structure and application process:


Subsidy Structure

The subsidy varies based on the system capacity:

System Capacity

Maximum Total Subsidy

1-2 kW

Rs 30,000 to Rs 60,000

2-3 kW

Rs 60,000 to Rs 78,000

Above 3 kW

Rs 78,000

 Costing After the Subsidy

Here’s how the costs break down after applying the PM Surya Ghar Yojana subsidy:

System Capacity

Estimated Cost (Excluding Subsidy)

Applicable Subsidy

Estimated Cost (Including Subsidy)

2.5 kW

Rs 2.1 lakhs

Rs 67,000

Rs 1.3 lakhs

3 kW

Rs 2.4 lakhs

Rs 78,000

Rs 1.6 lakhs

4 kW

Rs 3.2 lakhs

Rs 78,000

Rs 2.4 lakhs

5 kW

Rs 3.7 lakhs

Rs 78,000

Rs 2.9 lakhs

To qualify for the subsidy, ensure the following:

  • Solar Panels: Must be MNRE-approved and manufactured in India.

  • System Type: Both on-grid and hybrid solar systems are eligible.

  • Subsidy Cap: The maximum subsidy amount is Rs 78,000 for systems of 3 kW and above.

Eligibility Criteria

Subsidy Application Process

Follow these steps to apply for and receive the subsidy:

Step

Description

1. Installation

Install the solar power system according to specifications

2. Inspection

A local DISCOM will inspect the installed system to verify compliance and functionality

3. Documentation

Submit necessary documents, including system details and installation proofs, to the DISCOM

4. Subsidy Credit

Upon successful inspection and documentation, the subsidy amount will be credited to your bank account within approximately 30 days

Key Takeaways

  • System Size: Choose a system size that matches your monthly electricity consumption and sanctioned load for optimal efficiency.

  • Cost and Subsidy: Understand both the pre-subsidy and post-subsidy costs to plan your budget effectively. The subsidy significantly reduces the initial financial outlay.

  • Subsidy Benefits: The PM Surya Ghar Yojana offers substantial financial support, making solar power more accessible and affordable.

  • Application Process: Follow the structured steps for a smooth subsidy application and timely receipt of the financial support.

By carefully evaluating your energy needs, understanding the costs, and leveraging the PM Surya Ghar Yojana subsidy, you can make a well-informed decision about installing solar power in your Bengaluru home. Bottom of Form

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