Recently, Indians have become more responsible and embracing renewable energy. It helped solar power emerge as a crucial solution to combat the rising energy demands. Thanks to the affordability and long-term benefits, India’s solar energy adoption is accelerating, especially in the small commercial and residential sectors.
Most people prefer the 3kW solar panel among the various solar solutions available, as it’s ideal for small businesses and medium-sized households. Installation of solar panels efficiently reduces electricity costs and carbon footprints and ensures energy dependency. The blog further explores the pricing, government subsidies, technical specifications and benefits of installing a 3kW solar panel system in India.
A 3kW solar panel system is a moderate-sized solar installation that generates electricity to meet the energy needs of a home or a small business. The system comprises eight to ten panels, a mounting structure, an inverter and wiring. On average, a 3kW solar system produces around 375 kilowatt-hours (kWhs) of electricity monthly or between 4,000 and 5,000 kWhs annually. However, the amount of energy your solar system produces varies depending on where you live. If you live in dry and warm areas, your solar panels will produce more energy than in the regions that receive maximum rain.
The solar panels utilize solar photovoltaic technology to generate electricity. Regardless of the shape, type and size of your 3kW solar panel or the nature of your solar energy system, the system generates power through the same photovoltaic effect. When the photos in the sunlight encounter a PV module, the solar cells absorb these photons. It creates a flow of energy or direct current that requires a solar inverter to transform into usable alternating current energy, which powers the home and office.
Certain factors like the type of the system, efficiency rating of solar panels and quality of other solar components determine the cost of a 3000-watt solar panel system in India. The price for a home installation will depend on an individual’s location, availability and promotions. On average, the upfront solar investment with subsidies ranges between INR 1,60,000 and 3,00,000.
The government allows subsidies primarily for installing 3kW solar panel systems in the neighbourhood and houses. Anyone wishing to install solar panels must visit the National Portal for Rooftop Solar website. You can also submit the subsidy application online and track the process.
Ministry of New & Renewable Energy (MNRE) offers a 40% subsidy on home solar panels. Those installing 3kW grid and off-grid solar systems can avail of the subsidy. However, in the case of off-grid systems, the government will pay the subsidy after excluding the cost of the batteries. If you invest in a system higher than 3kW, you can get a 20% subsidy for units up to 10kW.
On average, a 3kW capacity system will generate 12 units every day. Therefore, you can expect that your solar system will deliver 360 units monthly or 4320 units annually.
To install a 3kW solar panel, you require a roof space of 21 square meters.
Your solar panels have a warranty of 25 years. However, the other crucial parts of the systems have a warranty of five to ten years, depending on their brands.
The primary advantage of installing a solar panel system is that it reduces your monthly electricity bills. Using the power your panel system produces, you will not require purchasing electricity from the grid. Instead, you will always have surplus power. You can export the unused electricity to the grid to earn solar credits.
Your monthly savings accumulate to a significant amount annually. Depending on the mode of payment for purchasing the panel system and the weather conditions of your location, you can pay back the initial cost within six to eight years. Besides, your home continues to generate electricity for 25 to 30 years, making solar an excellent investment for higher ROI.
Solar energy is clean energy derived from the Sun. As more and more homes switch to solar, there’s a reduction in your collective dependence on conventional energy sources, reducing the emissions of greenhouse gases. Besides saving our planet, you can find it in finite amounts, which is not a viable option to meet our future electricity requirements.
Adapting to solar power not only defines how you generate electricity but also transforms your lifestyle. It further helps in saving our planet. Subhasree, as your trusted solar ally, supports you in every way possible. Your path towards solar empowerment becomes not only accessible but also incredibly rewarding. Let the sunshine on your journey light the way towards a brighter and greener tomorrow.