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3 kW Solar Panel Price in India with Subsidy

India has been rapidly adopting solar energy as a sustainable and cost-effective solution to its energy needs. Among the various solar system options available, a 3 kW solar panel system is a popular choice for residential and small commercial purposes. This article explores the cost of a 3 kW solar panel system in India, factoring in government subsidies, benefits, and other considerations.

What is a 3 kW Solar Panel System?

A 3 kW solar panel system typically generates around 12-15 units of electricity per day, depending on sunlight availability. It’s ideal for households or small businesses with average power consumption of up to 10-12 units per day. This system can run essential appliances such as fans, lights, a refrigerator, and a television.

Cost of a 3 kW Solar Panel System in India

The price of a 3 kW solar panel system in India varies based on the type of system installed:

• On-Grid System: This system is connected to the main power grid and does not require batteries. The approximate cost of an on-grid 3 kW solar panel system ranges from ₹1,80,000 to ₹1, 95,000.
• Off-Grid System: This system operates independently and requires batteries for energy storage. The cost of an off-grid 3 kW system is higher, ranging from ₹2, 00,000 to ₹2,20,000, due to the additional expense of batteries.
• Hybrid System: A hybrid system combines the features of on-grid and off-grid systems, offering the flexibility of grid connectivity along with battery backup. The cost of a hybrid system ranges from ₹2, 20,000 to ₹2,50,000.

Subsidy on Solar Panels in India

The Indian government provides substantial subsidies to promote the adoption of solar energy under the Ministry of New and Renewable Energy (MNRE). The subsidy amount varies depending on the state and the system size:

Segment	Solar Project Size	Subsidy
Individual house	1-2 kW	₹30,000/- to ₹60,000/-
Individual house	2-3 kW	₹60,000 /- to ₹ 78,000/-
Individual house	Above 3kW	₹78,000/-
Group Housing Societies / Residential Welfare Associations	-	Rs. 18,000/kw

Benefits of Installing a 3 kW Solar Panel System

• Reduced Electricity Bills: A 3 kW system can generate sufficient electricity to meet daily needs, reducing dependency on grid power.
• Eco-Friendly: Solar power reduces carbon footprints, contributing to a cleaner environment.
• Return on Investment (ROI): With government subsidies and reduced energy bills, the payback period for a 3 kW solar system is typically 3-5 years.
• Net Metering: On-grid systems allow you to sell excess electricity back to the grid, further lowering costs.

Factors to Consider Before Installation

• Space Requirements: A 3 kW system requires about 290-320 square feet of shadow-free area for installation.
• Quality of Components: Ensure the use of high-quality panels, inverters, and other components for durability and efficiency.
• Installation Partner: Choose a certified installer to ensure proper system setup and subsidy claims.

Steps to Get Started:

• Assess Your Energy Needs: Determine your daily energy consumption to size the system appropriately.
• Evaluate Roof Condition: Ensure your roof is in good condition and has adequate sun exposure.
• Get Quotes: Contact well known and well organized solar companies for quotes and system designs.
• Explore Financing Options: Look into loans, leases, and power purchase agreements (PPAs).
• Apply for Subsidies: Check for government incentives, rebates, and tax credits available for solar installations.
• Schedule Installation: Plan for the installation process and set up a maintenance plan to ensure the system's efficiency.

Conclusion

Installing a 3 kW solar panel system in India is a smart investment, especially with the availability of government subsidies that make it more affordable. It not only reduces electricity costs but also supports the country’s transition to renewable energy. By opting for solar energy, you contribute to a sustainable future while enjoying long-term financial benefits.
If you’re considering a solar panel installation, consult TRUWATT SOLAR to get a detailed quote and guidance on availing subsidies.