Know More About Solar Panel System Price and Subsidy in Delhi (2023)
As we approach 2023, there will be a greater demand than ever for clean, sustainable energy sources, with solar energy leading the way. If you reside in Delhi or own a business there, you might be curious about how much it would cost to install solar panels and what incentives are available in the nation's capital. In this post, we'll look at the most recent statistics on solar panel system pricing and subsidies in Delhi for 2023.
Solar Panel Cost in Delhi
The cost of solar panels in Delhi can vary based on several factors, including the type of solar panels, the size of the system, and the installation complexity. In 2023, the cost of solar panels in Delhi is influenced by the following key factors:
1. Type of Solar Panels
Solar panels come in many different forms, including monocrystalline, polycrystalline, and thin-film panels. Although monocrystalline panels are renowned for being more efficient than polycrystalline ones, they are slightly more costly.
2. System Size
The size of the solar panel system you require plays a significant role in determining the overall cost. Residential systems typically range from 2 kW to 10 kW or more, while commercial and industrial installations can be much larger. The larger the system, the higher the upfront cost.
3. Installation Complexity
The complexity of the installation can also impact the cost. Factors such as roof type, shading, and electrical work required can influence the overall installation cost.
Industry Statistics: As of 2022, the average cost of a residential solar panel system in Delhi ranged from ₹35,000 to ₹50,000 per kilowatt (kW) before incentives.
Subsidy on Solar Panels in Delhi
The government of Delhi, in alignment with national renewable energy goals, offers attractive subsidies to promote the adoption of solar panels in the region. These subsidies aim to make solar power more accessible and affordable for residents and businesses. Here's what you need to know about solar subsidies in Delhi for 2023:
1. National Portal for Rooftop Solar Subsidy
To avail of solar subsidies in Delhi, individuals and businesses can register on the National Portal for Rooftop Solar Subsidy (https://mnre.gov.in/). This portal serves as the central platform for subsidy applications and approvals.
2. Capital Subsidy
Delhi offers a capital subsidy to residential consumers who install solar panels on their rooftops. The subsidy amount can vary, but it often covers up to 30% of the total system cost. This reduction in upfront expenses makes solar power a more attractive investment.
3. Net Metering Benefits
Delhi also has a net metering policy that allows solar panel system owners to feed excess electricity back into the grid. In return, they receive credits on their electricity bills. This net metering arrangement further enhances the financial benefits of going solar.
4. Group Housing Societies and RWAs
Group housing societies and residential welfare associations (RWAs) are encouraged to install solar panels on their rooftops. They can benefit from a higher subsidy of up to 40%, making it more financially feasible for multiple households to invest in solar power.
Industry Statistics: With the existing subsidies and net metering policies, residents and businesses in Delhi can often recover their initial investment in solar panels within 3 to 5 years.
Steps to Avail Solar Subsidy in Delhi
If you're considering installing solar panels and want to benefit from the available subsidies in Delhi, here are the steps you should follow:
1. System Design and Installation
Start by engaging with a reputable solar panel installation company in Delhi. They will assess your energy needs, roof space, and other factors to design the right solar panel system for your requirements.
2. Subsidy Registration
Once your solar panel system design is finalized, you can register for the subsidy on the National Portal for Rooftop Solar Subsidy. Ensure that you provide accurate information and complete the application process.
3. System Installation and Inspection
After receiving approval for the subsidy, proceed with the installation of your solar panel system. Ensure that the installation is carried out by qualified professionals. Post-installation, an inspection may be conducted to verify the system's compliance with standards.
4. Net Meter Installation
If you plan to take advantage of net metering, coordinate with your electricity distribution company (DISCOM) to install a net meter. This meter will track the electricity you generate and feed back into the grid.
5. Enjoy the Benefits
Once your solar panel system is up and running, you can start enjoying reduced electricity bills, environmental benefits, and the financial advantages of net metering.
The Future of Solar Power in Delhi
As the city develops and evolves, solar energy's role in meeting Delhi's energy needs is likely to grow. Because of the government's commitment to renewable energy and the availability of subsidies, solar panels are an appealing investment for clients in both the residential and commercial sectors.
Solar panel purchases not only reduce energy costs but also contribute to a cleaner, more sustainable planet. With the proper system design, installation, and subsidy support, residents and businesses in Delhi may harness the power of the sun and profit financially.
Finally, the year 2023 presents an excellent opportunity to examine Delhi solar panel installations. There has never been a better time to switch to clean and sustainable solar energy, as solar panel costs continue to fall and large incentives are available. By completing these tasks and taking advantage of the offered incentives, you may join the capital city's growing community of financially savvy and environmentally aware solar panel system owners.