Government is giving solar panel subsidy of up to Rs 78,000, know how?

As electricity prices continue to soar, more individuals are exploring solar energy as a viable alternative. Not only can solar panels significantly reduce electricity bills, but they also represent a commitment to environmental sustainability. By harnessing solar power, homeowners can enjoy free electricity for years to come.

Understanding the Costs of Solar Panel Installation

While investing in solar panels can be financially beneficial in the long run, the initial expenses can be daunting. For a 3kW solar panel system, costs can average around Rs 1.80 lakh. Homeowners seeking a hybrid system for round-the-clock energy supply should anticipate higher expenses, with total costs ranging from Rs 1.80 lakh to Rs 5 lakh, depending on the chosen system.

Is Homeownership Necessary for Solar Panel Installation?

Approximately 36.36% of urban residents face monthly electricity bills between Rs 3,000 and Rs 10,000. However, installing solar panels is often feasible only for homeowners since installation contracts are typically tied to property ownership. Renters may need permission from landlords, complicating the process.

Addressing Trust Issues in Solar Energy

Despite the growing popularity of solar panels, many remain skeptical due to a lack of information. Misconceptions and limited knowledge contribute to hesitancy in adopting solar technology. However, an increasing number of users are embracing solar energy to save on electricity costs and combat power outages. For those looking to reduce their energy bills, understanding solar energy is essential.