Understanding Solar Incentives: Tax Benefits and Subsidies for Solar Installations

At Neal Solar, the best solar installation company in Muvattupuzha, we are dedicated to making solar energy accessible and affordable to every family in Kerala. With rising electricity prices and a growing emphasis on clean energy, investing in solar energy has become a wise and sustainable decision. The government offers a range of subsidy programs and incentives to promote the use of solar energy, enabling homeowners to save on installation costs and reap long-term benefits. These initiatives not only make solar more affordable but also help to create a greener and more sustainable environment. This blog will examine the main solar incentives that Kerala offers, including those offered by the state and federal governments, and how they might help you.
Solar Panel Subsidy Kerala
The Kerala State Electricity Board (KSEB) offers the Soura plan, which provides up to a 40% subsidy for rooftop solar installations. By facilitating households’ access to solar electricity, this project seeks to encourage the state’s embrace of renewable energy. By participating in this program, homeowners can greatly reduce the initial cost of installing solar panels, resulting in faster returns on investment and lower electricity costs.
PM Surya Ghar Yojana
The PM Surya Ghar Muft Bijli Yojana, launched by the Indian government, is a statewide project to supply families with free power via rooftop solar panels. Eligible households can get a subsidy of up to 78,000 Rs, according to system capacity. The structure of subsidies is as follows:
₹30,000 per kW for systems up to 2 kW
₹18,000 per kW for additional capacity up to 3 kW
Total subsidy capped at ₹78,000 for systems larger than 3 kW
This scheme is designed to empower households to generate their own electricity, reducing dependence on conventional power sources and lowering electricity costs.
KSEB Solar Rooftop Scheme
In addition to the Soura scheme, KSEB also offers a solar rooftop program that provides financial assistance for installing rooftop solar systems. The subsidy under this scheme varies based on the system capacity and is aimed at encouraging more residents to adopt solar energy solutions. By availing of this subsidy, homeowners can offset a significant portion of the installation cost, making solar energy a viable option for many.
Conclusion
At Neal Solar, we are dedicated to helping you navigate the various solar subsidy schemes, making your transition to clean energy smooth and cost-effective. Our team of expeienced professionals can guide you through the application processes for the Solar Panel Subsidy Kerala, PM Surya Ghar Yojana, and KSE Solar Rooftop Scheme, ensuring you fully utilize the benefits available. By leveraging these incentives, you can significantly reduce installation costs while contributing to a sustainable future. Embracing solar power not only helps lower your electricity bills but also supports environmental conservation and energy independence. Take the first step with Neal Solar, the best solar installation company in Muvattupuzha, and start your journey towards a greener, smarter, and more sustainable energy solution today.