Different states in India have different policies and subsidies for solar panels. Some states, such as Andhra Pradesh, Gujarat, and Tamil Nadu, have established policies to encourage the use of solar energy and provide subsidies for solar panel installation. Other states, such as Maharashtra and Rajasthan, also have policies to promote the use of solar energy but the subsidies and incentives may vary. It is best to check with the state renewable energy department or the Ministry of New and Renewable Energy (MNRE) for specific information on solar panel subsidies in your state. Going solar in the state of Karnataka can lead to significant savings on electricity bills. Here are a few key points to consider when assessing the potential savings from going solar in Karnataka:
Net metering: Karnataka has implemented net metering, which means that households with solar panels can sell excess energy back to the grid, effectively reducing their electricity bills.
Government subsidies: The state government provides subsidies for solar panel installation, which can further reduce the cost of going solar.
Tax benefits: The government also offers various tax benefits for solar panel installation, such as income tax exemptions and accelerated depreciation.
Reduced dependence on grid electricity: By generating your own electricity through solar panels, you can significantly reduce your dependence on grid electricity, resulting in lower bills.
Long-term savings: Investing in solar panels can lead to long-term savings on electricity bills, as the cost of solar energy continues to decrease.
It is always recommended to consult with a solar panel installation professional to determine the specific savings that can be achieved in your situation. Additionally, the savings from going solar will also depend on the size of the solar panel system, the location and orientation of the solar panels, and other factors.
The Union Ministry of New and Renewable Energy (MNRE) has allocated 10 megawatt capacity to Bescom. “Under this scheme, MNRE is providing a 40% subsidy for the first 3 kW and a 20% subsidy beyond 3 kW and up to 10 kW. The scheme is being implemented in the States by local Electricity Distribution Companies (DISCOMs).
How much money does going solar save?
The money that your solar system saves will depend on its capacity. Why – you ask us? Well, the number of units a system generates depends on the capacity of the system.
Here’s a breakdown of the average number of units a solar system generates.
Capacity of the solar system | Average units generated daily | Average units generated yearly |
1 KW | 4 | 1440 |
2 KW | 8 | 2880 |
3 KW | 12 | 4320 |
4 KW | 16 | 5760 |
5 KW | 20 | 7200 |
Per se, the electricity tariff per unit in your area is ₹10. Here’s what the yearly savings will look like:
Capacity of the solar system | Electricity tariff per unit | Average units generated yearly | Approx. yearly savings |
1 KW | ₹10 | 1440 | ₹14,000 |
2 KW | ₹10 | 2880 | ₹28,000 |
3 KW | ₹10 | 4320 | ₹43,000 |
4 KW | ₹10 | 5760 | ₹57,000 |
5 KW | ₹10 | 7200 | ₹72,000 |
You can edit text on your website by double clicking on a text box on your website. Alternatively, when you select a text box a settings menu will appear. your website by double clicking on a text box on your website. Alternatively, when you select a text box.