Solar panel costs have dropped significantly, making solar energy more affordable than ever. Homeowners can now recover their initial investment in just 4-6 years while potentially eliminating their electricity bills entirely. This transition is further supported by substantial government incentives, including a central government subsidy of ₹78,000 under the PM Surya Ghar Scheme.
The PM Surya Ghar scheme offers tiered subsidies based on solar system capacity. For systems up to 2kW, the government covers 60% of the total cost, while the additional capacity from 2kW to 3kW receives a 40% subsidy. This means a subsidy of ₹30,000 for a 1kW system, ₹60,000 for a 2kW system, and ₹78,000 for a 3kW system or higher.
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