Apart from providing warmth and light, the sun serves as an extraordinary energy source. Photovoltaic technology transforms sunlight into electricity through the photovoltaic effect. The adoption of solar power systems, both commercially and domestically, is gaining momentum, aided by government incentives, particularly targeting residential customers. In Punjab, the cost of solar systems for residential properties is highly advantageous and budget-friendly thanks to the streamlined rooftop subsidy scheme.
Solar photovoltaic plants can be installed on rooftops or open spaces of individual residences, commercial establishments, educational institutions, and residential communities. Schools, hospitals, warehouses, cold storage facilities, government buildings, farmhouses, and large industries stand to benefit significantly from harnessing solar energy.
If your sanctioned load exceeds 1.25 kW, solar energy proves to be a more economically viable energy source compared to traditional alternatives. Savings on monthly electricity bills can recoup the initial investment in a solar system in Punjab within just 6-8 years. Furthermore, solar systems ensure a dependable supply of free electricity for a total of 25 years.
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Subsidies for Solar Panel Systems in Punjab
Residents in Punjab can reduce the cost of solar panels for their homes and decrease electricity expenses through the solar panel subsidy program. By participating in the Rooftop Solar Programme Phase II scheme, you qualify for Central Financial Assistance (CFA)/Solar Subsidy Support, which provides a fixed amount for each kilowatt of your system’s size. This initiative exclusively serves residential consumers and housing societies.
| Rooftop Solar System Capacity | Applicable Subsidy (₹) |
| Up to 3 kW | 18,000/kW |
| Above 3 kW and up to 10 kW | 9,000/kW* |
| Above 10 kW | 1,17,000** |
| Resident Welfare Associations (RWA) / Group Housing Societies (GHS) | Rs. 9,000/- per kW For common facilities up to 500 kWp @ 10 kWp per house, with the upper limit being inclusive of individual rooftop plants already installed by individual residents in that GHS/RWA at the time of installation of RTS for common activity. |
Solar System Pricing in Punjab
Curious about the cost of solar panel systems in Punjab post-subsidy? The safest approach is to reach out to an established solar provider for a personalized quote. They will assess your home’s requirements and advise on the ideal capacity for your rooftop solar (RTS) system, along with providing guidance on pricing for 1 kW to 10 kW solar systems in Punjab. Prices may fluctuate based on your property’s technical and financial attributes as well as your annual electricity consumption.
Below is an overview of the price range for 1 kW to 10 kW solar panels in Punjab. It’s important to note that several factors influence your solar investment, including the type, size, and quality of solar panels, the chosen solar system configuration, and the design of the module mounting structure.
| Solar System Size | Price Range (Estimated) |
| 1kW Solar System | Rs. 75,000 – 85,000 |
| 2kW Solar System | Rs. 1,50,000 – 1,70,000 |
| 3kW Solar System | Rs. 1,89,000 – 2,15,000 |
| 4kW Solar System | Rs. 2,52,000 – 2,85,600 |
| 5kW Solar System | Rs. 3,15,000 – 3,57,000 |
| 10kW Solar System | Rs. 5,31,000 – 6,07,000 |
Solar System Pricing in Punjab with Subsidy
What is the cost of a 2 kW solar system in Punjab after applying the subsidy? The Punjab State Power Corporation Limited (PSPCL) offers subsidy assistance for grid-connected rooftop solar systems ranging from 1 kW to 10 kW or higher. This subsidy initiative is expected to reduce solar panel expenses for residential consumers in Punjab.
The Central Financial Assistance (CFA) or subsidy for rooftop PV solar systems is determined based on the system’s capacity, with a fixed rate per kilowatt specified for various capacity ranges.
Public sector undertakings (PSUs) and other government entities are not eligible for solar subsidies in Punjab. However, CFA is accessible to all residential and institutional structures. Please refer to the table below to ascertain the subsidy amount available for solar installations in Punjab.
| Solar System Size | Estimated Price Range | Subsidy Applicable | Prices After Subsidy |
| 1kW Solar System | Rs. 75,000 – Rs. 85,000 | Rs. 18,000 | Rs. 57,000 – Rs. 67,000 |
| 2kW Solar System | Rs. 1,50,000 – Rs. 1,70,000 | Rs. 18,000 x 2 = Rs. 36,000 | Rs. 1,14,000 – Rs. 1,34,000 |
| 3kW Solar System | Rs. 1,89,000 – Rs. 2,15,000 | Rs. 18,000 x 3 = Rs. 54,000 | Rs. 1,35,000 – Rs. 1,61,000 |
| 4kW Solar System | Rs. 2,52,000 – Rs. 2,85,600 | Rs. 18,000 x 3 + Rs. 9,000 x 1 = 63,000 | Rs. 1,89,000 – Rs. 2,22,600 |
| 5kW Solar System | Rs. 3,15,000 – Rs. 3,57,000 | Rs. 18,000 x 3 + Rs. 9,000 x 2 = Rs. 72,000 | Rs. 2,43,000 – Rs. 2,85,000 |
| 10kW Solar System | Rs. 5,31,000 – Rs. 6,07,000 | Rs. 1,17,000 | Rs. 4,14,000 – Rs. 4,90,000 |
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Guidelines for Subsidy Application in Punjab
The process of applying for solar panel subsidies in Punjab, as well as across India, has been streamlined with the introduction of the National Portal for Rooftop Solar. This online platform not only enhances efficiency and transparency but also empowers consumers to easily access subsidy benefits. By logging into your account, you can submit your subsidy application, track its progress, upload all required documents, and receive the approved amount directly into your bank account.
Uncertain about your eligibility for subsidy on your 4 kW solar system price in Punjab or a larger system capacity? Ensure that you understand the eligibility criteria and purchase solar components manufactured in India. Visit the online portal to familiarize yourself with the qualifying criteria, locate registered solar vendors in your vicinity, and access the list of Approved Models & Manufacturers of BIS-compliant Solar Photovoltaic Modules.
Advantages of Solar Panel Subsidy in Punjab
Incorporating a solar panel system into your residence enables you to leverage the perks of solar panel subsidies in Punjab:
- Reduced electricity expenses: With abundant sunlight available in most states and the use of high-efficiency solar panels, you can expect consistent energy production over the system’s guaranteed 25-year lifespan. Solar power represents a one-time investment that ensures decades of affordable electricity supply.
- Substantial reduction or elimination of monthly grid reliance: By harnessing solar energy, your system can generate more electricity than your home’s daily needs during peak sunlight hours. Excess energy is fed back into the local grid, earning you solar credits. These savings can surpass the initial cost of your home solar panel system in Punjab within just 6-8 years, providing remarkable returns throughout the system’s operational life.
Procedure for Installing Solar System in Punjab
Step 1 – Registration: Begin by registering on the National Portal for Rooftop Solar to initiate your application for solar system subsidy in Punjab. This online platform enables you to track the progress of your subsidy application, from submission to approval, and manage the payout procedure. Additionally, the Ministry plans to establish individual portals for various regional DISCOMs, all linked to the main portal.
Step 2 – Submission of Required Documents: As per the updated process, individuals seeking to purchase residential solar systems must initiate an application on the national portal. Alongside providing bank account details for subsidy disbursement, ensure you furnish all necessary information and documentation related to the proposed rooftop solar plant (RTS) installation.
Step 3 – Technical Feasibility Approval: Once your application is complete, it will be forwarded to the local DISCOM, with application progress monitored via the DISCOM portal. Upon assessing the technical feasibility of your rooftop solar installation, approval is typically granted within 15 working days.
Step 4 – Vendor Selection: Once approval is obtained, your chosen vendor can proceed with the rooftop solar panel installation. Ensure the selected solar energy firm is empanelled and registered with your local DISCOM, and that the solar modules meet DCR criteria and are listed on the MNRE’s Approved List of Models and Manufacturers (ALMM). Similarly, verify that your solar inverter carries J3IS certification.
Step 5 – Net Metering Application: Following completion of solar installation, apply for net metering using the same national portal. The respective local DISCOM will manage net metering arrangements, with either the recipient or the DISCOM responsible for procuring the net meter. All announcements regarding the process will be communicated via the portal.
Step 6 – Approval: Access the commissioning and inspection report generated by the designated DISCOM officer on both the DISCOM and national portals. A positive report, known as the commissioning certificate, confirms your eligibility to receive the subsidy amount for solar panels in Punjab.
Step 7 – Subsidy/CFA Claim Request: Upon receipt of the commissioning certificate, provide your bank details on the portal and submit your request for subsidy/CFA claim transfer online. The final subsidy/CFA amount is directly transferred into the beneficiary’s bank account within 30 days of approval.
Applying for a Net Meter in Punjab
To apply for a net meter in Punjab, visit the website of PEDA, the Punjab Energy Development Agency. Navigate to the “Net Meter” section, which will redirect you to the application page. Complete the form provided on this page, and upon submission, you will receive an application number and password from PEDA. Next, submit your documents for verification. Upon approval of your application, the net metering system will be installed, enabling monitoring and regulation of your home solar system.
Conclusion
India’s transition to clean energy hinges on financial backing for the renewable energy sector, suggesting the likelihood of continued subsidy programs for residential properties in the foreseeable future.
While the adoption of rooftop solar systems in residential areas has been slow, this can be attributed in part to limited awareness about solar electricity and available subsidies. However, this situation is expected to improve as state governments refine the subsidy distribution process.
Currently, solar systems with subsidies in Punjab offer an attractive solution. At Synergy Solar, we boast extensive experience in installing stylish and highly durable grid-connected rooftop solar solutions tailored to individual customer needs. We encourage you to schedule a consultation with us promptly if you require assistance determining the subsidized price of solar panels for your home in Punjab.
Frequently Asked Questions
1.How do I qualify for a solar subsidy in Punjab?
The Ministry of New and Renewable Energy (MNRE) has streamlined the rooftop solar system subsidy scheme in Punjab with the introduction of the National Portal for Rooftop Solar. Homeowners looking to adopt solar energy can choose a system that best meets their energy requirements and then begin the subsidy application process online. Installation should only proceed after obtaining approval for technical feasibility.
2.What is the cost of a solar system in Punjab?
To ascertain the solar system price in Punjab, it’s essential to factor in the type of solar installation and the quantity of solar panels required for your rooftop solar PV system. Engaging in a conversation about your solar requirements with an experienced local solar installer, such as Synergy Solar, is a straightforward approach to determining the cost of solar panels for your residence.
3.How long does it typically take for the subsidy to be disbursed?
Assuming your online application has been approved, you should anticipate receiving the subsidy amount in your account within 30 days from the date of solar system installation.
4.What is the subsidized price of a 5kW solar system in Punjab, and what are its applicable locations?
The subsidized cost of an on-grid 5kW solar system in Punjab ranges from approximately 2 lakhs to 3 lakhs. Suitable for residential properties spanning two to three floors, as well as schools and hospitals requiring continuous power for heavy appliances, a 5kW off-grid solar system can substantially reduce monthly utility expenses. Such a system can effectively power a load of up to 4,000 watts.
5.What essential support does an approved solar vendor offer?
To qualify for solar subsidy assistance, it’s necessary for the beneficiary to engage an approved solar vendor for installation. The vendor is responsible for conducting an initial site survey and evaluating technical and financial aspects. This evaluation is crucial in determining the appropriate system type, size, and configuration for your residence.
Additionally, the accredited vendor oversees the entire installation procedure, including acquiring permits and aiding DISCOM officials in integrating the net meter. Following installation, the vendor is obliged to maintain the system for a minimum of five years.