Kerala is one of the most densely populated regions in the country. But, this small state located on India’s southwest coast also houses the world’s first solar-powered airport!
Equipped with a 12 MW solar plant, the Cochin International Airport uses 46,000 solar panels to meet its entire electricity needs!
But, is it worth installing a rooftop or ground-mounted solar plant in the state? Let’s answer that question by understanding the potential of solar in the state of Kerala.
Central Financial Assistance
Apart from the state subsidy, consumers can also avail the incentive launched by the central government. In 2022, the Indian government announced the Central Financial Assistance (CFA) that can be claimed from the unified National Portal for Rooftop Solar.
The subsidy is available to all residential consumers opting for on-grid and hybrid (without battery) solar power systems. However, consumers can only use Made in India and ALMM approved solar panels for the system.
The details of the subsidy are as follows:
| Plant Capacity | Subsidy |
|---|---|
| Up to 2kWp | ₹30,000/ kW |
| 3kWp | ₹78,000 |
| Over 3kWp Capacity | ₹78,000 (fixed) |
Solar Potential
According to the latest reports, Kerala’s power consumption crossed the 100 Million units in a day mark for the first time in April 2023! As this consumption will continue to rise as the temperature soars.
In this scenario, the potential of harnessing easily available resources like solar energy shoots up! Fortunately, the state receives abundant sunlight which significantly boosts the solar potential.
Currently, Kerala’s installed solar capacity stands at 723 MW. Also, due to limited space availability, it is harder to build large solar grids in the area. This is why, the state government has started promoting rooftop solar through policy changes and initiatives.
Policy to Promote Rooftop Solar
Kerala’s state electrical board announced a new solar subsidy program for residential consumers. People can get up to a 40% subsidy on rooftop solar panels under this program, and you will always earn at least twice the return on your investment.
Soura KSEB Solar Subsidy Panel Model 2 – Normal Subsidy model
This option is available to consumers who wish to install the plant for the full cost, minus the subsidy. The consumer will be able to use all of the electricity produced by the solar plant.
Based on the capacity of your solar plant, you can claim up to 40% of the plant cost as a subsidy.
| Plant Capacity (kWp) | Subsidy (% of Cost*) |
|---|---|
| Up to 3kWp | 40% |
| 4 to 10kWp | 40% for first 3kWp 20% for each additional kWp |
| Above 10kWP | 26% for 10kWp Nil for rest |
(*Maximum Cost of the plant as per notification of Ministry of New and Renewable Energy is 54,000/- per kWp.)
How Can We Help?
If you are looking to install solar at your home, Ojas is the fastest and most reliable option. With just 4 hours of your time, 3 tools, and 2 people installation team, we will give you a solution that will generate free electricity for more than 25 years!
Ornate Solar is India’s leading solar company with 8 years of experience. By partnering with the best-in-class global solar brands, we bring the most reputed solar panels, inverters, and solar accessories to you and make your shift to solar cost-effective and easy.
We have also developed India’s first Integrated InRoof system- which turns solar panels into the roof and eliminates the need for sheet roofing.
We deliver across India.
For more information, please give us a call at 011 4353 6666.
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