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31 DEC, 2024

Expert Guide on Solar Panel Installation Cost, Subsidy & Benefits

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Solar energy is revolutionizing the way India powers its homes and businesses. By harnessing the sun's abundant energy, households can reduce their electricity bills, contribute to a sustainable environment, and gain energy independence. Among the leading providers of solar solutions in India is Onix Renewable, known for its high-quality and efficient solar panels. This guide will help you understand the costs, subsidies, and benefits of installing Onix Renewable solar panels in your home or business.

Why Choose Onix Renewable Solar Panels?

Onix Renewable offers a range of advanced solar panel solutions tailored to meet diverse energy needs. Here are some compelling reasons to choose Onix Renewable:

1. High Efficiency

Our solar panels are designed with advanced technology to maximize energy production even under low sunlight conditions.

2. Durable and Long-lasting

Built with high-grade materials, Onix Renewable panels are resistant to extreme weather conditions, ensuring reliability and longevity.

3. Environmentally Friendly

By choosing Onix Renewable, you’re actively reducing your carbon footprint.

4. Affordable Pricing

Competitive pricing combined with government subsidies makes our solar panels accessible to all.

5. Comprehensive Support

From consultation to installation and maintenance, Onix Renewable provides end-to-end support for a seamless experience.

Understanding Solar Panel Installation Costs with Onix Renewable

Installing solar panels requires an upfront investment, but the long-term savings and benefits far outweigh the initial costs. Here’s a breakdown of the factors affecting the cost:

1. System Size

The size of the system depends on your energy requirements. Larger systems, while more expensive initially, generate more electricity and save more over time.

2. Type of Panels

Onix Renewable offers monocrystalline and polycrystalline panels, each with varying efficiency levels and costs.

3. Location

Installation costs vary based on location due to factors like transportation and labor availability.

4. Additional Components

Inverters, mounting structures, and wiring add to the overall cost but are essential for a functional solar system.

5. Installation

Professional installation by Onix Renewable ensures optimal performance, contributing to a one-time cost that provides long-term benefits.

Average Cost Estimates for Onix Renewable Solar Panels

2 kW System: ₹80,000 - ₹1,20,000
3 kW System: ₹1,20,000 - ₹1,80,000
5 kW System: ₹1,50,000 - ₹2,50,000
10 kW System: ₹3,00,000 - ₹5,00,000

These estimates include equipment, installation, and initial setup, making Onix Renewable solar panels a smart investment.

Government Subsidies for Solar Panels

India’s government offers several subsidies and incentives to encourage solar energy adoption. By choosing Onix Renewable, you can take full advantage of these programs:

1. PM Surya Ghar Muft Bijli Yojana

This scheme provides free electricity to underprivileged households by subsidizing the installation of solar panels. Onix Renewable panels are eligible for this program, making it easier for low-income families to transition to solar energy.

2. Grid-Connected Rooftop Solar Programme

Under this program, homeowners can receive subsidies for installing rooftop solar systems connected to the grid. The subsidy covers up to 30-40% of the installation cost, significantly reducing the financial burden.

3. Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM)

Designed for farmers, this scheme supports solar installations for irrigation pumps and small grid-connected solar projects. Onix Renewable offers tailored solutions for farmers looking to benefit from PM-KUSUM.

4. Production Linked Incentive (PLI)

The PLI scheme encourages the domestic manufacturing of solar modules. By supporting local production, Onix Renewable ensures its panels qualify for the incentives, passing the benefits on to customers.

5. Delhi Solar Energy Policy 2023

Under this policy, Delhi residents can access subsidies and incentives for rooftop solar installations, including net metering benefits and capital cost reductions. Onix Renewable panels are perfectly suited for these initiatives, ensuring Delhiites can transition to solar energy affordably.

Benefits of Installing Onix Renewable Solar Panels

1. Financial Benefits

Lower Electricity Bills

Generate your own power and reduce dependence on grid electricity, leading to significant savings.

Attractive ROI

Solar panels typically pay for themselves in 5-7 years, after which you enjoy free electricity.

Property Value Boost

Homes with solar installations are more attractive to buyers, increasing resale value.

2. Environmental Benefits

Reduce Carbon Footprint

Solar energy is clean and renewable, helping to combat climate change.

Support India’s Renewable Goals

By choosing solar, you contribute to India’s ambitious renewable energy targets.

3. Energy Independence

Reliable Power Supply

Onix Renewable panels provide consistent energy, reducing dependence on the grid and protecting against outages.

Off-Grid Solutions

Perfect for rural and remote areas where grid access is limited.

4. Comprehensive Support

Onix Renewable offers expert guidance, from system design and subsidy applications to installation and maintenance, ensuring a hassle-free experience.

How to Install Onix Renewable Solar Panels

1. Assess Your Needs

Calculate your energy consumption.
Identify available roof space and sunlight exposure.

2. Consult Onix Renewable Experts

Our team provides personalized recommendations based on your energy needs and budget.

3. Choose the Right System

Select the optimal panel type and system size.
Take advantage of government subsidies to reduce costs.

4. Installation

Professional installation ensures maximum efficiency and safety.
Our team handles all technical aspects, including system setup and net metering.

5. Post-Installation Support

Onix Renewable offers ongoing maintenance to keep your system running efficiently.

Why Now is the Best Time to Choose Onix Renewable

With decreasing solar panel costs, attractive government subsidies, and Onix Renewable’s unmatched quality and service, there has never been a better time to make the switch. Solar energy is the future, and by choosing Onix Renewable, you’re investing in a sustainable and economically viable solution for your energy needs.

Conclusion

Onix Renewable solar panels offer an affordable, efficient, and eco-friendly way to power your home or business. By taking advantage of government subsidies and incentives, you can significantly reduce installation costs and enjoy long-term savings. Join the growing community of Indians embracing solar energy and make the switch today with Onix Renewable—your trusted partner in sustainable energy.