At a time when energy prices are rising as fast as summer, you can find an affordable and environmentally friendly alternative to solar power: 3 kW solar systems. If you are a homeowner looking to reduce electricity costs or an organization looking to go green in the way it conducts business, solar panels are a must-have.

This blog will examine the cost and incentives of 3 kW solar panels in India and how switching to solar power can work for your company. Let’s take a look at the costs and specifics of subsidies. Let’s talk about it.

1. What is a 3kW Solar System?

A solar panel system with 3kW is an ideal choice for homes with small spaces that use only a small amount of energy. It includes the solar panel, inverter, and additional components that are essential, such as mounting structure, wiring and batteries (if the system is an off-grid or hybrid system).

A typical 3kW solar panel can produce around 12-15 units of power every day, dependent upon the sun’s exposure and where it is that is around 360-450 units per year. It can drastically reduce or eliminate monthly bills for electricity based on the amount of electricity you use at home. If solar panels create excess power, the energy could be returned to the grid. You also receive a payment for electricity returned.

2. Components of a 3kW Solar Panels

Above we learned about 3kw solar panels, and we will learn about the components used in them. The major components that make up a 3kw solar system are as follows:

1. Solar Panels: Photovoltaic (PV) panels that capture sunlight and convert it into electricity.
2. Solar Inverter: Converts the direct current (DC) from the solar panels into alternating current (AC) that can be used by household appliances.
3. Mounting Structure: Holds the solar panels in place on the roof.
4. Cables and Wiring: Connects the solar panels to the inverter and the home’s electrical system.
5. Battery (optional): For hybrid and off-grid systems, stores excess energy for use during cloudy days or at night.
6. Monitoring System: Allows you to track energy generation and consumption.

3. Types of 3kW Solar Systems

If you want to know the price of solar panels in India, you must first know about the types of 3kw solar panels because the 3kw solar panel price depends on their type and the components used in it.

1. On-Grid Solar System: Connected to the main power grid. Excess energy can be fed into the grid, and you can get credit through net metering.
2. Off-Grid Solar System: Not connected to the grid. It requires batteries to store excess energy and is suitable for areas with unreliable power supply.
3. Hybrid Solar System: Combines both on-grid and off-grid systems, with the added advantage of battery storage.

Price of a 3kW Solar Panels price in India (Before Subsidy)

The cost of a 3kW solar system in India depends on the type of solar panels and the quality of the components used. Here’s a rough breakdown of the cost:

These prices are indicative and can vary based on factors like the brand of solar panels, and inverters, the installation company, and your location. 

Solar Subsidy in India: What You Need to Know

To encourage the adoption of solar power To encourage solar power, the Indian government provides subsidies by way of the Ministry of New and Renewable Energy (MNRE) in the Grid Connected Rooftop Solar Programme (Phase II). The subsidies will significantly lower the cost of installing solar panels.

1. How Much Subsidy Can You Get?

Residential consumers can benefit from the government offering a subsidy that can be as high as 60% on systems that are with a maximum of 3kW. In larger systems, the subsidy reduces slowly and homeowners with an appliance of 3kW can profit fully from the subsidy of 40.

Final Price of a 3kW Solar System After Subsidy(2024)

The CFA calculations in the table below give an estimate of what to expect when it comes to solar panel price in India with subsidy. Now, let’s calculate the final cost of a 3kW solar system after applying the subsidy.

These subsidies are primarily available to install solar panels in homes and neighbourhoods. homes. Any person who would like to put in solar panels on their property should visit Starfield Renewables Pvt Ltd website. Subsidy applications can be submitted application online, and follow the progress of the application from the comfort at house. This substantial reduction in cost allows solar energy to be much more affordable and available to people living in India.

2. How to Apply for the Subsidy?

To avail of the subsidy, you need to follow these steps:

1. Select an Empanelled Installer: The government has a list of empanelled installers who are authorized to install solar systems and help you avail of the subsidy.
2. Get a Quote: The installer will provide a quote and help you with the paperwork required to apply for the subsidy.
3. Installation and Inspection: Once the system is installed, the local electricity distribution company (DISCOM) will inspect the system.
4. Subsidy Disbursement: The subsidy amount will be directly transferred to your bank account after approval from the DISCOM.

Benefits of Installing a 3kW Solar System

Installing a solar system provides several advantages, both financial and environmental:

1. Cost savings: Solar power can help reduce the cost of electricity by using net metering, you may even earn credits through the feeding of surplus energy to the grid.
2. Energy Independence Solar: When you install the solar power system, specifically one that is off-grid or hybrid it is less dependent on the main grid which reduces the risk of interruptions in power.

Renewable and Sustainable Solar power is a sustainable power source, which reduces the carbon footprint of your home and also helps to combat the effects of climate change.

3. Enhance Property Value: Properties equipped with solar systems typically are more valuable for resale.
4. Government-sponsored incentives: Using the incentives available that are available, the initial investment into solar power is more manageable.

Factors Affecting the Performance of a 3kW Solar System

• Location: Areas with more sunlight will generate more electricity.
• Orientation and Tilt of Panels: Solar panels should be properly oriented and tilted to capture maximum sunlight.
• Shading: Ensure there are no obstructions like trees or buildings blocking sunlight from reaching the panels.
• Maintenance: Regular cleaning and maintenance will ensure optimal performance.

Is a 3kW Solar System Right for You?

A solar panel with 3kW is perfect for small- to medium-sized homes that have an average monthly power consumption between 300-450 units. Before you make a choice, it is important to:

1. Analyze your energy consumption to determine if a 3kW system will meet your needs.

2. Consider the available roof space—typically, a 3kW system requires around 300-400 square feet of roof space. 

3. Calculate the return on investment (ROI) based on your current electricity tariff and the expected savings.

Maintenance and Long-Term Considerations

Solar panels are low-maintenance because it’s an investment that is one-time. Solar panels can be considered to last for an extended time or a lifetime. Many solar panels are covered by warranties lasting about 25 years. So, you’ll be able to rest easy knowing that your investment will be secure in the long run. It is necessary to wash them to get rid of dust and dirt regularly, but that’s all of the extent of it. Check your system at least every couple of years for optimal performance. Also, you can clean your panels using the help of a sponge or cloth and avoid using harmful chemicals.

Conclusion: 3KW Solar Panel System

A 3-kW solar array located in India is an intelligent and sustainable investment. It can help you save money on your electricity costs, offer security for your energy, and reduce your environmental footprint. Thanks to government subsidies that have reduced the initial cost, it has decreased for domestic consumers. If you choose to go solar, it is financially beneficial as well as contributing to a more green and sustainable tomorrow.