Solar energy has been in the talks for decades and only a handful of businesses and properties have diverted their dependency towards it. Despite providing clean, green, and efficient power output, solar energy has been ignored for years mainly because of the hefty upfront price of installation. However, with the government’s recent initiatives and interest in adopting solar power, things have changed drastically.
Yes. The government’s subsidy for installing solar panels has made positive rounds and has encouraged more people to go solar. These subsidies reduce the initial costs and allow for easy net metering scope. With all being said, a 4kw solar panel system works exceptionally well in catering to the power requirements.
Why go for a 4kW Solar Panel?
Some of the plus points of installing a 4kW solar panel make it a solid choice for households are:
- Comprehensive supply of electricity: Consumers can ensure that they receive around 5760 units of electricity annually with a 4 kW solar system.
- Great for running water pumps: Consumers can make the most of the system by running water pumps of up to 1.5 HP and saving a ton of money on electricity.
- Affordable pricing: The 4kW solar panel price is reasonably cheaper than smaller-sized panels and comes with an assured subsidy of INR 78,000.
Solar Panel 4kW Price
A 4kW solar panel price is decided not just on the components used but on several other factors considered.
Consumers are free to choose panels, mounts, and storage devices as they wish.
Residents can enjoy an average annual savings of approximately INR 40,320 per year. This would ensure the ROI within 5 years of installing the panels.
Usually, the average price of a 4kW solar panel price is INR 244,183, excluding subsidy.
Solar System 4 kW Subsidies
The PM Surya Ghar Muft Bijli Yojana guarantees residents installing solar panels with a maximum of INR 78,000 for any system of over 3 kW in capacity. Therefore, consumers can avail an affordable 4kW solar panel price.
Benefits of 4 kW Solar Panel
Financial and Economic Benefits
Installing a 4kW solar panel assures the buyers of long-term monetary savings. Yes, despite the initial costs for setting up these being a bit higher, a 4kW solar panel price can be recovered within 5 years. What’s more, is that these panels can sustain for over 25 years with minor maintenance and continue to save over 90% of your bill amount. The presence of net metering allows consumers to send extra unused power back to the grid and earn sufficient credits, which would further reduce the electricity bills. So, you are promised adequate financial benefits with the installation of solar panels.
Considering the economy, solar panels have opened up a large market that attracts investors, entrepreneurs, and panel experts. This would help boost job markets and contribute back to the economy. With more residents going solar, the industry is set to see a massive upsurge in the coming years.
Environmental Benefits
Apart from serving the economy and individual power bills, a 4kW solar panel price helps residents participate in the noble race of preserving the ecosystem. With the sun’s rays acting as the main source, solar power is a renowned form of clean and green energy, which does not emit any harmful pollutants. This in the longer picture, could protect from severe carbon-based pollutants which cause serious climatic and ecological problems.
Final Thoughts
To sum it up, the government’s long-term goal of installing 500 GW of renewable energy resources by 2030, the prospect of going solar is the future. The benefits and long-term rewards of going with this renewable energy source have opened up the future of sustainability in the most positive light. In addition, 4 kW solar panel prices including the subsidies, have let crores of Indians apply for this scheme and install the panels in their space.
Contact us here at Freyr Energy and let’s get started with your solar journey today.