10 HP Solar Water Pump Prices & Subsidy
Understanding the Cost of 10 HP Solar Water Pumps
The cost of a 10 HP solar water pump can vary based on several factors, including the brand, quality, and additional features. On average, the price range for a 10 HP solar water pump in India is between INR 4,00,000 to INR 6,00,000. It is important to note that these prices are indicative and may vary depending on the region and the specific requirements of the pump.
Subsidy for 10 HP Solar Water Pumps
The government of India provides subsidies to encourage the adoption of solar water pumps and make them more accessible to farmers. The subsidy amount depends on various factors, including the location, category of the farmer, and state-specific policies. Generally, the subsidy for 10 HP solar water pumps can range from 30% to 70% of the total cost.
To avail of the subsidy, farmers must fulfil specific eligibility criteria and follow the application process outlined by the designated authorities. It is advisable to contact the local agricultural department or renewable energy agency to gather accurate and up-to-date information about the subsidy schemes and application procedures in your region.
10HP Solar Pump Price
| Solar Water Pump | Selling Price | Price/HP |
|
DC Submersible Solar Pump |
Rs.5,90,000 |
Rs.59,000 |
|
AC Submersible Solar Pump |
Rs.5,50,000 |
Rs.55,000 |
|
AC Surface Solar Pump |
Rs.5,30,000 |
Rs.53,000 |
|
DC Surface Solar Pump |
Rs.5,40,000 |
Rs.54,000 |
|
10HP VFD Solar Solution |
Rs.3,87,000 |
Rs.38,700 |
|
Rs.6,70,000 |
Rs.67,000 |
|
|
Rs.4,50,000 |
Rs.45,000 |
Cost Breakdown and Payback Period
To understand the financial implications of investing in a 10 HP solar water pump, let's consider a hypothetical example:
Assuming the total cost of a 10 HP solar water pump is INR 5,00,000 and a subsidy of 40% is applicable, the subsidized amount would be INR 2,00,000. The farmer would need to invest the remaining amount, i.e., INR 3,00,000.
Considering the operational cost savings from using solar energy instead of conventional energy sources, the payback period for a 10 HP solar water pump can range from 3 to 5 years, depending on factors such as sunlight availability, maintenance costs, and the cost of alternative energy sources.
It is important to assess the specific financial implications and benefits of installing a 10 HP solar water pump based on individual circumstances, such as the size of the farm, water requirements, and prevailing electricity rates. Consulting with solar energy experts or financial advisors can provide valuable insights into the financial feasibility and potential return on investment for installing a 10 HP solar water pump.