Out of pocket cost of a solar pump after central and state subsidy, how the farmer share works, factors that change the number.
3 Answers
Under PM-KUSUM Component B the central and state subsidies together typically cover a large part of the benchmark cost, and the farmer share is commonly in the range of about 30 to 40 percent, though several states top up further and the share can be lower. The benchmark cost itself depends on pump capacity, so a small 3 HP system costs far less than a 7.5 or 10 HP system, and AC versus DC and surface versus submersible also change the price. Because the subsidy is calculated on a fixed benchmark, if you buy a system above the benchmark you pay the full difference yourself. The actual rupee figure varies widely by state and pump size, so I will not quote a single number that could mislead you. The reliable way is to open your state PM-KUSUM portal, look up the benchmark cost for the HP you need, and apply the current farmer share percentage to get your out of pocket figure. Confirm the current subsidy split and the empanelled vendor prices on the state portal, because both change from year to year.
My 5 HP came out to a farmer share that I could manage in one payment. Over diesel cost it pays back, I run my pump for free now in daylight.
Remember the panels need daytime sun, so you irrigate by day. For me that was fine but plan your schedule around it.