solar is too costly. i saw 325W Canadian panels going for 10k on a site. For 6 panels cart was showing additional discount of 15% or something. This is just panel cost of ~60K. I still have overhead costs of buying suitable solar mains inverter, cables, pipes, etc and installing them. Total would be like you said around 1.4L not counting govt subsidy.
My electric bill, is 1.1K per month. Thats just 12k-14k per year. Even with such high electric tariffs, the roi for me is more than 10 years. This is more than the 4 years that solar companies advertise on their websites. Totally not a viable investment. I don't think MSEDC buys solar electricity so no reason i should get ongrid system. On the contrary they will steal from me to supplement their power and i won't see any money from msedc or from govt.