Subsidy for solar energy in india

What is solar subsidy scheme in India?

Under the scheme, households will be provided with a subsidy to install solar panels on their roofs. The subsidy will cover up to 40% of the cost of the solar panels. The scheme is expected to benefit 1 crore households across India. It is estimated that the scheme will save the government Rs. 75,000 crore per year in electricity costs.

How to get solar power subsidy under PM Surya Ghar muft Bijli Yojana?

A DISCOM official will inspect the installed solar power system to ensure it meets the required standards. After successful inspection and net metering setup, you will be eligible for the subsidy under the PM Surya Ghar Muft Bijli Yojana. The subsidy amount will be credited to your bank account linked to the application.

How to avail subsidy under pm solar Yojana?

Here's an overview of the process of availing subsidy under the PM Solar Yojana: Visit the official website of the PM Surya Ghar Muft Bijli Yojana. Create an account and register using your personal details, including your name, address, and contact information.

What is Modi's solar subsidy scheme?

The scheme was launched by Prime Minister Narendra Modi on February 15, 2024. Under the scheme, households will be provided with a subsidy to install solar panels on their roofs. The subsidy will cover up to 40% of the cost of the solar panels. The scheme is expected to benefit 1 crore households across India.

What is solar subsidy scheme & how does it work?

This ambitious scheme empowers households to harness solar energy by offering a substantial subsidy covering up to 40% of the cost of installing solar panels on their rooftops. By enabling widespread adoption of solar power, the scheme is poised to benefit 1 crore households across the country.

How to get subsidy for rooftop solar system in 2024?

Prime Minister had launched the scheme on February 13, 2024. Scheme provides a central financial assistance of 30,000 subsidy for 1 kW system, 60,000 for 2 kW systems and 78,000 for 3 kW systems or higher. Households will be able to apply for subsidy through national portal and can select suitable vendor for installing rooftop solar.