Solar Rooftop Subsidy & Incentive Scheme in India by 2023. To boost again and expansions the usage of solar energy in the domestic sector, India has a solar subsidy & incentive programmed in place. It reduces the financial burden of installing solar panels, by providing financial assistance to domestic consumers. With this incentive, residential consumers can save 20% for common utilities & 40% individual bungalows of their installation cost. Moreover, individuals from across the country can apply for these grants. But how much is the incentive and how can individuals claim it? Let’s understand it further. Central Financial Assistance (CFA). After successful completion of 1000 MW - 2022 in Gujarat, the Indian government announced that it was implementing the Rooftop Solar Programme Phase II . Under the scheme, the Ministry of New and Renewable Energy (MNRE) will provide CFA to residential consumers for installing Rooftop Solar Systems (R...
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