Skip to main content

Solar Rooftop Domestic Subsidy in India...

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 (RTS).

The programme will be implemented by DISCOMs and respective state agencies. The best part about the CFA is that it offers Direct Benefit Transfer (DBT), i.e. consumers will directly receive the incentive in their bank accounts.

Who is the CFA for?

Currently, CFA is available to domestic consumers with a grid-connected solar power plant. Moreover, group housing societies and RWAs of solar capacities up to 500kW can also avail the incentive.

MNRE has set certain stipulations that have to be met to avail the subsidy, which we will discuss in the coming sections. First, let’s break down the subsidy amount.

How much is the Solar Subsidy in India?

With the introduction of the CFA, subsidy calculations have been largely simplified. Also, the incentive amount is equal for consumers from all states, except the northeastern states and certain union territories.

The details are as follows:
  • Solar energy systems with a capacity of up to 3 kW are eligible for a subsidy of up to ₹14, 588/ kW.
  • For a system capacity between 3 kW to 10 kW, ₹14,588 /kW is applicable for the first 3kW and ₹7,294/kW for the rest of the capacity.
  • For plant capacities above 10kW, a fixed amount of ₹94822 will be given.
  • For Resident Welfare Associations/Group Housing Societies (RWA/GHS) ₹7294/kW for common facilities up to 500 kWp @ 10 kWp per house.
Up to 3kW3 kWp- 10 kWpAbove 10kWRWA/GHS (Up to 500 kWp)
₹14588/ kW₹7294/kW₹94822 (Fixed)₹7294/kW @ 10 kWp per house

Solar Subsidy for North Eastern/UTs/Hilly States

These prices are applicable across most of countries. However, to promote solar adoption in northeastern states and those with difficult hilly terrains, including Sikkim, Uttarakhand, Himachal Pradesh, UT of Jammu & Kashmir, Ladakh, Lakshadweep, and Andaman & Nicobar Islands, MNRE offers a slightly higher CFA.

The details are as follows:
  • Individual Households with a solar capacity of up to 3 kW: ₹17662/ kW and
  • For Rooftop solar capacity between 3kW to 10Kw: ₹17662/ kW for the first 3kW and ₹8831/kW for the remaining capacity.
  • For plant capacities above 10kW, a fixed amount of ₹ 1,14,803 will be given
  • Resident Welfare Associations/Group Housing Societies (RWA/GHS) – ₹8831/kW for common facilities up to 500 kWp @ 10 kWp per house.

Note: The CFA is calculated based on either the module capacity or the inverter capacity, whichever is lower.

Apart from this, certain Indian states such as Jammu and Kerala also provide their own separate state solar subsidy in addition to the CFA to promote clean energy adoption.

However, as the government moves towards a uniform solar subsidy, there is limited clarity on how long such state-specific incentive schemes will be in place.

Lobel Solar® Digital Profile🌞 www.lobelpower.com

CLICK - https://bit.ly/3cYrUf6 : HotLine 🤙 9998931555

Comments

Popular posts from this blog

Know the difference between Perc, TOPCon and Heterojunction technology (HJT)....

Solar panel manufacturing technology has come a long way over the years & there have been significant advancements recently with the introduction of mono PERC, Topcon and mainly Heterojunction technology (HJT) technology. These new technologies have led to improvements in solar module efficiency, durability and overall high performance so making them a more viable and cost-effective option for solar PV power generation. Colleagues, Let us know each  solar PV module  technology and understand the differences. 👉💥About PERC Technology : PERC stands for Passivated Emitter & Rear Cell. The PERC solar cell has a presence of a passivation layer at the back side of the cell which helps to minimize recombination losses and increase light absorption.  The key role of the rear-side passivation layer is to reflect light that passes through the silicon cell without being absorbed back into the silicon. By reflecting this light, the passivation layer gives the solar cell seco...

Price List of LOBEL Solar POWER Kit ( Except Solar Panel & Inverter )

Our Services Site survey. Customized design solution for solar PV projects. Preliminary design report. 2D & 3D site model. Electrical drawings. MMS design. Shadow analysis report. Detailed project report. Project planner Material procurement support. System integration and commissioning. Operation & maintenance of solar power plants.  TERMS & CONDITIONS: · Price Basis: Ex-stock LOBEL · Tax: As per above Kit table · Fright Charges: Extra as Actual. · Payment Terms: 100 % advance with P.O. · Delivery Period: 3 Days after receipt for PO & Advance

From solar to pump hydro storage - Budget 2024 is for India’s energy transformation.

Lobelsolar -  Energy transition remain a key focus area for the government with solar, nuclear and pump hydro storage getting a policy push with industry experts saying it will provide a major fillip to the capacity addition in the renewables sector. Finance Minister Nirmala Sitharaman said that PM Surya Ghar Muft Bijli Yojana launched in January this year to install rooftop solar plants to enable 1 crore households obtain free electricity up to 300 units every month has received an overwhelming response with more than 1.28 crore registrations and 14 lakh applications. Details showed that the government allocated Rs 8,500.35 crore to solar power (grid), showing a rise of nearly 79% against the revised estimates of the Budget 2023-2024. With an objective to further boost the renewable sector, the government in Union Budget 2024 allocated Rs 19,100 crore to the Ministry of New and Renewable Energy against Rs 12,850 crore allocated in the Interim Budget in February. The revised esti...