Subsidy for rooftop solar power generation

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.

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.

Which government agencies offer subsidy schemes for rooftop PV systems?

Both the Central Government as well as State Nodal Agencies (SNAs) offer subsidy schemes to the people for installing rooftop PV systems. Solar energy refers to the energy obtained from the sun which is a renewable form of energy.

How do I apply for a rooftop solar subsidy?

Subsidy Application and Vendor Selection: Households can apply for the subsidy through the National Portal, where they can also select a suitable vendor for installing rooftop solar.

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.

Does India offer a subsidy scheme for rooftop PV systems?

Thus, in order to pose a solution to this problem and to encourage people to exploit renewable energy, the Government of India has launched a subsidy scheme as well as various other incentives. Both the Central Government as well as State Nodal Agencies (SNAs) offer subsidy schemes to the people for installing rooftop PV systems.