Government Subsidies for Solar Panels in India

Government Subsidies for Solar Panels- With the ever-growing global energy demand, coupled with rising environmental concerns, governments worldwide are looking towards the potential of solar energy as a long-term, feasible, and clean solution. This can not only lead to less reliance on fossil fuels pernicious to the climate but also can provide huge long-term economic benefits for single households. The initial cost of installing solar panels, however, is a major discouragement to the majority of residential owners. This is countered by the Government Subsidies for Solar Panels in India and incentives that make solar energy affordable and within reach of the domestic end user.

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Significance of Solar Energy in Domestic Homes

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Solar energy is one of the cleanest and most abundant forms of renewable energy that can be found. Harvesting solar power for household use reduces a house's carbon footprint, and it reduces energy bills, hence increasing energy independence. With the advanced solar technology in place, the generation of electricity from the sun is easy and efficient, making it a viable option for homeowners who would like to reduce their impact on the environment.

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In addition, with Government Subsidies for Solar Panels, the initial investment in Solar panels becomes more affordable and ensures long-term savings and energy independence. Solar Panels require minimum maintenance and have a lifespan of approximately 25-30 years which makes it an efficient and reliable solution for powering homes. 

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Central Government Subsidies for Solar Panels in India

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Governments across the globe offer different forms of subsidies and incentives to boost the use of solar energy in residential homes. Government Subsidies for Solar Panels in India such as PM Surya Ghar Muft Bijli Yojana enhance the usage of solar panels and reduce electricity costs.

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PM Surya Ghar Muft Bijli Yojana

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PM Surya Ghar Muft Bijli Yojana was launched by PM Narendra Modi on 15th Feb 2024. The government provides a subsidy that covers up to 40% of the cost of installing solar panels on the house roofs. Under this scheme, the government provides substantive subsidies directly in the bank accounts and also provides concessional bank loans to reduce the cost so that there will be no cost burden on the people. 

Moreover, PM Surya Ghar Muft Bijli Yojana is beneficial for middle-class and poor households in the way that they can easily save up to Rs. 15,000 to Rs. 60,000 annually on electricity bill savings. 

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Government Subsidy for Rooftop Solar Plants Based on Monthly Electricity Consumption

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Benefits of PM Surya Ghar Muft Bijli Yojana

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Listed below are the several benefits of Government Subsidies for Solar Panels in India (PM Surya Ghar Muft Bijli Yojana):

• Enhance renewable energy usage.
• Reducing carbon emissions.

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Eligibility Criteria

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• The registered household must be a resident of India.
• The house must have a suitable rooftop for solar panel installation.
• A valid residential electricity connection is required for the household.
• The house should not be taking the other subsidy for solar panels.

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Application Process

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Step 1: Visit the official government website PM Surya Ghar Muft Bijli Yojana.

Step 2: Click on the button (Apply for Rooftop Solar) on the home page left side. 

Step 3: Click on registration and fill in all the required details.

Step 4: Fill in your email and mobile number and click the proceed button.

Step 5: Complete the registration form.

Step 6: Wait for approval from the registered authority in your DISCOM.

Step 7: Fill in the plant details and apply for a net meter once the installation is over.

Step 8: You will receive a commissioning certificate online from the official portal.

Step 9: Submit the bank details and a cancelled cheque in the portal to receive your subsidy within 30 days.

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State Government Subsidies for Solar Panels

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Several states also offer government subsidies for solar panels to reduce carbon emissions and energy costs. Different states have different subsidy plans. Listed below are the Government Subsidies for Solar Panels offered by the state governments in India:

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Delhi

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Besides PM Surya Ghar Muft Bijli Yojana, the Delhi government has launched the Delhi Energy Solar Policy. Under this policy, residential consumers can get a subsidy of INR 2,000 per kW for all solar projects, with a maximum limit of INR 10,000 per consumer. 

In addition, commercial, residential, and industrial consumers receive generation-based incentives (GBI). The GBI is provided according to the following table:

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Uttar Pradesh

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The UPNEDA (Uttar Pradesh New and Renewable Energy Development Agency) provides a state subsidy of INR 15,000/kW with a maximum limit of INR 30,000 per customer. This subsidy is a major step towards establishing Uttar Pradesh as a pacemaker in renewable energy. 

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How Zircle Can Help You

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Zircle is India’s best digital marketplace for solar solutions where you can buy solar panels and  is designed to make your journey to solar energy seamless and stress-free. Here's how Zircle stands out:

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Customised Solutions 

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Zircle offers customized solar systems that meet your budget and energy needs. Moreover, our expert consultations simplify your selection process.

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End-to-End Service

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Zircle handles everything from the beginning from selecting top-rated, verified vendors to managing subsidy applications, permits, delivery, and installation.

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Comprehensive Support

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Once installed, Zircle provides lifelong monitoring, monthly updates, and proactive maintenance, to ensure that your system runs smoothly.

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Quality Assurance

Every system is thoroughly backed by independent quality inspections, lifelong service support, and warranty claim assistance to guarantee a hassle-free experience in the future.

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Trusted Expertise 

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With Zircle, you gain access to top solar vendors that ensure reliable and efficient installation with transparent communication.

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By choosing Zircle, you get a trusted partner committed to providing you with the best solar solutions and ongoing support. We make your journey simple and rewarding to sustainable energy.

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Ready to make the switch to solar? Talk to Zircle Experts, email us at contact@gozircle.com, or call us at +91 8068635536 to get started today!

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Frequently Asked Questions (FAQs)

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What is a subsidy for a rooftop solar system in India?

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Under the Rooftop Solar Scheme, the central government is providing subsidies for the installation of solar systems.

The subsidies are as follows: 

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• Rs. 30,000 per kW for solar panels up to 2 kW
• Rs. 18,000 per kW for systems between 2 kW and 3 k, 
• Subsidy of Rs. 78,000 for solar systems greater than 3 kW

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What is the eligibility of PM Surya Ghar Muft Bijli Yojana?

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The registered household must be a resident of India. Moreover, the house must have a suitable rooftop for solar panel installation. A valid residential electricity connection is also required for the household. In addition, the house should not be availing of any other subsidy for solar panels.

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Is a 2 kW solar panel enough to run a house?

A 2 kW solar panel is an ideal choice to run a small house of 2 BHK or equivalent. It generates sufficient energy to run home appliances.