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Solar Ongrid Subsidy Scheme

Solar Subsidy in India Explained (2024)

To boost the usage of solar energy in the residential sector, India has a solar subsidy programme in place. It reduces the financial burden of installing solar panels, by providing financial assistance to consumers.With this incentive, residential consumers can save up to 60% 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.

How much is the Solar Subsidy in India?

Solar Energy Systems with a Capacity of 1kw is eligible Subsidy, amount Rs.30,000
Solar Energy Systems with a Capacity of 2kw is eligible Subsidy, amount ₹60,000.
Solar Energy Systems with a Capacity of 3kw and above is eligible Subsidy, amount ₹78,000.

Note: This is the revised subsidy structure announced under the newly launched Surya Ghar Yojana. Consequently, this CFA is available to only those consumers who apply for rooftop solar after 13th February 2024. For the individuals who submitted their application before 13th February 2024, the previous CFA structure (incentive of up to ₹18,000/kW) will be applicable.

How much is the Solar Subsidy in India?

Ensure that their entire solar project is implemented through the national portal. The application to the technical feasibility check to installation- every stage must be undertaken based on the portal procedure.
Consumers have to get their system installed through empaneled vendors (The list of state-wise registered vendors is available on the portal).
Only domestically manufactured solar panels (both module and cells) can be used.
Compliance with all MNRE guidelines and technical specifications is mandatory.

Central Financial Assistance

Register and submit your application at www.pmsuryaghar.gov.in. No vendor or third party is allowed to do so on the beneficiary’s behalf.
The DISCOM will conduct a technical feasibility study within the next 15 days.
Once approved, you can install the system through registered vendors.
After installation, you can apply for net metering and the request will be forwarded to the DISCOM
There will be an inspection of the plant and if all guidelines were met, a commissioning certificate will be issued.
Once you submit your bank details in the portal, the funds will be credited to your account in 30 days.