Solar Panel India Government Subsidy

Up s total installed solar power capacity was 1 095 mw in february with solar rooftop capacity of 146mw.

Solar panel india government subsidy.

There have been successful subsidy lead programs awareness drives as well as strong policies that have been formulated to ensure the rapid progression of rooftop solar in the state. It is mandatory for all large housing societies in west bengal having a total contract demand of more than 500 kw to install solar rooftop systems to meet a minimum of 1 5 of their total electrical load by solar energy. The state government has set a target of 10 700 mw for solar power including 4 300 mw from rooftop solar projects by 2022. So it is a government run scheme using other people s money to give the subsidy.

Under the scheme the first 10 000 consumers in the state who set up 1kw systems will obtain a subsidy of 20 000 from the state government in addition to the central government subsidy of 30 000. According to the ministry of new and renewable energy mnre the central government pays 30 of the benchmarked installation cost for rooftop pv systems. To achieve this target govt. 15 000 20 000 upto 10 kw.

The solar panels save on electricity bills in india. Links are available for schemes such as capital subsidy for basic lighting through solar charging stations under state renewable energy development agencies and programme on off grid and decentralised solar applications for jawaharlal nehru national solar mission jnnsm. Of india also senctioned an amount of rs 5 000 crore for solar subsidies only. The average cost of installation of rooftop pv system without subsidy is around rs 60 000 70 000.

Subsidy on solar system mnre ministry of new and renewable energy central government has set the target to install 227 gigawatt 22 70 00 000 kilowatt by 31 march 2022. After the modification of the scheme on 15th march 2012 it has been declared that 40 subsidy will be provided on capital costs of solar pv systems for units which are located in both urban and rural areas of india. Some states that listed in the special category and a subsidy of up to 70 of the benchmarked installation cost is offered in these states by north mnre pv rooftop cell. Government owned webel was one of the first manufacturers of solar energy panels in the country.

However the road to bring these subsidies to pass is quite rough and hectic. In order to avail generation based incentive the customer should generate 1100 kwh 1500 kwh per year. The solar park is expected to host at least 790 mw solar power systems when it is fully completed and commissioned. This subsidy is applicable in states that are in the general category.

Despite that growth remains relatively undiminished and india s achievements are well known. Know about schemes for solar energy by ministry of new and renewable energy. After leveraging 30 subsidy people just have to pay rs 42 000 49 000 for installing a rooftop pv system. State subsidy amount rs.

The government of india has provided many subsidies on solar power and companies are benefiting from this.