The solar panel subsidy in India is a groundbreaking initiative by the government to make renewable energy more accessible and affordable, particularly for homeowners. This solar subsidy 2024 is not just a financial benefit; it is a strategic push towards achieving a sustainable and energy-secure future.
What Are Solar Panel Subsidies?
Solar panel subsidies are financial incentives provided by the government to promote the installation and use of solar panels for generating electricity. These subsidies help reduce the cost of solar installations, encouraging homeowners to adopt solar energy in India and transition to a greener lifestyle.
Solar Panel Subsidy in India 2024: Steps to Avail Benefits
The Indian government, through the Ministry of New and Renewable Energy (MNRE), offers multiple solar subsidy schemes to encourage the use of renewable energy. Here’s how to apply for the solar panel subsidy in India:
- Download the Sandes App
Visit the National Solar Subsidy Portal and download the Sandes App. - Register on the Portal
Submit the application by providing necessary details such as identification proof, address proof, and property ownership documents. Ensure the applicant’s name matches the name on the most recent electricity bill. - Receive Feasibility Approval
DISCOM will review the application and provide feasibility approval via email. - Complete Solar Panel Installation
Once the solar panels are installed, submit the work completion report along with a net meter installation request. - Inspection and Certification
DISCOM will inspect the installation and generate a commissioning certificate. - Submit Bank Details
Provide bank account details and a canceled cheque for subsidy disbursement. - Receive Subsidy
The subsidy amount will be transferred directly to the applicant’s bank account.
Companies like Freyr Energy assist homeowners throughout this process, ensuring a hassle-free experience.
Eligibility Criteria for the National Rooftop Solar Scheme 2024
To qualify for the National Rooftop Solar Scheme 2024, applicants must meet the following requirements:
- Be an Indian citizen aged 18 years or older.
- Own a house with a suitable rooftop.
- Provide necessary documentation, including proof of income and recent electricity bills.
- The most recent electricity bill for the last six months
- KYC documents required for solar panel installation
The maximum capacity eligible for subsidy is 10kW, and homeowners need to pay an upfront amount of 20%–30% for installation.
Benefits of Solar Systems for Homes in India
The solar subsidy in India is part of the government’s broader plan to promote clean energy and reduce dependence on conventional power sources. Initiatives like the PM Surya Ghar Yojana enable homeowners to install solar panels at reduced costs. The subsidy accounts for a significant percentage of installation expenses, making solar energy a budget-friendly and eco-conscious choice.
Central Financial Assistance (CFA) Subsidy Increase
As of January 2024, the government has increased the CFA subsidy by 23%, making solar installations even more affordable. This initiative aims to make residential adoption of solar energy easier and more widespread.
When Does the Solar Panel Subsidy End?
The government has extended the solar subsidy scheme in India until March 31, 2026. Homeowners installing solar panels on their rooftops before this deadline will be eligible for financial incentives. This extension reflects the government’s commitment to advancing renewable energy adoption and achieving long-term sustainability goals.