Solar panel subsidies in India are financial incentives offered by the government to make this renewable energy source more and more popular. These schemes make solar power systems more affordable for homeowners and lower the upfront installation costs, helping more people adopt clean energy.
However, with the government subsidy: · Without subsidy: Approximately ₹2.5 to ₹3 lakhs · Subsidy amount: Up to ₹78,000 under the PM Surya Ghar Muft Bijli Yojana · Net cost after subsidy: Around ₹1.72 to ₹2.22 lakhs This subsidy significantly reduces the initial investment, making solar energy more accessible. What is the latest solar subsidy?
The residential sector can only avail of Indian government social subsidiary schemes at their home or housing society. The subsidy on the solar panels is as per the guidelines of MNRE. The government aims to achieve a cumulative capacity of 40 GW of Rooftop Solar projects for the country by the year 2023.
There is a possibility that a subsidy on a solar panel can be limited to the maximum capacity of 10 kW. The Indian government has come up with various solar panel schemes to provide to the enterprises that are promoting growth. CFA totaling INR 2 M/MW or 30% of the project’s cost. This also includes grid-connectivity costs.
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