{"id":1751,"date":"2024-04-04T10:40:49","date_gmt":"2024-04-04T10:40:49","guid":{"rendered":"https:\/\/freyrenergy.com\/?p=1751"},"modified":"2024-09-17T05:22:06","modified_gmt":"2024-09-17T05:22:06","slug":"solar-subsidy-in-india","status":"publish","type":"post","link":"https:\/\/sanskriticomputers.co.in\/freshdemos\/freyrold\/solar-subsidy-in-india\/","title":{"rendered":"Solar Subsidy in India"},"content":{"rendered":"\n

The ongoing COVID situation has restricted most of us to staying home \u2013 one of the co-effects of which is an increase in our household electricity consumption. It is without a doubt that the rise in consumption is naturally accompanied by a deeper dent in our pockets. At this point, at least some of us would have definitely considered setting up rooftop solar panels<\/a> to power our homes, thereby saving us from our woes of having to pay such high bills.<\/p>\n\n\n\n

However, in spite of this initial urge, our experience tells us that most residential consumers get discouraged from pursuing the huge upfront cost. However, if you look at the long term benefits- solar systems have no moving parts, make no noise, occupy minimal area, produce zero emissions and require minimal maintenance. What more could one hope for from their \u2018personalised\u2019 power generation source! Well, if it is the \u2018upfront cost\u2019<\/em> that is bothering you still \u2013 then here\u2019s some good news for you! The government of India has introduced a solar subsidy scheme<\/strong><\/a> for residential consumers to promote the adoption of solar power<\/a>.<\/p>\n\n\n\n

While people are glad that the government has introduced solar subsidy<\/a>; however, consumers lack the required know-how of availing it. Many times, finer details regarding the required documentation, whom to approach, how to approach and other related complexities create a mental roadblock for consumers to pursue this further.<\/p>\n\n\n\n

Does this sound like your situation?<\/p>\n\n\n\n

Then, be rest assured! We at Freyr Energy have it sorted for you. At our end, we ensure that you have a complete hassle-free experience towards availing the solar panel subsidy<\/strong><\/a> and thereby enable you to have a successful solar panel installation<\/strong><\/a> at your premises. All you need to do is very simple- Reach out to us!<\/strong><\/p>\n\n\n\n

To help you make an informed decision, we would like to give you a basic understanding of the scheme and how you could benefit from it.<\/p>\n\n\n\n

Who is this subsidy intended for?<\/strong><\/h2>\n\n\n\n

All residential homeowners are eligible to get this solar subsidy<\/em>. The very intent behind this subsidy is to encourage residential consumers and housing group societies\/ resident\u2019s welfare associations to proactively pursue the cost effective \u2018solar for home<\/strong><\/a>\u2019<\/strong> energy option.<\/p>\n\n\n\n

How much is the solar power subsidy in India?<\/strong><\/h2>\n\n\n\n

The percentage of subsidy you are eligible for as per MNRE, has been described below:<\/p>\n\n\n\n

Installed Capacity<\/td>Subsidy Available<\/td><\/tr>
Up to 3 kWp<\/td>40%<\/td><\/tr>
3 kWp to 10 kWp<\/td>40% for first 3kW + 20% for capacity above 3kW<\/td><\/tr>
10 kWp to 500 kWp<\/td>20% (for GHS or RWA)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

What are the provisions of availing this solar panel subsidy in India?<\/strong><\/h2>\n\n\n\n

There are some caveats to the financial assistance:<\/p>\n\n\n\n