With the increasing electricity demand comes the problem of insufficient resources to support such usage. This can be especially difficult for low-income families who battle paying high electricity bills every month for basic household needs. To help ease this burden, the government has suggested solar energy as a renewable and more affordable option for electrical power.
The growth of solar rooftops in India has been tremendous over the last few years. Residential rooftop solar accounts for roughly 20% of the overall rooftop mark. Residential installations have seen steady growth in the previous few years and have grown by 35% over the last year. The availability of subsidies and increased awareness of solar and its benefit is the primary catalyst for the growth of this sector
This blog looks at the different subsidies available to you. Solar subsidies can improve affordability by reducing the cost of installing solar panels. If you’re thinking about installing solar panels, make sure to check out the different offerings that are available to you.
State Solar Subsidy:
The subsidy is available only for residential solar grid-connected systems (without batteries). Commercial or industrial sectors are not eligible to avail of this scheme. Each DISCOM has benchmarked the rates at which solar companies can sell solar systems. The amount of subsidy available varies between 20-40% and depends on the system size. Details of the support are as below.
National Portal Solar Subsidy:
Under the national portal solar subsidy scheme, the government offers a fixed subsidy depending on the system size you wish to install. The detail of the subsidy is as mentioned below.
Difference between the national subsidy scheme & State scheme
Under State Scheme, the customer pays only the post-subsidy price to the solar company (Total Price – Subsidy amount). The solar company claims the subsidy amount from the government post-installation.
In National Portal Scheme, customers apply for solar subsidies through National Portal. The subsidy amount is transferred to their bank account within 6 months of solar system commissioning. The customer will initially pay the entire amount to the solar company.
Adopting solar energy for your home does not have to be a complicated process – Freyr Energy is here to help make it as easy as possible. We take care of all necessary documentation and approval processes, whether central or state subsidy. We hope it has been a worthwhile read, and if you have any other questions or concerns about state and national solar subsidies, please get in touch with us anytime at leads@roopsolar.com