Revised Solar Subsidy and Policies for Rooftop Solar Installations in India (2024)

The Indian government has just launched the PM Surya Ghar Muft Bijli Yojana with a target of solarizing 1 crore households! Many states have also launched ambitious campaigns to install solar panels across thousands of homes.

To achieve this goal and promote the growth of rooftop solar, the government has also hiked the solar subsidy and made it easier to avail it.

Here’s everything you need to know about the solar subsidy in India.

The Indian government offers Central Financial Assistance to residential solar consumers. This incentive is available for grid-tie solar plants of up to 10kW capacity. In February 2024, MNRE hiked this subsidy under the new Surya Ghar scheme, making rooftop solar even more lucrative and affordable.

The subsidy for general states is as follows:

The Ministry of New and Renewable Energy (MNRE) has simplified the application process for rooftop solar. Now, a consumer has to submit fewer documents to the DISCOM before installing a solar plant.

As per the change, the new documents required are:

In the project completion report, the consumer will have to share simple details about the solar panels and inverters installed, including the quantity, capacity, make, and serial numbers.

The National Portal for Rooftop Solar (https://pmsuryaghar.gov.in/) is a unified platform for consumers across India. Here, you can submit your application and track the entire installation process.

Once all the necessary details have been submitted, and the application is approved, the subsidy will get credited to your bank account after the plant commissioning.

Solar subsidy is available to only residential consumers installing grid-connected solar plants. Moreover, it is mandatory to install made-in-India modules to avail the incentive.

In most Indian states, the subsidy is distributed as per the MNRE norms. This means that only the Central financial Incentive is available in the region.

However, some states which have launched extensive campaigns to promote rooftop solar are also providing a subsidy in addition to the CFA.

Uttar Pradesh for example, provides an additional subsidy of ₹15,000/kW with a cap of ₹30,000 to all consumers. Puducherry government as well has proposed an incentive of ₹9,000/kW to those who are installing solar panels.

Indore government, on the other hand, is offering a 6% rebate on building approval fees on plots of 1500sq.ft and above which are considering a solar installation.

Apart from these, state governments have also launched solar campaigns in Delhi, Nagpur, and Bangalore. If you are located in any of these states, then this is undoubtedly the best time to go solar.

If you are looking for a solar solution that is quick to set up and extremely reliable, then Ojas Solar Plant is the ideal choice. Ojas is an elevated solar structure that can be assembled in just 4 hours by 2 professionals. There is no welding required.

The Made-in-India structure is resistant to corrosion and can endure wind speeds of up to 180 km/hr, ensuring stability even in severe storms. It boasts an IIT-certified design, backed by the assurance of India’s premier solar company, APL Apollo.

Ojas has a sleek and modern appearance, efficiently utilizing your roof space without any wastage. Once installed, it provides a shaded area underneath. This solar plant is suitable for 2 kW to 20 kW plant capacity.

By generating your own energy, you can reduce the dependence on grid power. Moreover, since solar is significantly cheaper than grid-based electricity, going solar can help slash your monthly electricity bills by up to 80%.

Electricity tariffs are rise every year. But, with a solar plant at home, your electricity cost will remain nearly constant for over 25 years!

With a net metering facility, you can also sell your extra generated energy back to the grid. The distribution company will pay you for this power and the value will automatically get adjusted to your bill.

The Indian government offers a substantial subsidy to residential solar consumers. This makes solar installations even more affordable. And, you can easily recover your initial investment in 3-4 years with the energy savings.

Your solar plant hardly requires any maintenance apart from regular cleaning once every two weeks. You can also install a tiny water drainage clamp like Aqua Pi with your solar panels, to drain residual water and avoid dirt accumulation at the corners.

Ornate Solar is a leading solar company with 8+ years of experience in the industry and the mission to reimagine the way solar is installed worldwide.

From advanced solar panels, innovative inverter solutions, and high-quality accessories to the unique InRoof that turns panels into the primary roof, we develop and deliver solutions that are modern, reliable, and effective.

If you are exploring solar solutions, reach out to us at 011 43536666 to discuss your options.