Your Complete Guide to Pradhan Mantri Suryoday Yojana -Benefits, Eligibility, and more!

Right at the beginning of the year, PM Narendra Modi launched the Pradhan Mantri Suryoday Yojana. The target? Install rooftop solar plants in 1 crore households and make India self-reliant in energy!

Let’s understand what the scheme is about, who it benefits, and how even those not eligible for the scheme can take advantage of the Indian government’s solar push.

The scheme was introduced to help the poor and middle-class population of India reduce their electricity bills and generate income through the sale of solar power. In February, the Prime Minister officially launched the scheme under the name, Surya Ghar Muft Bijli Yojana.

Under the programme, the government is offering up to 60% subsidy to residential solar consumers. Individuals also have the option of availing collateral-free, low-interest loans to finance their solar investment.

The beneficiaries will be able to enjoy reliable electricity at a reduced rate. Moreover, the initial investment can also be recovered within 3-5 years. After this period, electricity will essentially be free for most consumers. They can also generate an income by selling the surplus power to the grid.

It is important to note, that the government had previously announced plans to completely finance solar installations for low-income households. However, that scheme is no longer applicable.

As part of the Surya Ghar scheme, a consumer will have to pay a minimum portion of the installation cost.

In January 2024, the government had announced a 23% subsidy hike. Under the new scheme, MNRE raised this incentive further to make solar more affordable for households.

The following is the current solar subsidy available to residential consumers. It will apply to all those individuals who submit their rooftop solar applications after 15th February 2024.

Consumers from all over India can now directly apply at the National portal for rooftop solar (https://pmsuryaghar.gov.in/). At this portal, you can track everything from the application process to the approval status.

Once the plant is commissioned and approved by DISCOM, the subsidy will automatically be credited to the consumer’s bank account.

MNRE has just hiked the solar subsidy, making it the highest-ever incentive for rooftop solar installation. Moreover, the ministry has also simplified the application process significantly, which has made the setup process easier than ever.

Apart from this, several cities such as Varanasi, Indore, Delhi, and Puducherry have launched their own separate rooftop solar campaigns. As part of the initiatives, the state governments are offering a slew of financial incentives such as additional subsidies, net metering, generation-based incentives, etc.

Moreover, since the Indian government is supporting the development of solar infrastructure across the nation, DISCOMs have been instructed to avoid delays and fast-track the installation process!

With these measures, going solar has become affordable and easier than ever. And if you are looking for a solution that gets installed in a matter of hours, and provides cheap and reliable electricity for more than 25 years, Ojas is the perfect solution.

Ojas is an elevated solar structure that can be set up in just 4 hours by 2 professionals. It does not require welding. Moreover, This structure can withstand wind speeds of up to 180 km/h and brave the heaviest of storms!

It is an IIT-certified solution that is guaranteed by APL Apollo Tubes. It looks neat, and modern and uses your roof space most efficiently!

Ojas is a patented solution developed by APL Apollo Ornate InRoof. For more information about this structure, reach out to us at the toll-free number 1800-202-6252.

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.