For the financial years 2022-23 and 2023-24, Himachal Pradesh Energy Development Agency (HIMURJA) has issued the authorized benchmark costs for grid-connected residential rooftop solar projects.
The balance of the system, including cable, switches, circuit breakers, connectors, junction boxes, mounting structures, earthing, lightning arresters, civil works, installation and commissioning, and a five-year comprehensive maintenance contract, as well as transportation, insurance, and taxes, are all included in the benchmark costs. However, it does not include the expenditures of net metering and battery backup.
For the financial years 2022-23 and 2023-24, the Himachal Pradesh Energy Development Agency (HIMURJA) has issued the authorized benchmark costs for grid-connected residential rooftop solar projects.
The balance of the system, including cable, switches, circuit breakers, connectors, junction boxes, mounting structures, earthing, lightning arresters, civil works, installation and commissioning, and a five-year comprehensive maintenance contract, as well as transportation, insurance, and taxes, are all included in the benchmark costs. However, it does not include the expenditures of net metering and battery backup.
In Himachal Pradesh, the recently approved benchmark costs for grid-connected residential rooftop solar systems of 1 kW to 3 kW are Rs. 50,000/kW, and for projects larger than 3 kW and up to 10 kW are Rs. 48,6000/kW. The cost evaluated for projects of 10 kW to 100 kW is Rs. 45,000/kW, while for projects over 100 kW and up to 500 kW, it is Rs. 42,000/kW.
The Ministry of New and Renewable Energy (MNRE) and the states determine the benchmark cost for residential rooftop solar systems for each financial year. The central financial aid (CFA) or subsidy for these systems is computed as a percentage of either MNRE’s benchmark cost or the cost discovered in states or union territories in a given year, whichever is lower.
Under its Phase-II grid-connected rooftop solar program, MNRE offers a CFA of up to 40% for residential rooftop solar systems up to 3 kW capacity, based on existing benchmark costs.
For rooftop systems with a capacity of more than 3 kW but less than 10 kW, the CFA of 40% would apply only to the first 3 kW of capacity, and the CFA would be limited to 20% for capacity greater than 3 kW. CFA will be limited to 20% for group housing societies or residential welfare associations installing rooftop systems to supply power to common facilities. The total capacity eligible for CFA will be limited to 500 kW and will be limited to 10 kW per residence.
The benchmark costs for FY 2023 have yet to be released by MNRE. In November 2021, the benchmark cost for FY 2022 was announced.
According to MNRE, all qualified homes will be eligible for a subsidy under Phase-II of the grid-connected rooftop solar program, as long as they follow the requirements of their individual State Electricity Regulatory Commissions and program implementation guidelines.
Under the scheme, distribution firms or their approved agencies will solicit Expressions of Interest (EoI) from organizations interested in supplying, installing, testing, and commissioning rooftop solar systems in residential buildings. Bidders in the lowest bid (L1) pricing bracket will be empaneled and will supply services to customers at the lowest tariff rate possible.
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Resource: Mercom India
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