1 Crore Homes To Receive Rs 78K Subsidy Under Approved Rooftop Solar Scheme; All You Need To Know
On Thursday, the government sanctioned a rooftop solar initiative named PM-Surya Ghar: Muft Bijli Yojna, allocating Rs 75,021 crore. The scheme aims to offer a subsidy of up to Rs 78,000 for the setup of solar plants and provide 300 units of free power to one crore households.
I&B Minister Anurag Thakur announced that approval has been given for the scheme for installing rooftop solar and providing free electricity up to 300 units every month for one crore households.
"The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved PM-Surya Ghar: Muft Bijli Yojana with a total outlay of Rs 75,021 crore for installing rooftop solar and providing free electricity up to 300 units every month for one crore households," an official statement said.
The Prime Minister launched the scheme on 13th February 2024.
What Is PM Surya Ghar: Muft Bijli Yojna?
The scheme offers central financial assistance (CFA) covering 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems ranging from 2 kW to 3 kW capacity. The CFA will have a limit of 3 kW. At the existing benchmark prices, this translates to a subsidy of Rs 30,000 for a 1 kW system, Rs 60,000 for 2 kW systems, and Rs 78,000 for 3 kW systems or higher.
Households can apply for the subsidy through the National Portal and will have the flexibility to choose a suitable vendor for the installation of rooftop solar systems.
The National Portal will assist the households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculator, vendor rating etc.
Households will be able to access collateral-free low-interest loan products of around 7 per cent at present for installation of residential RTS (rooftop solar) systems up to 3 kW.
Other Features of the scheme include a Model Solar Village to be developed in each district to act as a role model for adoption of rooftop solar in rural areas.
Besides, Urban Local Bodies and Panchayati Raj Institutions shall also benefit from incentives for promoting rooftop solar (RTS) installations in their areas.
The scheme provides a component for payment security for renewable energy service company (RESCO) based models as well as a fund for innovative projects in RTS.
What Are The Benefits Of Rooftop Solar Scheme?
This initiative will empower households to reduce their electricity expenses and generate additional income by selling surplus power to DISCOMs. A 3 kW system, on average, is expected to produce over 300 units per month for a household.
The envisioned scheme is poised to contribute to the expansion of solar capacity by 30 GW through rooftop solar installations in the residential sector. This substantial addition is anticipated to generate 1000 billion units (BUs) of electricity and lead to a reduction of 720 million tonnes of CO2 equivalent emissions over the 25-year lifespan of rooftop systems.
Job Employment Opportunities
It is estimated that the scheme will create around 17 lakh direct jobs in manufacturing, logistics, supply chain, sales, installation, O&M and other services.
For availing benefits of PM-Surya Ghar: Muft Bijli Yojana by households, the Government has launched a massive campaign since the launch of the scheme for raising awareness and generating applications from interested households.
How To Apply For This Scheme?
Households can register themselves on https://pmsuryaghar.gov.in to avail of benefits under the scheme.
(with agency inputs)
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