Solar power is the future, and the government of India is also encouraging people to adopt solar energy. The government has been running a solar panel subsidy program for homeowners for many years.
The objective of providing a solar subsidy for homes is to promote solar energy and encourage homeowners to adopt solar.
Solar panel for home subsidy
The “Rooftop Solar Scheme,” one of the main programmes, offers financial support for installing rooftop solar panels on residential structures. Under this programme, homeowners are eligible for a subsidy of up to 40% of the installation cost, up to 40% of the benchmark cost or Rs. 40,000 per kW, whichever is less.
Solar panel government subsidy
The Indian government launched a solar rooftop power plant project to save energy and resources for future generations. The government offers assistance in the form of a solar panel subsidy because the up-front installation cost could be prohibitive for the average person.
How much is the subsidy?
- 40% for up to 3 kW of capacity
- 20% for the power output of more than three kWp and up to 10 kWp
- For GHS/RWA capacities up to 500 kWp, 20% is restricted to 10 kWp per dwelling and a maximum of 500 kWp overall.
How to get a solar subsidy?
You may be eligible for generation-based incentives depending on the annual power generated. One can issue solar panel subsidies from central or state governments provided that the total installation cost without solar subsidy falls between Rs. 60,000 – 70,000. You must generate between 1100 and 1500 kWh annually to qualify for this.
The federal government covers up to 30% of the costs in most states. There are specific incentives for farmers that offer discounts on water pumping equipment of up to 90%.
How to apply for a subsidy
The solar subsidy for homes – the government scheme – is implemented through the state. Therefore, consumers who want to enjoy the scheme’s benefits must approach Power Distributing Companies (DISCOMs) in their area.
Installing solar panels should be a worthwhile financial investment. If you plan to install a solar panel on your roof to produce solar power, you must choose the best company. Friendly Footprints is one such company that provides high-quality and long-lasting solar rooftop services.