How much subsidy is there for solar panels installed on roofs

Do you qualify for government subsidies for solar panel installation?

To qualify for government subsidies for solar panel installation, applicants must meet specific conditions: The solar panel system must be installed by a vendor registered under MNRE or the state’s DISCOM-approved list. It should be a grid-connected rooftop solar panel system. Only domestic (residential) users are eligible for subsidy support.

Why should government offer subsidies on solar panels?

The government wants to make clean energy accessible to all and reduce dependency on fossil fuels. By offering subsidies on solar panels, the government hopes to encourage households and institutions to invest in solar energy solutions, especially in urban and rural areas where electricity costs are high. 1. PM Surya Ghar Muft Bijli Yojana

Will government give subsidies for rooftop solar panels in 2024-25?

The Budget 2024-25 emphasised this yojana and provided that the government will give subsidies for the installment of solar panels to 1 crore households. Under this scheme, subsidies are provided for installing rooftop solar panels for residential houses to supply power to households.

How much state subsidy should be available for solar rooftop systems?

State subsidy of 40% should be available for solar rooftop systems up to 3kW and 20% for solar rooftop systems between 3 kW to 10 kW, which will be installed and commissioned by private residential consumers. If the capacity of the solar rooftop system is beyond 1 kilowatt DC, it can be installed irrespective of a sanctioned load of consumers.