Govt approval for Rs 75K crore rooftop solar subsidy plan
NEW DELHI: The government on Thursday approved the PM-Surya Ghar: Muft Bijli Yojana to promote rooftop solar power and providing electricity relief to 1 crore households.
The scheme, with a total outlay of Rs 75,021 crore, offers major financial assistance, easy loan options, and other benefits to encourage widespread adoption of rooftop solar panels.
Announced by Prime Minister Narendra Modi on February 13, 2024, the scheme promises to deliver up to 300 units of free electricity each month to a crore homes. The scheme provides subsidies to incentivise rooftop solar installation. For systems with a capacity of 2 kW, a 60% subsidy of the system cost is offered. For systems between 2 and 3 kW, a 40% subsidy is provided on the additional cost above 2 kW.
