Complete Guide to Solar Panel Subsidy in India
Switching to solar energy is a great way to save money and reduce electricity bills. The government offers financial support to encourage solar adoption. If you are planning to install a solar system, understanding the Solar Panel Subsidy in India can help you reduce costs. Here’s everything you need to know. What is a Solar Panel Subsidy? A solar panel subsidy is financial assistance provided by the government to reduce the cost of installing solar power systems. This makes solar energy more affordable for homeowners and businesses. Government Solar Subsidy Schemes in India The Indian government promotes solar energy through various subsidy schemes. The Ministry of New and Renewable Energy (MNRE) offers subsidies for residential rooftop solar installations under the Rooftop Solar Programme Phase II . Subsidy for Residential Solar Systems Up to 3 kW – 40% subsidy on the benchmark cost. 3 kW to 10 kW – 40% subsidy for the first 3 kW and 20% for the remaining capacity. Above 10 kW ...