Solar Subsidy in India - Empowering Your Energy Future with Virupaksha Energy
Unlock the Sun's Potential at a Fraction of the Cost
In a stride towards sustainable energy, India has embarked on a revolutionary solar subsidy programme to incentivize residential solar adoption. Spearheaded by the Ministry of New and Renewable Energy (MNRE), the Rooftop Solar Programme Phase II promises a brighter, cleaner future for every Indian household.
Central Financial Assistance (CFA) - Your Gateway to Savings
The CFA, executed through Distribution Companies (DISCOMs) and state agencies, facilitates a direct benefit transfer (DBT) mechanism. This ensures that residential consumers, including group housing societies and Resident Welfare Associations (RWA), receive financial aid directly in their bank accounts.
Who is Eligible for CFA?
The CFA is available to residential consumers with grid-connected solar plants, along with group housing societies and RWAs boasting solar capacities up to 500 kW.
Subsidy Breakdown - Lightening Your Financial Load
With the CFA in play, subsidy calculations become straightforward, benefiting consumers across states, except for the north-eastern states and certain union territories. The subsidy amounts are as follows:
- Solar energy systems up to 3 kW: ₹14,588/kW
- Systems between 3 kW to 10 kW: ₹14,588/kW for the first 3 kW and ₹7,294/kW for the rest
- Plant capacities above 10 kW: Fixed ₹94,822
- RWAs/GHS (Up to 500 KWp): ₹7,294/kW @ 10 KWp per house
Note: CFA is based on module or inverter capacity, whichever is lower.
Central Govt. Subsidy Scheme: - Approved Vendor
