Solar Panel Scheme: People in cities and villages no longer need to spend on expensive electricity. The government has now launched the PM Surya Ghar Yojana. Through this scheme, people are being given a bumper subsidy on installing solar panels. If you are also troubled by the rates on your electricity bill, then do not worry.
We are going to tell you a very simple way to end all your confusion. You can install a free electricity scheme under PM Surya Ghar Yojana on the roof of your house, which means there is no problem. Families will be able to save money on their electricity bills after choosing this scheme, and they can also fulfill their dream of earning more money by selling surplus electricity to DISCOM.
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Apply this way to take advantage of the scheme.
To avail the benefits of PM Surya Ghar Yojana, you will need to apply first. First of all, an account has to be opened on the national website pmsuryaghar.gov.in. Customers have the option to choose the manufacturer and supplier of the rooftop solar system they want to install. Families will benefit from the national portal’s provision of relevant data, including seller ratings, profit calculators, and suitable system sizes.
How will the scheme work?
It is important to know how the PM Surya Ghar Yojana launched by the government will work. According to the IB release, the scheme provides for a discount of 60% of the solar unit cost for systems up to 2 kW capacity and up to 40% of the additional system cost for systems between 2 and 3 kW capacity.
The subsidy limit has been set at 3 kW capacity. At current benchmark prices, this would mean a subsidy of Rs 30,000 for a 1 kW system, Rs 60,000 for a 2 kW system, and Rs 78,000 for a 3 kW or higher system.”
Currently, low-interest loans with no collateral requirements and interest rates as low as 7% are available for installation of home RTS systems up to 3 kW.
The interest rate is fixed at a premium of 0.5% over the current repo rate, which is determined by the Reserve Bank of India from time to time. If the repo rate (which is currently 6.5%) is reduced to 5.5%, the effective interest rate for consumers will come down from the current 7% to 6%.
