SOLAR PANEL SUBSIDY: Solar energy is a popular renewable energy source that is powering homes, businesses and industries. The solar panel subsidy program aims to encourage residential solar energy usage by offering financial assistance. The subsidy amounts based on location and system ranging. For most regions, solar energy systems up to 3 kW receive a subsidy of up to ₹14,588/kW. Systems ranging from 3 kW to 10 kW get ₹14,588/kW for the initial 3 kW and ₹7,294/kW for the rest. Beyond 10 kW, a fixed amount of ₹94,822 is provided.
Why does the Government give Solar Panel Subsidy?
1. Solar panel subsidies encourage research and development in solar technologies.
2. Solar panel subsidies attract peoples toward them by giving subsidies and aware them about reduce dependence on the Fossile fules.
3. Solar panel subsidies solar industry can stimulate economic growth by creating jobs in manufacturing, installation, maintenance, and research and development.
4. Solar panel subsidies make solar energy more affordable for consumers.
Benefits of Solar Panel Subsidy
1. Solar panel subsidies increased adoption of solar energy, reducing dependence on fossil fuels and promoting a transition toward cleaner and renewable energy sources.
2. Solar panel subsidies inspires peoples for using solar power instead electricity and save electric bill by producing their own energy.
3. Solar panel subsidies can help make environment Beneficial.
4. Solar panel subsidies contribute to greater energy independence for countries, reducing reliance on imported fossil fuels.
How to Apply for Solar Panel Subsidy in India
For apply for the solar panel subsidy in india , indian government recently the NATIONAL PORTAL FOR ROOFTOP SOLAR , this make easy to apply now. Now any one from the country can apply for the solar panel subsidy online from any parts of the country . Now, people can also track their application progress until subsidy not transferred to bank account.
Eligibility criteria for Solar Panel Subsidy
1. People must take care that the solar project must be implemented from national portal.
2. Only home made solar panels (both module and cells) can be used.
Solar system price without subsidy –
1kW Solar System Price – ₹60,000-₹65,000
2kW Solar System Price – ₹1,20,000- ₹1,30,000
3kW Solar System Price – ₹1,80,000- ₹1,95,000
4kW Solar System Price – ₹2,40,000- ₹2,60,000
5kW Solar System Price – ₹3,00,000-₹ 3,25,000
10kW Solar System Price – ₹6,00,000- ₹6,50,000
Solar system price with subsidy-
1kW Solar System -₹ 45,412- ₹50,412
2kW Solar System- ₹90,284- ₹1,00,284
3kW Solar System- ₹1,36,236 – ₹1,51,236
4kW Solar System- ₹1,88,942- ₹2,08,942
5kW Solar System- ₹2,41,648 – ₹2,66,648
10kW Solar System- ₹5,05,178- ₹5,55,178
Conclusion
The solar panel subsidy aims to make all india solar india . Its aim to make solar energy use every where and promote among consumers and various sectors .
