"Maximize Your Savings with PM Surya Ghar Scheme"
Finance Minister Nirmala Sitharaman has said that the 'Rooftop Solar Scheme' also known as 'PM Surya Ghar Free Bijli Yojana' will also be launched in the Financial Budget 2024-2025. The initiative aims to promote the use of solar energy in residential buildings through the provision of subsidy on the installation of solar panels. Switching to solar energy helps homeowners save on electricity bills thereby conserving energy and the environment. The scheme highlights the government's determination to increase the consumption of renewable resources in India.
In August 2023, the Government of India, led by Prime Minister Narendra Modi launched the ‘Rooftop Solar Scheme’ for PM Surya Ghar Free Bijli Yojana under the 2024-2025 budget. Officially launched on 15 February 2024, the scheme aims to install solar panels in 1 crore homes and reduce the energy costs of middle class and low-income families. It provides a subsidy of up to 40% on the cost of installation, helps in fulfilling the green energy mission and creates employment opportunities. The program is estimated to save ₹ 75,000 crore to the government exchequer every year.
The scheme anticipates a subsidy of 60% of th solar unit cost for systems with capacity up to 2 KW and 40 per cent of the additional system cost for other systems with capacity ranging from 2 to 3 kW. The subsidy has been capped at the 3 kW capacity level. 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 system and above.
Solar System Capacity New (Wef 13, feb, 2024) Earlier Increase 1kW ₹ 30,000.00 ₹ 18,000.00 67% 2kW ₹ 60,000.00 ₹ 36,000.00 67% 3kW ₹ 78,000.00 ₹ 54,000.00 44% 4kW ₹ 78,000.00 ₹ 63,000.00 24% 5kW ₹ 78,000.00 ₹ 72,000.00 8%
You can call the rooftop solar scheme toll-free number to resolve all your queries regarding the scheme – 15555.
We deal with all the documentation and hence, we take the hassle out of it ourselves. The installation is done only by government authorised contractors which ensures that the quality of the installation is up to high standards. Throughout, our aim is to provide a seamless service to help you set up and organise all the documentation in such a way that your needs are met in the shortest possible time.
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