India launches residential PV subsidy scheme-xmwintop.com

India launches residential PV subsidy scheme

February 19, 2024

The Prime Minister of India, Narendra Modi, Surya Ghar Muft Bijli Yojana, has announced the launch of a residential rooftop solar scheme to provide free electricity.

"From substantial subsidies issued directly into the people's bank accounts to substantially concessional bank loans, the central government will ensure that the people do not bear any cost burden," Mr Modi said. "All stakeholders will be integrated into one national online portal."

The scheme provides subsidy of INR 30,000 / kW up to 2 kW and subsidy of INR 18,000 / kW for additional capacity up to 3 kW. The total subsidy for systems over 3 kW is capped at INR 78,000.

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