How Much Solar Installation Cost Can You Reduce With Subsidy?

The PM Surya Ghar Muft Bijli scheme represents a significant step towards affordable and sustainable energy solutions for households and housing societies across India. Our country has average electricity rates of Rs. 8 to Rs. 10 per unit. This initiative aims to ensure free electricity for middle income residents.

The rooftop solar scheme reduces the upfront costs of installing rooftop solar panels through subsidies up to Rs. 78,000. If you are considering switching to solar energy, understanding how much you can save is crucial. This blog will guide you through the subsidy amounts, eligibility criteria and the reduced solar installation costs under the rooftop solar scheme.

What Is PM Surya Ghar Muft Bijli Yojana?

The PM Surya Ghar Muft Bijli Yojana is a government solar subsidy program. It is designed to provide up to 300 units of free electricity per month to 1 crore households with rooftop solar panels.

It offers a capacity-based subsidy to reduce the initial cost of installing these panels. This program will help families lower their monthly electricity bills and save money in the long run.

How Much Subsidy Can You Get on Rooftop Solar Panel Installation?

The amount of subsidy you receive under the rooftop solar scheme depends the capacity of the solar system you install. Below is a detailed breakdown of the subsidies available:

• Solar Capacity of 1 KW: 30,000
• Solar Capacity 2 KW: 60,000
• Solar Capacity of 3 KW or More: 78,000

What Will Be the Solar Rooftop Price After the Subsidy?

The home solar installation cost of solar panels varies based on the system’s capacity and other factors such as vendor and technology. Here is a breakdown of the costs you will likely incur after applying the subsidy:

Cost Analysis Based on Solar Capacity

1 KW System:

• Before Subsidy: 90,000 – Rs. 1,30,000
• Subsidy Amount: 30,000
• After Subsidy: 60,000 – Rs. 1,00,000

2 KW System:

• Before Subsidy: 1,40,000 – Rs. 1,80,000
• Subsidy Amount: 60,000
• After Subsidy: 80,000 – Rs. 1,20,000

3 KW System:

• Before Subsidy: 1,90,000 – Rs. 2,30,000
• Subsidy Amount: 78,000
• After Subsidy: 1,12,000 – Rs. 1,52,000

5 KW System:

• Before Subsidy:2,90,000 – Rs.3,30,000
• Subsidy Amount: 78,000
• After Subsidy:2,12,000 – Rs.2,52,000

What are Eligibility Criteria for Rooftop Solar Scheme?              

You must meet the following eligibility criteria, to avail the subsidy under the PM Surya Ghar Scheme:

1. Solar System Type: You must go for on-grid solar system installation to get the subsidy.
2. Indian Citizenship: Only Indian citizens are eligible for the subsidy.
3. Property and Meter Ownership: The property ownership, roof rights, and existing meter must be registered in your name.
4. Previous Subsidy: Individuals who have already availed of subsidies for solar panel installation are not eligible.
5. DCR Compliance: The solar panels and cells must be DCR (Domestic Content Requirement) marked or made in India.
6. ALMM Listing: The modules used must be listed on the ALMM (Approved List of Models and Manufacturers).
7. DISCOM Registration: The Distribution Company (DISCOM) involved must be registered with the Ministry of New and Renewable Energy (MNRE).

Additional Considerations for the Rooftop Solar System Installation

Here are the things you should consider before the solar panel installation:

• Vendor Selection: It is advisable to get quotations from different vendors, to ensure you receive the best deal. This will help you choose the best solar system at an affordable price. Also, make sure the vendors are empanelled under the rooftop solar scheme.
• System Type: Opt for an on-grid solar system to avail of the solar panel installation subsidy. On-grid systems are more cost-effective and suitable for most residential applications.
• Empanelled Vendors: Choose vendors DISCOM-registered to ensure a smooth process for availing the subsidy.

Documents Required for Rooftop Solar Scheme

Before applying ensure that you have all the documents required required during the the application of PM Surya Ghar Scheme.

• Identity Proof
• Address Proof
• Electricity bill
• Roof ownership certificate
• Commissioning certificate
• Cancelled cheque

What are the Benefits of the Rooftop Solar Panel Installation Scheme?

The rooftop solar scheme introduced in February brings a lot of benefits as listed below:

• Opportunities for entrepreneurs to supply and install solar panels.
• Decrease in government electricity expenses.
• Greater adoption of renewable energy.
• Reduction of carbon emissions.

How to Apply for the Subsidy under Rooftop Solar Scheme

Applying for the PM Surya Ghar subsidy involves the following steps:

1) Portal Registration: Visit the National Portal for Solar Rooftop, register with your details, and apply for the subsidy.

2) Application Submission: Fill out the application form and submit it along with necessary documents like recent electricity bills, consumer-vendor agreement, and commissioning certificate.

3) Installation and Inspection: After getting approval, connect with a DISCOM-registered vendor for installation. Post-installation, apply for net metering and get a commissioning certificate.

4) Subsidy Claim: Submit your commissioning certificate, bank details, and other required documents on the portal to receive the subsidy amount.

The PM Surya Ghar Muft Bijli Yojana offers a valuable opportunity to reduce the upfront cost of installing rooftop solar panels. You can significantly lower your investment and enjoy the long-term benefits of solar energy with subsidies worth up to Rs. 78,000.

Das Energy Private Limited is an online platform that partners with solar installers near you which are DISCOM-empanelled. They provide you with multiple free quotations and connect you with a vendor of your choice. These vetted installers will install high-quality equipment and guide you throughout the process. Their MNRE-compliant solar panel installations qualify you for subsidies.

Conclusion

The rooftop solar scheme annouced in February this year has boosted solar panel installations in India. You can begin your solar journey easily by understanding the subsidy structure and following the application process as explained above. Make a cost-effective shift to sustainable energy with Das Energy. Fill up the solar quotation form and get started on a cleaner and more affordable way of life.