Govt. Subsidy

What are Solar Subsidy

Solar subsidies are financial benefits provided by the government to help solar panel consumers reduce the burden of initial installation costs. In India, PM Surya Ghar Muft Bijli Yojana is a solar subsidy scheme that has transformed how consumers perceive the adoption of alternative energy sources.

The government solar scheme offers subsidies ranging from ₹30,000 to ₹78,000, depending on the system size, helping reduce the financial burden of going solar.

How Govt Solar Subsidy Work

How Do Government Solar Subsidies Work in India? Solar Panel Subsidy in India scheme in essence targets to cover upto ₹78,000 of the total cost of installation. The scheme is primarily aimed at middle and lower-income groups to reduce the initial cost burden and help them save over ₹15,000 annually on electricity bills.

• The subsidy amount will be credited to their bank accounts within 30 days of submission.
• The scheme offers up to 300 units of free electricity and with an on-grid net metering setting.
• The scheme is revolutionary and can help consumers save significantly for over 25 years from the time of installation.