Rooftop Solar Scheme, The Indian Cabinet Committee on Economic Affairs (CCEA) has announced the Solar Rooftop Subsidy Scheme for 2023–2024. Indian citizens can now apply for this program online at Solarrooftop.gov.in, the official website. In order to save electricity and save costs by using solar power, the Solar Rooftop Subsidy Scheme was created. A government subsidy program for building solar rooftop photovoltaic (PV) systems is called the Solar Rooftop Subsidy Yojana (SRSSY). Consumers in the residential, commercial, and industrial sectors are currently eligible for the program. 30% of the cost of installing a solar PV system is subsidized by the government under the initiative, up to a maximum of ₹1 million (US$14,000). The Indian government wants to construct 100 gigawatts (GW) of solar PV capacity, and the SRSSY is a part of that aim.
In India, the SRSSY has been effective in encouraging the installation of solar PV installations. More than 1,600 MW of capacity has been added under the program as of March 2017, and a further 4,600 MW was being applied for. The residential sector has seen the most installations, followed by the commercial and industrial sectors. The high amount of subsidies, the simplicity of the application process, and the effective distribution of subsidies by government organizations are some of the reasons for the SRSSY’s success. Price reductions have also resulted from the scheme’s creation of a market for solar PV systems and components.
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Contents
Solarrooftop.gov.in Overview
A government program to encourage the use of solar energy in India is solarrooftop.gov.in. Eligible users can install solar photovoltaic (PV) systems on their rooftops with the help of the program. The customer receives the subsidy in the form of a direct benefit transfer (DBT) to their bank account. Promoting solar energy use in India and achieving grid parity for solar electricity are the goals of the solarrooftop.gov.in Solar Rooftop Subsidy Yojana. The solarrooftop.gov.in initiative also seeks to lower carbon emissions and generate jobs in the solar industry.
Solar Rooftop Subsidy Yojana Objectives
- To encourage the use of renewable energy by offering qualified recipients financial support for the installation of rooftop solar systems.
- to lower the cost of clean and green energy for companies and individuals in order to promote its use.
- to support economic growth and generate job opportunities in the renewable energy industry.
Solar Rooftop Subsidy Yojana Benefits
- Installing solar photovoltaic (PV) systems can lower your power costs and shield you from growing utility costs.
- The installation and ownership costs of solar PV systems can be further decreased by taking advantage of state and federal tax incentives and rebates.
- With the right care, solar PV systems may operate for decades and require little to no maintenance.
- In addition to saving you money on energy bills, solar PV systems also raise the value of your house or place of business, making them a smart investment.
- Clean, sustainable energy from solar photovoltaic systems helps lessen our need on fossil fuels while also safeguarding the environment.
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Solar Rooftop Power Plant Details
- A solar rooftop power plant is a structure that uses photovoltaic cells to convert sunlight into direct current (DC) in order to produce electricity. Commercial or industrial buildings typically have solar rooftop power plants installed on their roofs.
- Many companies find it challenging to justify the investment due to the high setup costs of solar rooftop power plants. However, the Solar Rooftop Subsidy Yojana, which offers financial support to companies wishing to establish solar rooftop power plants, was recently introduced by the Indian government (solarrooftop.gov.in).
- Businesses can get up to 30% of the total cost of installing a solar rooftop power plant as a subsidy under the program. Businesses in India may find solar electricity more cheap as a result of this incentive.
How to Apply Online for Solar Rooftop Subsidy Yojana?
Online packages are available for the sun rooftop subsidy yojana, and the manner is as an alternative clean. all you need to do is take the actions listed below:
- Go to the authentic website.
- To get admission to the Sun Rooftop Subsidy Yojana, click on the link.
- Whole the online application is shaped with the desired records.
- Fill out the form and watch for the mare’s solution.
Solar Rooftop Calculator
Under the Solar Rooftop Subsidy Yojana (SRTSY), rooftop solar PV systems are eligible for a 30% project cost subsidy, with a maximum of ₹1.5 million per MWp (ac). A minimum system size of 1kWp (dc) is required. In order to calculate the net present value (NPV) of an investment in rooftop solar PV systems for SRTSY in India, the following calculator considers these subsidy criteria.
- System Size (kWp): _____
- Total Project Cost: _____
- Subsidy Amount: _____
- Discount Rate (%): _____
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Conclusion
For anyone interested in learning more about solar energy and its operation, SRSSY is an excellent program. This program offers financial assistance for the installation of rooftop solar systems. It also includes coverage for these systems’ upkeep and repairs. Both home and business customers are eligible for the program.
Faq’s
Q. What are the Solar Rooftop Subsidy Yojana’s primary goals?
Ans: The goal of the Solar Rooftop Subsidy Yojana was to encourage the nation to utilize solar energy. The government offers a 30% discount on the installation costs of a rooftop solar photovoltaic system under this program. Both residential and business users are eligible for this subsidy.
Q. How much of a subsidy is offered by this program?
Ans: The government offers a 30% discount on the cost of installing a rooftop solar PV system, as was previously indicated.
Q. Who may receive this subsidy?
Ans: Any Indian citizen who wants to install a rooftop solar PV system is eligible for the Solar Rooftop Subsidy Yojana. To be eligible for this assistance, there are no income requirements.
Q. How can I submit a subsidy application?
Asn: By completing an application and sending it to the closest authorized implementing agency, you may apply for the Solar Rooftop Subsidy Yojana.
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