The residential sector is increasingly seeing the shift towards the adoption of solar energy to meet electricity needs. Various government initiatives are aiming to support the same and are encouraging to shift to solar. Incentives and subsidies are a great motivator to choose solar solutions for homes and businesses alike.

Under the PM Solar Yojana, one can get a subsidy for solar panel solutions for residential installations. PM Surya Ghar Muft Bijli Yojana offers a subsidy of up to INR 78000 to encourage households to embrace renewable energy. Beyond financial aid, these schemes also focus on empowering people to reduce dependence on conventional power grids and take a step towards self-sufficiency in energy production.

Let’s look into how the PM solar yojana aids in getting subsidized solar panel solutions, what the benefits are, how to apply for the PM solar yojana online, who can apply for PM solar yojana, and a lot more other details.

How solar panel subsidy can impact the installation cost?

Solar panel subsidy under the PM solar yojana scheme offers reduced installation cost for households for solar installations. This PM solar yojana aims to encourage the green energy adoption and work towards achieving lower carbon footprints to make electricity affordable and rewarding.

By significantly reducing the installation costs, the solar panel subsidy programme under PM Solar Yojana empowers households to achieve energy independence. On a broader scale, it drives progress toward a green economy and accelerates advancements aligned with national energy goals, supporting a more sustainable and eco-friendly future.

What is PM Solar Yojana?

The PM Surya Ghar Muft Bijli Yojana will be executed by the National Programme Implementation Agency (NPIA) at the national level, while State Implementation Agencies (SIAs) will oversee its implementation at the state level. The Distribution Utility (DISCOMs) or the respective Power/Energy Departments will act as the designated SIAs in each State or Union Territory.

As part of the PM Solar Yojana, DISCOMs are tasked with several key responsibilities to promote the adoption of rooftop solar systems. These include ensuring the availability of net meters, conducting timely inspections, overseeing the commissioning of installations, managing vendor registrations, and coordinating with various departments for the solarization of government buildings.

PM Solar Yojana provides substantial subsidies to encourage rooftop solar installations. Households can receive a subsidy of 60% of the system cost for solar units with up to 2kW capacity. For systems between 2kW and 3kW capacity, an additional subsidy of 40% of the system cost is offered. Under the PM Solar Yojana, the subsidy is capped at a maximum capacity of 3kW, making it an attractive incentive for residential solar adoption.

Under the PM Solar Yojana, the following subsidies are granted:

Who can avail of solar panel subsidy in India under PM Solar Yojana?

Eligibility criteria to get subsidy under PM Solar Yojana in India:

• 3kW● The household must be an Indian citizen.

• 3kW● The household must own a house with a roof suitable for installing solar panels.

• 3kW● The household must have a valid electricity connection.

• 3kW● The household must not have availed of any other subsidy for solar panels.

Central Financial Assistance (CFA) for Residential Rooftop Solar Under PM Solar Yojana

Under the PM Solar Yojana, households can apply for the subsidy through the National Portal, which simplifies the process. The portal enables households to select suitable vendors for installing rooftop solar systems and provides tools such as benefits calculators, system size recommendations, and vendor ratings. Additionally, households can access collateral-free loans at a low-interest rate for installations of residential rooftop solar systems with capacities up to 3 kW.

Calculate Your Solar Savings!

What are the steps to avail the subsidy under the PM Solar Yojana in India?

To avail the solar subsidy under the PM Solar Yojana in India, the following steps need to be followed:

Step 1: Visit the official website of PM Surya Ghar Muft Bijli Yojana.

Step 2: Provide the following details for registration:

• 3kW● Select your State.

• 3kW● Select your Electricity Distribution Company.

• 3kW● Enter your Electricity Consumer Number.

• 3kW● Enter your Mobile Number.

• 3kW● Enter your Email. Follow the directions given on the PM Solar Yojana portal.

Step 3: Log in with your Consumer Number and Mobile Number.

Step 4: Apply for the Rooftop Solar through the application form on the PM Solar Yojana portal.

Step 5: Fill out the online application form.

Step 6: Wait for feasibility approval from DISCOM. Once approved, install the solar panels using one of the registered vendors listed under the PM Solar Yojana.

Step 7: After installation, submit the plant details and apply for a net meter.

Step 8: Once the net meter is installed and inspected by DISCOM, they will generate a commissioning certificate via the PM Solar Yojana portal.

Step 9: Upon receiving the commissioning report, submit your bank account details and a canceled cheque through the PM Solar Yojana portal. The subsidy amount will be credited to your bank account within 30 days.

Go Solar and Save Your Electricity Bills with Truzon Solar

With over 16 years of expertise in delivering top-notch solar solutions and a community of 2 lakh satisfied customers, Truzon Solar is your trusted partner for sustainable energy. Backed with expert in house installation, engineering, and design team, we offer a seamless installation experience. Say goodbye to skyrocketing energy costs and hello to reliable savings. Join the Truzon Solar family today and invest in a brighter, cleaner future!

FAQ

1. What is the purpose of the Solar Panel Subsidy in India?

The purpose of the solar panel subsidy under the PM Solar Yojana is to encourage households to adopt solar energy. Supported by various government initiatives, the PM Solar Yojana offers attractive incentives to make solar panel installations more affordable and accessible for residential use.

2. What is the subsidy for a 3KW Solar Panel?

Under the PM Solar Yojana, the subsidy for a 3KW solar panel is INR 78000/-. This financial assistance significantly reduces the cost of adopting rooftop solar energy for residential purposes.

3. Does the Indian government give subsidies for solar panels?

Yes, the Government of India has introduced multiple subsidy schemes to promote solar energy adoption. These include the PM Solar Yojana under PM Surya Ghar Muft Bijli Yojana, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, and the New Solar Power Scheme for PVTG Habitations/Villages under PM JANMAN. Among these, the PM Solar Yojana is a key initiative aimed at empowering households with affordable solar solutions.

4. How to apply for PM Surya Ghar Muft Bijli Yojana?

To apply for the Rooftop Solar Scheme under the PM Solar Yojana, visit the official PM Solar Yojana portal. Click on the 'Apply for Rooftop Solar' button and follow the instructions provided. The process ensures a seamless application experience for beneficiaries.

5. What bank details are required for the release of subsidy through the National Portal?

After DISCOM provides the commissioning/completion report via the PM Solar Yojana portal, the following bank details must be submitted to claim the subsidy:

• 3kW● Name of the beneficiary

• 3kW● Account number

• 3kW● Bank name

• 3kW● IFSC code

• 3kW● A scanned copy of a canceled cheque uploaded to the PM Solar Yojana portal

Contact Truzon Solar