Madhya Pradesh is blessed with good sources of renewable energy sites, and there are incentives by the state and central government to make the best use of them. As per MNRE, the State has a solar energy potential of ~62 GW, wind energy potential of ~11 GW, biomass energy potential of ~4 GW, and a small hydro potential of 820 MW. The government of Madhya Pradesh with its Renewable Energy Policy 2022 is planning to reap the potential of the state’s sources to its favor.

Eligibility for Solar Panel Subsidy in MP

• - Solar panel subsidy in MP is available exclusively for residential property owners. Non-residential sector buildings are not eligible.

• - Made in India photovoltaic cells are eligible for subsidy on solar panels.

• - The subsidy is applicable to on-grid solar systems without battery backups.

• - If you wish to avail of subsidy on solar panels in MP you must choose MNRE-registered vendors.

Solar panel subsidy in MP under various schemes is available under both state and central government assistance programs.

Renewable Energy Policy Target

• - Investment of INR 15,000 Crore by 2024 and INR 50,000 Crore by 2027 in the Renewable Energy generation sector in the State.

• - Investment of INR 4,000 Crore by 2024 and INR 10,000 Crore by 2027 in RE equipment manufacturing sector.

• - Twenty percent (20%) RE in the State’s energy mix by FY 2024, thirty percent (30%) by FY 2027 and fifty percent (50%) by FY 2030

• - Development of ten thousand (10,000) MW renewable energy technology-based park/ RE hybrid park under GoI/ GoMP schemes by FY 2027.

• - Four thousand (4000) MW renewable energy projects for exporting power outside the State by 2024 and ten thousand (10,000) MW by FY 2027.

Solar Panel Subsidy in MP: Various initiatives and programs

1. PM Surya Ghar Muft Bijli Yojana

This initiative is taken by the central government to offer solar panel subsidy in MP for residential rooftop solar installations. There are a lot of benefits of solar panel subsidy in MP for the household sector right from reducing the electricity bill to zero to increased home value to the reduction of the installation cost of the solar panels.

Consumers installing rooftop solar solutions benefitted up to INR 78000 for a 3kW solar system due to solar panel subsidy in MP under PM Surya Ghar Muft Bijli Yojana.

Subsidy on solar panels in MP rates under the Rooftop Solar Programme Phase II:

Solar Cost Calculator

A Step-by-step guide to getting solar panel subsidy in MP

• - Sign up on the National Portal for Rooftop Solar using your mobile number and email.

• - Fill out the subsidy application form with your solar installation and bank details for the subsidy transfer.

• - Your local DISCOM will assess the suitability of your rooftop for solar installation and approve it.

• - Once approved, select an MNRE-authorized vendor to install your solar system.

• - After installation, a DISCOM official will inspect the system and install a net meter to track energy usage.

• - Once everything is approved and the net meter is installed, the subsidy amount will be transferred to your bank account within 30 days.

2. MP Mukhyamantri Solar Pump Yojana

Under this scheme of offering solar panel subsidy in MP, priority will be given to farmers in the state who lack access to electricity, don’t have permanent connections to agricultural pumps, and farms that are too far apart for electricity. The beneficiary’s farm has to be 300 meters away from the line or close to rivers and dams where abundant water is available. The government will install solar pumps under this scheme offering solar panel subsidy in MP.

Must haves to get solar panel subsidy in MP:

• The candidate must reside in Madhya Pradesh permanently
• The application must be introduced with a Kisan card
• Aadhar Card, Land documents, Residence Certificate
• Mobile Phone
• Passport Size Photo

3. State government initiative for subsidy on solar panels in MP

MPMKVVCL offers a solar panel subsidy in MP to encourage the adoption of renewable energy. This subsidy helps reduce the cost of installing solar panels for homes and group housing customers, making it easier to switch to clean, sustainable energy.

How to apply subsidy on solar panels in MP under state government?

Why choose Truzon Solar for solar rooftop installation in Madhya Pradesh?

If you are planning to install solar panels in your homes in MP, Truzon Solar is your trusted MNRE-approved vendor with over 16+ years of expertise in rooftop installations. Our seasoned professionals offer unparalleled support throughout the installation and post-installation journey. Our in-house installation, engineering, and service team focus on bringing the best to you always. We are your trusted partners for availing solar panel subsidy in MP state and give you excellent service 24/7.

Ready to avail of solar panel subsidy in MP? Contact Truzon Solar to schedule your site visit today!

Schedule your site visit today!

Frequently asked questions on availing solar panel subsidy in MP

1. Is there any subsidy on solar panels in Madhya Pradesh?

The central and state governments have rolled out initiatives for providing subsidy on solar panels in MP under schemes like PM Surya Ghar Muft Bijli Yojana, Mukhyamantri Solar Pump Yojana, and others.

2. How to apply for a solar subsidy in Madhya Pradesh?

To apply for solar panel subsidy in MP you can visit the national rooftop solar portal and register yourself and give the details as asked.

3. Is there any subsidy limit for the installation of solar panels?

The solar panel subsidy rates in India are as follows:

• Systems up to 3 kW : A subsidy of ₹18,000 per kilowatt is available, which can cover up to 40% of the total
• Above 3 kW and up to 10 kW :A subsidy of ₹9,000 is available per kilowatt.
• More than 10 kW : Generally subsidy rates in this category are lower or in some cases not available.

4. How do the solar panel subsidies in MP benefit homeowners?

Solar panel subsidy in MP benefit homeowners in the form of reduced electricity bills, increased home value, energy independence, and free electricity for 25 years due to the longer life span of the solar panels.

5. What is the cost of solar panels in MP after subsidy?

The average estimated cost for a 3 kW solar panel in MP after subsidy is around INR 140000 - 165000. The cost of solar panels depends on various other factors as well.

6. How long does it take to get a solar subsidy in MP?

The solar panel subsidy in MP is usually credited to the account within 30 days of inspection and net metering.