365Telugu.com online news, November 14th,2024: The PM Free Solar Yojana is a government initiative designed to encourage the adoption of solar energy in India. As part of this program, the government has now doubled the subsidy for installing solar panels, making it more affordable than ever before.
What is the Objective of Doubling the Subsidy?
The primary goal of this scheme is to provide affordable and eco-friendly electricity to households across India. The government aims to install solar panels in 1 crore homes, helping to reduce dependency on conventional power sources and promoting sustainable energy solutions.
Under this scheme, subsidies are available for solar systems ranging from 1 kW to 10 kW in capacity. These systems allow families to generate their own electricity and even feed excess power back into the grid, significantly reducing their electricity bills.
Who is Eligible for the PM Free Solar Yojana?
The scheme is primarily targeted at:
Families below the poverty line (BPL).
Middle-class families seeking affordable electricity solutions.
To avail the subsidy, here are some basic requirements:
Space Requirement: For a 1 kW solar system, you need at least 10 square meters of roof space.
Electricity Bill: You must have a valid electricity bill with your consumer number.
Registered Solar Vendors: Solar systems and equipment must be purchased from registered vendors in your state to ensure eligibility for the subsidy.
How the Double Subsidy Works
Let’s take an example: If you wish to install a 2 kW solar system, which costs ₹1,20,000, the subsidy breakdown is as follows:
Central Government Subsidy: ₹60,000
State Government Subsidy: ₹34,000
Total Subsidy: ₹94,000
This means the final cost to you will only be ₹26,000, which represents a 78% subsidy on the total cost.
Here’s a breakdown of the subsidy for different system capacities:
Solar System Capacity Central Government Subsidy State Government Subsidy Total Subsidy
1 kW ₹30,000 ₹17,000 ₹47,000
2 kW ₹60,000 ₹34,000 ₹94,000
3 kW ₹78,000 ₹51,000 ₹1,29,000
How to Apply for the Double Subsidy
Visit the Official Portal: Go to the National Portal for Rooftop Solar at pmsuryaghar.gov.in.
Contact a Registered Vendor: Choose a registered solar vendor in your state.
Fill Out the Application: Complete the application form on the portal.
Verification: A concerned officer will verify your application details.
System Installation: Once your solar system is installed, net metering will be set up, enabling you to send excess electricity back to the grid.
Subsidy Credit: After the installation, the vendor will upload the details on the portal, and the subsidy amount will be credited to your account.
Benefits of Installing Solar Panels
Free Electricity: By using solar panels, you can get up to 300 units of free electricity each month.
Lower Bills: The electricity generated by your solar panels will significantly reduce your monthly electricity bills.
Long-Term Investment: Solar systems typically last for 25 to 30 years, ensuring long-term savings on electricity costs.
If you’re struggling with high electricity bills, solar panel installation is an excellent solution. With the government’s doubled subsidy, it’s now even more affordable to switch to solar energy and enjoy the benefits of free electricity.