All About Solar

Monday, July 9, 2018

MNRE Rooftop Solar Power Plant Subsidy Scheme

Ministry of New and Renewable Energy (MNRE), Central Government is inviting application forms for the Rooftop Solar Power Plant Subsidy Scheme. Subsequently social sector and residential users can adopt solar rooftop connections and earn regular income from the power generated. Accordingly, interested users can contact their electricity providers to set up grid connections.
MNRE Rooftop Solar Power Plant Subsidy Scheme Application Form Incentives

 Application Procedure

Candidates can apply to install these rooftop connections as described below:-
  • Firstly, people have to contact their electricity providers to know the procedure and fees to install rooftop connection.
  • Subsequently, interested candidates must get an approval from the Electricity providers for installation of rooftop solar capacity panel.
  • Accordingly, then candidates have to contact solar rooftop developer to install such systems at their rooftops.
  • Afterwards, people have to intimate the successful completion of installation process to their Electricity Providers.
  • Finally, Electricity providers will carry out an inspection and gives it final approval to provide them grid interconnection.
After obtaining grid connection, people can earn money according to the amount of electricity generated through their solar rooftops.

Rooftop Solar Connection – Specifications

Specifications
Rooftop Area Required (per KW)100 sq. ft
Cost of Installation (per KW) – Without SubsidyRs. 60,000 – Rs. 70,000 (MNRE Benchmark Cost)
Cost of Installation (per KW) – After 30% MNRE SubsidyRs. 42,000 – Rs. 49,000 (Residential sector only)

Incentives 

  • Central govt. Incentives – All the people belonging to residential, institutional & social sectors who opt to install solar connections can avail subsidy of 30% on the total cost. Accordingly, MNRE will provide this subsidy through EE and REM, state nodal agency of Delhi
  • Delhi govt. Incentives – For residential users, Delhi govt. will provide Generation Based Incentive (GBI) of Rs. 2 per Unit (KWH) which is generated for the first 3 years.
  • Generation Based Incentives (GBI)-
  1. Eligibility Criteria: 1,100 to 1,500 KWh / KWp per annum
  2. Annual RevenueRs. 2,200 to Rs. 3,000 /KWp per annum
  • Other Incentives –

  1. Home Loan Scheme – To install rooftop solar connections, people can avail loans from bank at a subsidized rate.
  2. Priority Sector Lending Scheme – Under this scheme, people can take loan of up to Rs. 10 lakhs to install rooftop connections.
For more details, people can visit the official website – mnre.gov.in .

1 comment:

Days Of Lockdown said...

what is the interest rate for industrial project?