Once we talk about about photo voltaic vitality, then we take into consideration pricing of photo voltaic system, after which after the subsidy scheme of photo voltaic panels. Let’s right this moment we learn about authorities photo voltaic subsidy scheme & process of every states of India. Once I begin to write this info, then I mentioned with many photo voltaic trade consultants and analysis self about it. I used to be unable to seek out the next info:
- How can I get subsidy on photo voltaic?
- The place can I apply for photo voltaic subsidy?
- Who’s the fitting individual of this scheme?
- How a lot can I get subsidy quantity?
- How a lot does photo voltaic subsidy quantity of photo voltaic system in every states?
What’s the which means of Photo voltaic Subsidy?
We all know that Photo voltaic Vitality is the free & clear vitality and it reduces the dependency of pure assets, reminiscent of Water and Coal. Authorities desires to put in solar energy in every homes via which every house’s roof will produce self-energy. Authorities helps financially to put in solar energy in residential houses.
Why Authorities provides Photo voltaic Subsidy?
India had goal to put in 40GW photo voltaic panels at residentail house buildings, however India has achived solely 5GW until 2021. Indian Goverment units goal 280GW photo voltaic panels by 2030 which means, yearly needs to be set up 10GW yearly. Authorities has taken new intitives to put in photo voltaic panels at houses, reminiscent of any clients can set up photo voltaic panels by any photo voltaic supplier / distributors / firm, installers and after putting in they may ship photo voltaic panel set up picture to the closest electrical energy board.
Subsidy Advantages
There are three events concerned within the course of: 1. Prospects, 2. Channel Companions, and 3. DISCOMS.
#1. Buyer Advantages
The subsidy is simply out there on Residential Houses (Particular person Houses & Massive Flats), not industrial and industrial sectors. A photo voltaic subsidy is simply out there on Grid Linked Photo voltaic System (With out Battery System). As putting in a photo voltaic system is a big funding, the monetary help motivates individuals to take a position and takes some burden off their shoulders.
| System Capability (kW) | Photo voltaic Subsidy (in %) |
| 1kW to 3kW | 40% |
| 4kW to 10kW | 20% |
| Greater than 10kW | No subsidy |
Owners can solely set up a photo voltaic system and declare subsidy via the state DISCOM. They will share buyer particulars and register the closest channel associate. You’ll find all states DISCOMS from right here.
In case you set up photo voltaic system although subsidy scheme, the photo voltaic set up firm will present 5 years of efficiency guarantee, then after you’re self liable for your photo voltaic system.
This subsidy will not be out there for industrial and industrial clients as a result of they’ll avail different advantages like accelerated depreciation, tax holidays, excise obligation exemptions.
#2. Channel Companion Advantages
Channel Companions profit from a bigger buyer base and extra enterprise. It’s troublesome for a standard individual to determine the processes of getting the subsidy although he very a lot wishes it. It’s now that the channel associate comes into the image. He tries to work with the client and the federal government departments and expedite the method of getting a subsidy for the client.
#3. DISCOMS Advantages
Energy consumption calls for cut back in residential sectors they usually can provide extra in industrial space. We all know that Industrial areas want extra electrical energy than residential.
The client is pleased as he acquired his monetary assist, the channel associate is pleased as he acquired a brand new buyer and the federal government is pleased too as it’s one step nearer to its photo voltaic goal set up.
Subsidy Demerits
Let’s see some demerits of subsidy scheme:
#1. Buyer’s Demerits: I believe, there are 2 main demerits, if we set up photo voltaic system via authorities subsidy scheme.
- Much less Guarantee: In case you set up photo voltaic system via authorities photo voltaic subsidy scheme, then you’re going to get full system guarantee is 5 years. You’ll be change an inverter after 5 – 7 years.
- No Choice for High Manufacturers – In case you set up photo voltaic system via this scheme, then you definately can’t drive desired photo voltaic panel & inverter manufacturers, reminiscent of Loom Photo voltaic, Luminous, Microtek, Exide, Enphase, Photo voltaic Edge, and so on.
#2. Channel Companion’s Demerits: As per dialogue with trade consultants, they face the next issues:
- Massive Funding
- Not Assurity of Returning Subsidy Quantity from DISCOMs after giving subsidy quantity
- System Service & Guarantee for subsequent 5 years
Photo voltaic Panel Subsidy Price Estimation
Benchmark price of grid related photo voltaic system by MNRE, in 2022:
| System | Benchmark Price (₹/W) |
| 1kW | ₹51.10 |
| Above 1kW to 2kW | ₹46.98 |
| Above 2kW to 3kW | ₹45.76 |
| Above 3kW to Upto 10kW | ₹44.64 |
| Above 10kW and Upto 100kW | ₹41.64 |
| Above 100kW and Upto 500kW | ₹39.08 |
when you’ve got deliberate to put in photo voltaic system with newest know-how product so common price is Rs. 60,000 per kw throughout India however value differs little bit state to state additionally. That is common value with out subsidy which incorporates product price, set up price, service price for five years with web metering facility.
| System | Govt. Subsidy | Buyer Value |
| As much as 3kW | 40% | |
| Above 3kW to Upto 10kW | 20% | |
| Above 10kW | 0% | |
| Price of 3kW Photo voltaic System | With out Subsidy | 1,80,000 |
| Buyer Payable Quantity | With Subsidy (- Rs. 72,000) | 1,08,000 |
| Price of 5kW Photo voltaic System | With out Subsidy | 3,00,000 |
| 3kW | 40% Subsidy (3*24,000) | -72,000 |
| 2kW | 20% Subsidy (2*12,000) | -24,000 |
| Buyer Payable Quantity | With Subsidy (-96,000) | 2,04,000 |
| 5kW – Technology | Advantages | Models – Rs. 7.5/U |
| Each day Genration | 25 Models | 187 |
| Monhtly Genration | 625 Models | 4687 |
| Yearly Technology | 7,500 Models | 56, 250 |
| Lifetime Technology | 1,87,500 Models | 14,06,250 |
| Return on Funding | 3.6 years | |
| Revenue | 6.89X | |
| Set up Space | ||
| 1. | Mono Perc | 500 sq.ft. |
| 2. | Shark 440W – 540W | 300 sq.ft. |
Each central and state supply subsidy schemes to individuals for putting in photo voltaic rooftop techniques. The central authorities pays a 30% subsidy for these techniques to states basically classes. For particular states like states reminiscent of Uttarakhand, Sikkim, Himachal Pradesh, Jammu & Kashmir and Lakshadweep, subsidy of as much as 70% is given by the central authorities.
To avail subsidy, the common price of set up of rooftop PV system with out subsidy needs to be round Rs 60,000 – 70,000. In an effort to avail generation-based incentive, the client ought to generate 1100 kWh – 1500 kWh per yr.
An individual who’s fascinated with getting a subsidy must comply with some protocols. He should contact their electrical energy supplier (or could even apply on-line with vital documentation) who will go to the set up web site for a assessment and provides approval. Then the electrical energy supplier visits for inspection. Prospects can then avail the subsidy quantity.
Tips on how to Confirm Approved Distributors/Channel Companions by DISCOMS?
I’m sharing few guides to confirm approved distributors/channel companions that you would be able to contact them. You must go to in your DISCOM web sites and search approved channel companions checklist in your space after which contact them.
Photo voltaic System Price as Per MNRE Price
Authorities has revised photo voltaic system value yearly. We’re sharing with you on your reference. Likely, you’re going to get comparable photo voltaic system value via photo voltaic subsidy.
Photo voltaic Panel Subsidy Scheme in India 2022
#1. Photo voltaic Panel Subsidy in Uttar Pradesh
Uttar Pradesh is without doubt one of the largest and most backward states in India however with excessive photo voltaic radiation. The state is trying to arrange photo voltaic parks in several elements of the state on authorities land. UP has the seventh-largest put in rooftop solar energy era capability in India.
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#2. Photo voltaic Panel Subsidy in Kerala
For group housing society tasks and residential welfare associations, with a capability as much as 500 kW, the middle will present a subsidy of 20%. If a buyer needs to put in the plant investing the entire quantity, they’ll select to avail as much as 40% of plant price as subsidy.
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#3. Photo voltaic Panel Subsidy in Maharashtra
The photo voltaic undertaking subsidy in Maharashtra is managed by MEDA. Maharashtra’s put in photo voltaic vitality capability now accounts for greater than 1800 MW and rooftop photo voltaic is close to 230 MW. It has the fourth-highest put in rooftop solar energy era capability throughout the nation. The state is strengthening its coverage of offering monetary help for utilizing photo voltaic vitality in cottage and micro industries.
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#4. Photo voltaic Panel Subsidy in West Bengal
West Bengal is a pioneer in photo voltaic know-how in India. Authorities-owned WEBEL was one of many first producers of photo voltaic vitality panels within the nation. It’s obligatory for all giant housing societies in West Bengal, (having a complete contract demand of greater than 500 kW) to put in photo voltaic rooftop techniques to satisfy a minimal of 1.5% of their complete electrical load by photo voltaic vitality. The subsidies are relevant as per SECI tips.
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#5. Photo voltaic Panel Subsidy in Bihar
Photo voltaic Trade की बढ़ती ग्रोथ को देख कर इंडिया क हर स्टेट में सोलर पर सब्सिडी की सुविधा उपलब्ध है | हर राज्य में एक Authorities Web site है, जहाँ पर सोलर सब्सिडी की Info दिए हुआ रहता है | 99% लोगो को यह पता नहीं होता है कि सब्सिडी मिलेगा कैसे और कितना मिलेगा ?
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#6. Photo voltaic Panel Subsidy in Haryana
To avoid wasting and assets for the long run era, of Haryana (Division of Renewal Vitality) has began an electrical energy saving undertaking referred to as as Photo voltaic Rooftop Energy Plant. Beneath this scheme, offers Photo voltaic System Plant to each Residential, Institutional, Social Sector, Non-public, and Industrial & Industrial Sector throughout state.
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#7. Photo voltaic Panel Subsidy in Madhya Pradesh
मध्य प्रदेश सरकार ने नवीन एवं नवकरणीय ऊर्जा मंत्रालय, भारत सरकार के मार्गदर्शन में राज्य में आवासीय क्षेत्रों में सौर ऊर्जा के प्रसार के लिए व्यापक स्तर पर योजनाएं तैयार कर लोगों को स्वच्छ एवं हरित ऊर्जा की तरफ लेकर जाने का प्रयास किया है। सरकार का प्रयास है कि जितना अधिक लोग सौर ऊर्जा की तरफ जाएंगे उतना ही राज्य शासन के संसाधनों का बेहतर उपयोग होगा और घरेलू खपतकर्ताओं को आर्थिक लाभ भी होगा।
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#8. Tips on how to apply for photo voltaic subsidy in Madhya Pradesh?
The federal government introduced a 40% subsidy for as much as 3 kW system however it was troublesome to get as a result of unavailability of funds through the pandemic. It’s out there for residential householders who set up on-grid photo voltaic techniques. It’s supplied by the state DISCOM firm after submitting the whole set up paperwork on their portal.
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#9. Tips on how to apply for photo voltaic subsidy in Andhra Pradesh?
The federal government introduced a 40% subsidy for as much as 3 kW system however it was troublesome to get funds as a result of pandemic. The subsidy is offered for residential householders who set up on-grid photo voltaic techniques. It’s supplied by the state discom firm after submitting the whole set up paperwork on their portal.
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10. Tips on how to apply for photo voltaic subsidy in Rajasthan?
The federal government introduced a 40% subsidy for as much as 3 kW system however it was troublesome to get funds as a result of pandemic. The subsidy is offered for residential householders who set up on-grid photo voltaic techniques. It’s supplied by the state discom firm after submitting the whole set up paperwork on their portal.
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11. Tips on how to get photo voltaic subsidy in Jharkhand?
The federal government introduced a 40% subsidy for as much as 3 kW system however it was troublesome to get funds as a result of pandemic. The subsidy is offered for residential householders who set up on-grid photo voltaic techniques. It’s supplied by the state discom firm after submitting the whole set up paperwork on their portal.
Learn extra…
12. Tips on how to get photo voltaic subsidy in Bihar?
The federal government introduced a 40% subsidy for as much as 3 kW system however it was troublesome to get funds as a result of pandemic. The subsidy is offered for residential householders who set up on-grid photo voltaic techniques. It’s supplied by the state discom firm after submitting the whole set up paperwork on their portal.
