Subsidy

We know that Solar Energy is the free & clean energy and it reduces the dependency of natural resources, such as Water and Coal. Government wants to install solar power in each houses through which each home’s roof will produce self-energy. Government supports financially to install solar power in residential homes.

India had target to install 40GW solar panels at residential home buildings, but India had achieved only 5GW till 2021. Indian Government has set target of 280GW solar panels by 2030 that means, installing 10GW every year. Government has taken new initiatives to install solar panels at homes, such as any customers can install solar panels by authorized vendor and the vendor follows the required procedure and claim subsidy from the government.

When we discuss about solar energy, we think about pricing of solar system and the subsidy scheme of solar panels. The government solar subsidy scheme is as follows :