Solar panels or photovoltaic cells are solar technology plates that absorb sun energy and generate electricity combining solar systems.
India enjoys sun energy at very much in quantity and time other than any country because of its perfect geographical location. Further, the country enjoys free shade sunlight for more than 300 days and that figure helps revolutionize the lifestyle of residents, industries, and the commercial sector at a good pace.
Considering the 21st century technology invasion, the innovation and its reception took many leads in the concept of making Indian economy higher. There is one such example is solar panels.
Solar panels give people an advantage to cut electricity costs and enjoy independent energy on their own. Also, you can earn money by selling access generated energy from this system via net metering system to the department.
In order to promote this sun-accredited energy, over the decades the government constantly encourages people to clasp the solar energy via certain solar subsidy schemes and other perks such as easy loans approval and more.
Here in this blog, we will discuss the same. Stick to this blog and continue reading to know.
Coming to the central part, both the central government and State Nodal Agency (SNAs) offer unlike and prescribe subsidies derived by the Ministry of New and Renewable Energy (MNRE) to the people who are willing to install rooftop PV systems.
this is done to intrigue people towards utilizing sun-energy using solar panels. Below is the specification of the solar subsidy scheme offered by the government.
Note* The subsidy percentage is undue and changes as per state to state.
This subsidy scheme is incorporated and drafted for institutional, residential and social sectors. However, it is not applicable to the commercial sector, industrial sector and public sector undertakings.
For example: Suppose you’re planning a solar system for home in lucknow, uttar pradesh. You heard about the solar subsidy scheme. Let’s understand the government solar subsidy scheme for uttar pradesh in detail.
In addition to the subsidy, the government willingly offers certain incentives as mentioned here. The reason behind this is to promote the willing sectors to also enjoy the solar benefits, effectively.
In the end, the current government subsidy scheme is best for the resident and institutional sector. In case you’re looking forward to solar installation. Get the best solar estimate for your home. Contact us.