A Financial Advisory Services Agreement has been signed between the New and Renewable Energy Department and International Finance Corporation (IFC) of the World Bank to set up Solar Parks in Shajapur, Agar and Neemuch after the successful establishment of Rewa Solar Project, the biggest solar power project of the country. The Shajapur Solar Park will have 500 M.W.capacity, whereas Agar and Neemuch Solar Parks will have 550 and 450 MW capacity.
Solar rooftop installations in Madhya Pradesh has also seen a huge growth in the last few years. As per the Solar Rooftop Map 2020, by Bridge to India, 313 MW solar rooftop plants have been installed in the state of Madhya Pradesh
Solar Subsidy in Madhya Pradesh – An overview
Central and/or State subsidy is provided for rooftop solar system installed in the state of Madhya Pradesh as per solar subsidy in Madhya Pradesh 2020 guidelines. The government is providing upto 40% subsidy to domestic consumers for rooftop solar panel installation in Madhya Pradesh and Bhopal. The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) is the implementing agency. It works with system integrators and beneficiaries to apply and claim subsidy for those interested.
To receive the subsidy, home owners need to engage with solar companies in Bhopal who have empanelled with the government. It is mandatory to use made-in-India solar panels to be eligible for subsidy as per the solar subsidy in Madhya Pradesh 2020 guidelines..
As per the government policy of Madhya Pradesh, consumers who install rooftop solar power panel by engaging the services of a solar company in Bhopal such as Freyr Energy can transfer additional or surplus power to the grid, which will be adjusted in the bill of the concerned consumer. Where the user or the consumer produces more power than he or she consumes during the day, the additional power is injected into the grid and will get reflected as energy credit in the bill and will be passed on to the next month. This facility can be used by installing a 'net-meter' which is a bi-directional meter. These meters will not only record power taken for consumption but also record the power sold or given by the consumers into the system.
About Freyr Energy - Overview
Freyr Energy is one of leading solar companies in India offering residential solar solutions pan-India with key focus in Madhya Pradesh. Freyr Energy has
- 1,500+ solar power systems installations across India for both residential and commercial customers
- Launched SunPro+ mobile app to make it easier for homeowners and businesses to transition to solar power
- Empanelled to provide subsidised Solar installations in Madhya Pradesh, Telangana, Puducherry, New Delhi, and Assam