One of the solar promotion schemes of the Indian government is the Pradhan Mantri Solar Rooftop Yojana. The solar roof yojana helps consumers build their own electricity source. Unlike conventional grids, this solar energy is reliable and continuous. It helps them reduce their dependence on the traditional grid. It also reduces their electricity bills, allowing consumers to save a huge amount throughout the years. Consumers also feel product by contributing their part to sustainability causes.
The government has set a target to raise India’s renewable energy capability up to 500 GW gigawatts by 2030. The project counts solar energy as the main source of reaching this capacity.
Let’s find out how Solar Rooftop Yojana benefits residential users in multiple ways.
What is the Solar Rooftop Yojana
Here are the objectives of solar rooftop subsidy yojana. Let’s also learn how the government tries to make it accessible for all.
The Solar Rooftop Yojana is designed to resolve several issues. These are:
- Make solar energy accessible to all.
- Reduce dependency on electricity produced from fossil fuels.
- Save foreign exchange by reducing the imports of crude oil.
- Normalise the alarming pollution levels by implementing more and more renewable energy sources.
The government runs many promotional activities to spread awareness of solar energy benefits. Through the Solar Rooftop Yojana, the government offers solar subsidies, allowing residents to offset a major chunk of the total installation cost. The central government solar subsidy is applicable nationwide, while the state solar subsidy is limited to a few states.
The government has formed the Ministry of New and Renewable Energy (MNRE), which frames guidelines and quality parameters for solar installation companies.
In addition, the government continuously works to increase the capacity of renewable energies across India, by opening solar parks and other renewable energy sources in various cities.
Key Benefits of the Solar Rooftop Yojana
The rooftop solar yojana offers several benefits. Let’s look at those.
a. Cost Savings
The pm solar rooftop yojana reduces electricity bills significantly. How? Consumers can sell their additional energy to the state’s DISCOM company and offset a major chunk of their electricity bills. The energy saved per month accumulates to a huge sum over the years. It helps residents cover the solar installation investment amount much earlier and enjoy free electricity for the remaining years. Solar panels last for about 25 years. If homeowners can cover the initial investment within 5 years, they can avail free solar energy for the remaining 20 years.
Suppose your monthly bill is Rs. 1500/-. If you install a 2 kW solar system, you can generate 2880 units per annum and save Rs. 20K annually. A 2 kW solar system costs you Rs. 1.45 lakhs to 1.50 lakhs. Deduct the subsidy amount of Rs. 60,000. The final price of the system arrives at Rs. 85K to 90K. Saving 20K every year helps you save 80K within a span of four to five years. After that you enjoy free solar energy, accumulating more profits.
b. Access to Subsidies
The government offers subsidy for solar rooftop installations. It relieves the consumers from paying a hefty upfront cost, as the government bears a major part of the installation cost. The subsidy encourages consumers to adopt solar energy sans hesitation and switch to solar systems at an affordable price.
The central government’s solar rooftop subsidy yojana offers a subsidy of Rs. 30K for 1 kW solar system capacity, Rs. 60K for 2kW and Rs. 78K for 3kW and above up to 10kW. The subsidy amount is capped at Rs. 78K for systems above 3kW to 10kW.
c. Energy Independence and Reliability
Over the years, it has been observed that conventional energy sources are unreliable and costly. In addition, it is costly for the suppliers, distributors and ultimately for the consumers too.
Solar energy unlike traditional energy does not require fossil fuels to produce electricity. It uses sunlight, which is free. Solar energy systems work continuously to absorb sunlight and convert it to electricity during the day. Consumers can store this energy in batteries, so they can use electricity without any interruption. There’s no impact on solar energy during power breaks or shutdowns, which is frequent in the case of the conventional grid. Hence, solar power reduces the dependency on conventional grid electricity sources.
This quality of solar energy proves to be a boon for rural areas where power outages are common. For rural areas, a continuous power supply helps agro tasks be done efficiently and quickly, which can boost agro production. For areas with frequent power breaks, continuous solar electricity can help industrial units or factories to manufacture their products without any hindrance.
d. PM Rooftop Yojana Environmental Impact
As mentioned earlier, rooftop solar yojana helps build solar installations that produce electricity from sunlight. Solar energy produces energy from sunlight and no fossil fuels are used while converting sunlight to electricity. Therefore, solar systems do not release toxic gases and do not pollute the air. Therefore solar installations help in reducing carbon emissions and keep the air clean, which is beneficial for the health of overall living beings.
Today, we are on the verge of extreme pollution and alarming global warming levels. The non-controlled population has resulted in a surge in energy demands, which has raised the pollution levels to hazardous levels. Therefore, it’s the need of the hour to switch to renewable energy for all.
Conclusion
Solar rooftop yojana has a great impact on the consumers’ lives. It helps them save on electricity bills, create a reliable electricity source and support sustainability by implementing solar energy systems.
Investing in solar energy systems is a smart move today. You get the government subsidy for solar rooftop that saves your hard-earned money. With a payback period of 5 years or less, you can enjoy solar energy for free for about 20 to 22 years.
For more information visit Fryer Energy’s website to learn more about solar systems and government subsidies. Or contact Fryer Energy today to start your solar journey soon.
Frequently Asked Questions
The Pradhan Mantri Solar Rooftop Yojana is a scheme of the Government of India that helps residents adopt solar energy. Through this scheme, the government offers attractive subsidies in the form of financial incentives to encourage residents to switch to solar energy and install solar systems on their rooftops.
You can apply for the Solar Rooftop Yojana by visiting the website of PM Surya Ghar Muft Bijli Yojana and completing all the formalities by uploading your details and other information as requested by the authorities.
Currently, the scheme aims to equip 1 crore middle-income households. Those residents who haven’t availed any other government subsidy are eligible.
The Solar Rooftop Yojana comes with many benefits. Reduced electricity, reliable energy sources and contribution to a sustainable environment are some of the few benefits. Other benefits include property appreciation and after the payback period free electricity till the solar panels last, which is about 25 years.
The cost of a solar rooftop system depends on system capacity, components and solar panel quality and efficiency and government subsidy. Please find the prices for solar systems sorted as per their capacity.
- 1 kW: Price- Rs.1,00,000 to 1,20,000. Subsidy: Rs. 30,000. Final Price = Rs. 70,000 to Rs. 90,000.
- 2 kW: Price- Rs. 1,50,000 to 1,70,000. Subsidy: Rs. 60,000. Final Price = Rs. 90,000 to Rs. 1,10,000.
- 3 KW: Price- Rs. 2,20,000 to 2,40,000. Subsidy: Rs. 78,000. Final Price = Rs. 1,42,000 to Rs. 1,62,000
