Installing a solar panel has seen a steady surge amongst people across Maharashtra, who are excited by the prospect of reducing their electricity bills for many years. However, the initial pricing of these panels is high for an average Indian consumer. To make the pricing more affordable, the government has initiated a cost-effective way of introducing solar subsidy in Maharashtra, which promises to slash the prices of the panels and make it an affordable investment for consumers.
Explaining What is Solar Subsidy
The government of India has come up with a lucrative subsidy on solar panel in Maharashtra and other states in India. There has been a significant relief for consumers who are now confident to spend only a fraction of what would have been an expensive proposition. With Maharashtra holding a great power generation potential, consumers can make the most of subsidy offers up for the taking.
The PM Surya Ghar Muft Bijli Yojana is the scheme by the Government of India that is responsible for providing solar subsidy in Maharashtra today. Here are some advantages of solar subsidy scheme:
- Free Electricity for up to 300 Units every Month: Installers would get an assured 300 Units of electricity free of cost under this Rooftop solar yojana Maharashtra. In turn, this could result in hefty monthly bill savings for both the consumers and reduce pressure on DISCOMs.
- Boosting ROI: With solar subsidy in Maharashtra, expect a quick ROI that would at most take about 3-5 years for an average household to get back the investment money.
- Net Metering assurance: Besides subsidy, the net metering scheme allows any excess power to be sent back to the grid. In this way, it’s a win-win situation for the installers eyeing for easy bill reduction.
- Fostering economic opportunities: People eyeing entrepreneurship opportunities can make the most of the time and go for more solar rooftop installation dealerships. Aside from just selling and installing, more economic movement with employment generation and technical expertise would be in demand for both installing and maintenance of a solar panel.
Subsidy Listing
Central Finance Assistance (CFA) is given to consumers to ensure they receive substantial payment relief when applying for subsidies. The government of India has announced a 23% increment in the CFA from the previous list of subsidies.
As a result of these initiatives, over 1 crore registrations have been confirmed for PM Surya Ghar Muft Bijli Yojana schemes. With that being said, let us have a detailed look at the total amount a person would receive under solar subsidy in Maharashtra today.
Capacity | Subsidy |
1 kW | INR 30,000 |
2 kW | INR 60,000 |
3 kW & Above | INR 78,000 fixed |
How to apply for solar panel subsidy Maharashtra?
Let us check out on how to apply for solar subsidy in Maharashtra step-by-step:
- Step 1: Visit the official site of PM Surya Ghar Muft Bijli Yojana
- Check on the “Apply for Rooftop Solar” option available on the homepage screen
- Tap on the “Registration” option and register with the state and other details that would appear on the screen.
- Enter the consumer number and tap on “Next”
- Use your mobile number and email ID and click on “Proceed”
- Carefully enter the details on the “Apply for Rooftop Solar Installation” form and upload all the necessary installed solar documents. Click on the “Final Submission” button and send the form.
- Once applied, check with the DISCOM to get the feasibility approval. Always ensure to install panels from the list of registered vendors from DISCOM.
- Once the discussion with the vendor and feasibility are checked, enter the plant details and apply for Net Metering to DISCOM.
- DISCOM would visit and inspect the Net Metering and generate a commissioning certificate from the official website.
- With the commissioning certificate in hand, submit the bank account details with a cancelled cheque in the PM Surya Ghart Muft Bijli Yojana portal.
- Expect the subsidy amount to reflect back within one month of submission.
Eligibility to Avail Solar Rooftop Yojana Maharashtra
To avail solar subsidy in Maharashtra, applicants have to fulfil the following eligibility criteria.
- Indian residents over 18 years of age.
- Annual income should be less than INR 1.5 lakhs
- Own house, with a rooftop for installing solar panels
- DISCOM verified commissioning certificate
Conclusion
Solar subsidy in Maharashtra has changed the complexion of the state consumer’s willingness to install a solar panel. With salient features and hefty subsidies, an average citizen today could afford to install solar panels and reduce their monthly electricity bills by almost 90%. With the future looking strong, Maharashtra is set to see more consumers going solar in the coming years.
Frequently Asked Questions
With solar rooftop subsidy in Maharashtra, a 3 kW solar panel in the state costs around INR 236,877.
The benefits of rooftop solar subsidy in Maharashtra include:
- Reduced initial costs for consumers to install solar panels
- Residences under the scheme would receive an assured 300 units per month free of cost.
Any Indian adult of 18 years and above falling under the income group of middle and lower class is eligible to apply for solar rooftop Maharashtra. Additionally, the person needs to have his/her own property and terrace with legal DISCOM approval.
Solar companies in Maharashtra like Freyr Energy are here to assist you with the formalities of filling up for solar subsidy.
No. You need to register with a provider who has partnered with the government to avail of the solar panel subsidy.
Visit the PM Surya Ghar Muft Bijli Yojana portal and log in using your mobile number to check the solar system subsidy in Maharashtra under your credentials.