India launches rebate scheme for residential PV
15 February 2024India’s PM Surya Ghar Muft Bijli Yojana scheme offers a subsidy of INR 30,000 ($361)/kW for residential rooftop solar systems up to 2 kW in size, and INR 18,000/kW for systems up to 3 kW. The total subsidy for systems larger than 3 kW has been capped at INR 78,000.
Indian Prime Minister Narendra Modi has announced the launch of the residential rooftop solar scheme for free electricity, PM Surya Ghar Muft Bijli Yojana.
“From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people,” said Modi. “All stakeholders will be integrated to a National Online Portal.”
The scheme offers a subsidy of INR 30,000/kW up to 2 kW, and INR 18,000/kW for additional capacity up to 3 kW. The total subsidy for systems larger than 3 kW has been capped at INR 78,000.
Related
-
Avaada to develop 3.65 GW of pumped hydro storage in India
2 May 2025
-
Europe slaps more tariffs on Chinese mobile access equipment
30 April 2025
-
Austria launches €60 million rebate program for rooftop PV in 2025
28 April 2025
-
Uganda releases $100 million to state-owned UEDCL for grid upgrade
28 April 2025
-
US imposes steep tariffs on South East Asian solar cell imports
23 April 2025
-
South Korea, UAE agree on joint pursuit of overseas nuclear power projects
23 April 2025