Subsidy on solar is an initiative by the Government of India to promote clean and green energy. It aims to make solar power accessible to both corporate and private sectors, helping you save money and reduce dependence on the government grid.
India Government gives about 30% Subsidy on Installation of Home Solar Panel System. Well, Cost depends on following factors: Electricity Requirement: Add up wattage of all the electrical appliances that you plan to use. Calculate how many hours per day the appliances will be used.
As per new policies, there is no provision of subsidies on off-grid and hybrid solar systems. Please Note: The solar subsidy policies vary according to state. So please confirm the subsidy rates with your State Solar Department before installing the solar system.
According to an analysis by Cornwall Insight, an energy consultancy, subsidies to the developers of wind and solar over the next two years need to be at least double this year’s record level if the government is to reach its clean power goal by the end of the decade. The London Times reports:
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As climate change accelerates and fossil fuels continue to harm the environment, governments across the globe are actively promoting solar energy. One of the most effective …
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