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Solar Power Subsidy Scheme 2024

The central government has launched the Pradhan Mantri Surya Ghar Yojana in 2024 to provide subsidies on solar power systems for homes. This scheme aims to promote the use of solar energy, reduce electricity bills, decrease pollution levels, and boost employment. Under this, subsidies will be provided for installing rooftop solar panels in rural and urban households.

Solar Power Subsidy Scheme 2024 - PM Surya Ghar Yojana

Introduction

India aims to increase its renewable energy capacity to fight climate change and provide affordable power access. Solar energy is a top priority in this plan. The PM Surya Ghar Yojana complements initiatives like the Solar City Plan and Solar Park Scheme. It offers financial support to families across India to install rooftop solar systems. This subsidy on solar power will encourage clean energy adoption at the grassroots. It will also help citizens save on costly grid electricity.

Key Features

The PM Surya Ghar Yojana 2024 has the following main features:

  • It provides subsidies on rooftop solar panel systems to households
  • Covers rural and urban areas across India
  • Central subsidy transferred directly to beneficiary accounts
  • Aim to install rooftop solar on 1 crore houses
  • Budget allocation of over Rs. 75,000 crores
  • Monthly savings on electricity bills via solar power
Scheme PM Surya Ghar Yojana
Launch Year 2024
Focus Area Rooftop Solar
Benefits Subsidy on panels, Lower bills
Budget Over Rs. 75,000 crores
Targets 1 crore rooftop solar installations

Objectives

The main objectives of the PM Surya Ghar Yojana 2024 are:

  • Promote solar rooftops to boost domestic clean energy
  • Reduce monthly electricity bills of households
  • Improve incomes and employment in solar sector
  • Cut down air and noise pollution levels
  • Support climate change action and sustainability
  • Decrease load on conventional power plants

The scheme aims to realize India's renewable energy goals and benefit individual homes financially. Solar power adoption will reduce fossil fuel use and pollution. It will also create jobs in manufacturing, installation and maintenance of solar systems.

Eligibility and Subsidy

The PM Surya Ghar Yojana eligibility criteria are as follows:

  • Family income limit is Rs. 1.50 lakhs per annum
  • Households without a government employed member
  • Housing units across India - urban and rural
  • Subsidy applicable for rooftop solar installation only

The scheme provides a subsidy on the total cost of rooftop solar systems as per this structure:

System Cost Central Subsidy
Up to Rs. 48,000 40%
Rs. 48,001 to Rs. 1 Lakh 32%
Rs. 1 to 2 Lakhs 24%
Rs. 2 to 3 Lakhs 20%

This subsidy amount will be transferred directly to beneficiary accounts for ease of use. It can significantly reduce the solar system costs borne by households.

How to Apply

Eligible households can apply for the PM Surya Ghar Yojana 2024 subsidy in the following way:

  1. Visit the scheme's official website https://pmsuryaghar.gov.in
  2. Click on the 'Apply for Rooftop Solar' link
  3. Fill in required personal and residential details
  4. Enter electricity board and account number
  5. Upload scanned copies of documents
  6. Submit the application form online
  7. Download and save the application receipt

The required documents are Aadhar card, address proof, income certificate, electricity bill, and bank passbook. Candidates must provide accurate details for smooth processing and approval.

Implementation

The Ministry of New and Renewable Energy is the nodal ministry implementing the PM Surya Ghar Yojana. It will coordinate with state electricity boards, solar agencies and beneficiaries across India. The scheme aims to cover 1 crore houses in its initial phase. This will be a significant boost to solar capacity and help India meet its climate goals.

The scheme allows customized rooftop solar solutions as per consumer needs. The subsidy will lower solar power costs for many first-time buyers. It can drive faster adoption in urban housing societies and rural smallholdings. Performance checks and quality norms will ensure the proper functioning of systems installed under the scheme.

Impact

The PM Surya Ghar Yojana has the potential for tremendous social, economic and environmental impact. Some of its expected benefits are:

  • Middle and lower-income groups gain access to affordable solar power
  • Household savings on monthly electricity expenses
  • Solar manufacturing and job creation see a boost
  • Reduced coal dependence for power generation
  • Lower greenhouse gas and particulate emissions
  • Sustainable and clean energy security for India's growing population

Rooftop solar for homes can drive inclusive development. The scheme's effective implementation can help India mitigate climate change risks and air pollution. It is a big step to empower citizens in clean energy adoption and cost savings.

Conclusion

The Pradhan Mantri Surya Ghar Yojana aims to scale up rooftop solar adoption across India's urban and rural households. It provides central financial assistance to install photovoltaic systems. This transformative scheme will benefit families economically while furthering India's renewable energy ambitions. The subsidy support can accelerate solar rooftop deployment to meet sustainability goals. The scheme promises energy security, cost savings and livelihood opportunities for citizens.

FAQs

Q1: What is the PM Surya Ghar Yojana?

A1: The Pradhan Mantri Surya Ghar Yojana is a central government scheme launched in 2024 that provides subsidies on rooftop solar systems for homes in urban and rural India.

Q2: Who launched the PM Surya Ghar Yojana?

A2: The scheme was launched by Prime Minister Narendra Modi as a measure to boost solar energy adoption at the residential level across the country.

Q3: What are the benefits of the scheme?

A3: Key benefits are subsidy support on rooftop solar installation costs, lower electricity bills via solar power generation, reduced air pollution and boost in solar manufacturing and jobs.


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