Off Grid Solar System Subsidy India

Thus a rooftop solar system is a worthy investment.

Off grid solar system subsidy india.

Most probably you will get similar solar system price through solar subsidy. This solar system will work with grid and having 5 year payback time period. However the problem is the huge upfront installation cost of a rooftop solar system. There is no subsidy for commercial projects.

Central government of india. Mnre ministry of new and renewable energy central government has set the target to install 227 gigawatt 22 70 00 000 kilowatt by 31 march 2022. Solar panel subsidy in uttar pradesh uttar pradesh is one of the largest and most backward states in india but with high solar radiation. You also get 30 to 70 government subsidy on solar by mnre i e.

Solar panel subsidy scheme in india 2020 1. 30kw solar system price in india 30 kwh solar system cost 25 kw solar system cost in india how big is a 30 kw solar array 30kw. Subsidy on solar system. The applicable subsidy for various capacities of rooftop solar systems installed at individual residential households under phase ii of grid connected.

As per mnre the average cost of a rooftop solar system connected with the grid is rs 75 per watt. We will revised this price list of solar system through subsidy amount. 2 kw solar system with 40 subsidy 2kw solar system price in india with subsidy rs 120000 off grid solar system rs 160000 hybrid solar system rs 200000. Government will adjust this on your next electricity bill.

Solar subsidy in india. 1kw solar system price in india. 30 to 70 government subsidy is available on 30 kw on grid off grid and hybrid solar systems for non profit organizations and residential only. In july 2019 mnre notified new benchmark costs for grid connected rooftop solar power projects for the financial year fy 2019 20.

Solar net metering is applicable on this system that means excess electricity you can export to government i e. Most of the. 1kw panel battery inverter. For projects with a capacity of above 1 kw and up to 10 kw the benchmark cost was set at 54 0 79 w.

In fact people can even supply excess electricity to the grid and make some money out of it.