Maharashtra rooftop solar power production rises to 1,300MW
Rooftop solar power production in the state has increased to 1,300 megawatts (MW) in 2022 against just 20 megawatts in 2016, said Vijay Singhal, chairman and managing director of Maharashtra State Electricity Distribution Company Limited (MSEDCL).
The cost of installing a panel of up to 3 kilowatts is about Rs 1.20 lakh, and of that, approximately Rs 48,000 or a 40 per cent subsidy is available. So it costs the customer around Rs 72,000. Due to the electricity generated from solar energy, the consumer has to use less of the usual electricity supply which reduces the electricity bill.
As a part of the scheme, of the total project cost – excluding the subsidy amount – the remaining amount of the rooftop solar plant is to be paid to the agency concerned selected by the consumers. MSEDCL authorities said nodal officers will be appointed to solve the issues faced by the agencies at the regional level in getting a share of money assured from the government.
Solar Subsidy Yojana 2023
The Solar Rooftop Subsidy Yojana (SRSSY) is a government subsidy scheme for installing solar rooftop photovoltaic (PV) systems. The scheme is currently open to residential, commercial and industrial consumers. Under the scheme, the government provides a subsidy of 30% of the cost of installing a solar PV system, up to a maximum of ₹1 million (US$14,000). The SRSSY is part of the Indian government’s goal to install 100 gigawatts (GW) of solar PV capacity.
Solar Rooftop Subsidy Yojana Benefits
- Solar photovoltaic (PV) systems can help you save money on your electricity bills and protect you against rising utility rates.
- Solar PV systems are eligible for state and federal tax credits and rebates, which can further reduce the costs of installation and ownership.
- Solar PV systems have little or no maintenance costs, and they can last for decades with proper care.
- Solar PV systems increase the value of your home or business, making it a wise investment in addition to saving you money on energy costs.
- Solar PV systems produce clean, renewable energy that helps reduce our reliance on fossil fuels and protects the environment.
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