According to Nirmala Sitharaman, the Finance Minister, the financial budget for 2024-2025 will formally introduce the ‘Rooftop Solar Scheme’ or ‘PM Surya Ghar Muft Bijli Yojana’. The scheme also helps to reduce electricity bills by offering incentives for the installation of solar energy systems in residential houses and the use of solar power. The article describes in detail the Rooftop Solar Scheme, or PM Surya Ghar Muft Bijli Yojana.
PM Surya Ghar Muft Bijli Yojana: An Overview?
Union Finance Minister Nirmala Sitharaman had introduced a new rooftop solar scheme called ‘PM Surya Ghar Free Bijli Yojana’ in the 2024-2025 budget. Also, when it was formally announced by the Prime Minister on February 15, 2024, it involves installing solar panels on the roofs of residential buildings, for which huge subsidies and bank loans are being provided by the government.
- Subsidies and Loans: The central government will provide subsidy up to forty percent (40%) of the cost of installing solar panels. Apart from this, very attractive bank loans will also be available, so that families do not have to bear any cost.
- Benefits: The project aims to provide free solar power to low-income and middle-class families. By selling surplus power to power distributors, participants can save up to ₹15,000 to ₹20,000 crore annually.
- Goal: The programme aims to install solar panels in one crore homes across the country. The initiative is estimated to save the government around Rs 75,000 crore in its annual electricity bill.
Objectives of the PM Surya Ghar Muft Bijli Yojana
PM Surya Ghar Muft Bijli Yojana, also known as Rooftop Solar Scheme, aims to provide 300 units of free electricity every month to one crore household. The scheme aims to use solar energy and install solar panels on rooftops, which will help reduce the cost of electricity supply at home. The program aims to replace conventional sources of energy by installing solar panels on rooftops of houses and using green energy. It encourages renewable and environmentally friendly energy.
Advantages of Rooftop Solar Scheme
- Annual savings of Rs. 15,000 to Rs. 18,000 crore by selling surplus power to distribution companies for electric vehicle charging.
- Opportunities for various vendors to establish businesses specializing in the provision and installation of solar panels.
- Job creation for young individuals with technical skills in the production, installation, and maintenance of solar panels.
- Reduction in government electricity expenditures.
- Increased utilization of renewable energy sources.
- Reduction in carbon emissions.
In-Depth Overview of the Rooftop Solar Scheme
| Solar System Capacity | New (Wef 13, feb, 2024) | Earlier | Increase |
| 1 kW | ₹ 30,000.00 | ₹ 18,000.00 | 67% |
| 2 kW | ₹ 60,000.00 | ₹ 36,000.00 | 67% |
| 3 kW | ₹ 78,000.00 | ₹ 54,000.00 | 44% |
| 4 kW | ₹ 78,000.00 | ₹ 63,000.00 | 24% |
| 5 kW | ₹ 78,000.00 | ₹ 72,000.00 | 8% |
Why Rooftop Solar Program Required?
Thus, to qualify for the PM Surya Ghar Free Electricity Scheme, the applicant must be an Indian citizen and belong to the economically weaker section or economically middle class families. They must own a house with a rooftop suitable for the installation of solar panels and must have a usable electricity supply. Also, the person who is applying must not be eligible for any other solar panel subsidy.
Essential Documents for Rooftop Solar Scheme
- Proof of identity
- Proof of address
- Electricity bill
- Roof ownership certificate
PM Surya Ghar Muft Bijli Yojana Customer Care
You can call the rooftop solar scheme toll-free number to resolve all your queries regarding the scheme – 15555.
Summary
- Encourages the use of eco-friendly energy thereby reducing electricity bills.
- Makes solar energy accessible to people through government subsidies and loans by commercial banks.
- Helps in utility cost savings and supports renewable energy and conservation efforts.
- Creates new business opportunities and jobs in the field of solar panels.
- Targeting 10 million homes with rooftop solar systems, underlining the government’s work towards a clean energy future.
Join PM Surya Ghar Muft Bijli Yojana
Are you a consultant looking to make a significant impact in the renewable energy sector? Contact Us to promote the PM Surya Ghar Muft Bijli Yojana!
[…] Government Incentives: From another perspective, that of the government, some of the factors that favor the improvement of solar energy include policies and incentives. […]
[…] Pradhan Mantri Surya Ghar subsidy can save Rs 30,000 on a product, reducing the total cost of purchasing equipment. This investment can lead to higher returns on energy bills by investing in renewable sources like photovoltaic cells, which produce 1 kW of output power per hour. This results in lower consumption levels due to uninterrupted sunlight supply from the national grid. […]
[…] for subsidy: Only net metering-regulated grid-connected systems can receive government subsidies; off-grid […]