Step-by-step guide to apply for solar subsidies in India. Learn about solar rooftop subsidy yojana, green finance, and how to get a loan for solar rooftop systems. Read our blog to know in detail.
Anjali Singh
Assistant Manager
India is making the shift to solar. With electricity bills rising and the environment in need of a helping hand, more Indian families are turning to solar energy. The good news? The government is making it easier and cheaper than ever with solar subsidies in India. If you’re wondering how to actually get these benefits, you’re in the right place.
Let’s walk through the step-by-step process to apply for the solar rooftop subsidy yojana, understand who’s eligible, and answer all your burning questions.
Solar panels can save you a lot, both in terms of money and carbon emissions. But the upfront cost can be a hurdle. A typical residential solar setup can cost anywhere from ₹50,000 to ₹6 lakhs, depending on the size and quality. That’s where solar subsidies in India come in. Under the PM Surya Ghar Muft Bijli Yojana, you can get up to ₹78,000 in subsidy for your rooftop solar system. This can cover up to 40% of your installation cost for smaller systems and 20% for larger ones.
The government’s goal is to help one crore households go solar, cut their monthly bills, and even earn from selling extra electricity back to the grid.
Before you start, check if you qualify:
Ready to install your solar setup but falling short of funds? Here’s what you need to do to apply for Solar Subsidies in India, structured as a step-by-step guide:
Here’s a quick look at the current central government subsidy rates:
|
System Size |
Subsidy Amount |
|
Up to 2 kW |
₹30,000 per kW |
|
Up to 3 kW |
₹18,000 per kW for additional capacity |
|
Above 3 kW |
Capped at ₹78,000 |
Note: Some states offer extra incentives, so check your local DISCOM or state renewable energy portal for updates.
Make the intelligent choice. Switch to solar today, save the environment and your money without any extra headache. At My Mudra, we help you compare green finance options, find the best loan for solar rooftop installations, and guide you through the solar subsidy application process from start to finish. You focus on saving energy; we’ll handle the paperwork.
Also Read:
- Top Banks & NBFCs Offering Solar Project Loans in India
- Tips for Finding the Best Loan for Solar Panel Options
Ans: It’s a central government scheme offering solar rooftop subsidy yojana benefits for residential users, covering up to 40% of the installation cost.
Ans: Any Indian homeowner with a suitable roof and a valid electricity connection who hasn’t already received a subsidy.
Ans: Once your system is installed and inspected, the subsidy is usually credited within 30 days.
Ans: Yes, several banks and NBFCs offer green finance options and dedicated solar loans. You can apply for these loans alongside your subsidy application.
Ans: Yes, you can call 15555 for queries related to the rooftop solar scheme.
Ans: The current scheme mainly targets residential users. Some states offer separate incentives for commercial projects.
Ans: You must use a registered vendor listed on the portal to qualify for the subsidy.
Assistant Manager
Hey there, I'm Anjali Singh. With over 6 years of experience in finance, I specialize in creating content on banking, loans, and financial planning. My goal is to simplify complex financial topics and help readers make informed decisions through my articles.
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