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What is the solar subsidy policy?
Global warming is a significant problem for the worldwide community, as it has a significant impact on the global environment. In order to meet this issue, the Indian government has set a target of 40% renewable energy generation by 2030. For that, the government of India has taken a highly progressive step in the direction of democratizing rooftop solar across Indian homes and residential sector.
A Surya Gujarat Portal Scheme (https://www.suryagujarat.guvnl.in) for Rooftop Solar was launched last year. On this portal, any residential consumer from any part of the state of Gujarat can benefit up to 40% from subsidy. So, consumer needs to pay lesser money of the actual cost of the system.
The subsidy benefit through this Surya Gujarat portal is common for the entire State across all Districts; be it south, north, or western Gujarat includes all DisComs UGVCL, DGVCL, PGVCL, MGVCL, Torrent Ahmedabad & Torrent Surat.
Subsidy for Residential Consumer :- Subsidy of 40% shall be available for the Solar rooftop systems up to 3 KW; and 20% for Solar rooftop systems beyond 3 KW up to 10 KW, installed and commissioned by private residential consumers on the approved price discovered through the competitive bidding or benchmark cost Issued by MNRE, whichever is lower.
Subsidy for Common facilities of GHS/RWA :- For Group Housing Society (GHS) / Residential Welfare Association (RWA),the subsidy would also be available at a rate of 20% for solar rooftop system for supply of power to common facilities of that GHS/RWA, on the approved price discovered through the competitive bidding.
The capacity eligible for the subsidy to GHS/RWA will be limited to 10 KW per House and the total shall not exceed 500 KW per GHS/RWA. Common facilities shall include such assets of the GHS/RWA that are built for the use of all its residents such as waterworks, lift, streetlights, gym, swimming pool, garden, etc.
In case of capacity Addition :- The following consumers those who have already installed and commissioned the solar rooftops under the earlier scheme shall also be eligible for the subsidy, provided that
Approved Rate discovered through MGVCL/DSM/EoV/SRT/2021-22/2137 dated. 9.2.2022 for Urban area & MGVCL/DSM/EoV/SRT/2021-22/1227 dated. 9.2.2022 for Rural area for Design, Supply, Installation, testing & Commissioning of Grid connected Rooftop Solar Photovoltaic Systems in Residential premises, including five years comprehensive maintenance:-
Sr. No. | System Capacity Range | Discovered Rate for Urban Area (RGPU Tarrif) | Discovered Rate for Rural Area (RGPR Tarrif) | Benchmark cost as per MNRE | ||||||
Rs Per kW | Current GST Rs@13.8% | Total | Rs Per kW | Current GST Rs@13.8% | Total | Rs Per kW | Current GST Rs@13.8% | Total | ||
1 | 1.00 kW | 40000 | 5520 | 45520 | 40000 | 5520 | 45520 | 46923 | 6475.37 | 53398.37 |
2 | 21.01 kW to 2.00 kW | 45000 | 6210 | 51210 | 45000 | 6210 | 51210 | 43140 | 5953.32 | 49093.32 |
3 | 2.01 kW to 3.00 kW | 42000 | 5796 | 47796 | 43000 | 5934 | 48934 | 42020 | 5798.76 | 47818.76 |
4 | 3.01 kW to 4.00 kW | 42000 | 5796 | 47796 | 43000 | 5934 | 48934 | 40991 | 5656.76 | 46647.76 |
5 | 4.01 kW to 5.00 kW | 42000 | 5796 | 47796 | 42000 | 5796 | 47796 | 40991 | 5656.76 | 46647.76 |
6 | 5.01 kW to 6.00 kW | 41000 | 5658 | 46658 | 41000 | 5658 | 46658 | 40991 | 5656.76 | 46647.76 |
7 | Above 6 kW and up to 10kW | 40500 | 5589 | 46089 | 40500 | 5589 | 46089 | 40991 | 5656.76 | 46647.76 |
8 | Above 10 kW and up to 25 kW | 38500 | 5313 | 43813 | 38766 | 5349.71 | 44115.71 | 38236 | 5276.57 | 43512.57 |
9 | Above 25 kW and up to 50 kW | 37500 | 5175 | 42675 | 38500 | 5313 | 43813 | 38236 | 5276.57 | 43512.57 |
10 | Above 50 kW and up to 100 kW | 33700 | 4650.6 | 38350.6 | 32700 | 4512.6 | 37212.6 | 38236 | 5276.57 | 43512.57 |
11 | Above 100 kW to 500 KW | 28990 | 4000.62 | 32990.62 | 28990 | 4000.62 | 32990.62 | 35886 | 4952.27 | 40838.27 |
Grace Renewable Energy Limited. (GREPL), Gujarat’s leading home solar solutions technology company, which also runs one of India’s largest online rooftop solar platform (https://www.gracerenew.com) has made it easy and reliable for home consumers to go about their entire solar journey and the subsidy benefit process in a highly transparent and efficient manner. Thousands of consumers are benefiting from GREPL.’s digital solar platform for their solar journey.
Homeowners can click on GREPL’s site and within 5 minutes they can get free Electricity on their home.
There are many benefits of rooftop solar depending upon for the kind of solar power solution you adopt. The key benefits are as follows:-
Financial benefits:-
Using solar gives you assured savings over your electricity bills. Minimum savings start with 10 % going up to 40% on your monthly bills. More Savings = More Money = More Earning.
Saving Environment:-
Using Solar system means reducing your power consumption from the grid or in other words your power distribution company (DISCOM). Your DISCOM typically sources power generated from coal or other similar non-renewable energy resources. Therefore, the lesser the consumption of power from the grid, lesser the need for generation and hence lesser the consumption of non-renewable energy resources.
ROI:-
Solar rooftop is an investment and must be treated in the same manner as money invested in a business project, the added pay-off being self-sufficiency in terms of power. Returns from solar power plants vary depending on the type and size of the solution and from location to location reaching up to 50% in some cases. Using solar for your commercial establishment has benefits for owner of premises’ business too.