Gujarat is the sixth-largest State in terms of land area and ninth-largest in terms of population forget it is among the leading energy sectors worldwide, where the government actively supports users to make affordable installations. Nearly 20,000 MW of clean energy have been installed.
Do you have second thoughts about installing solar panels because rumors swirl about high upfront costs? This is where the government comes in with the Solar rooftop Subsidy in Gujarat, which means you are liable to pay the entire solar panel price in Gujarat. That's right!
The government provides subsidies for solar panel installation. There is no solar subsidy available for commercial setups in Gujarat. The service is only available to residential homes and housing societies.
Now is the time to get to know about the Solar rooftop Subsidy in Gujarat in 2024 and the solar panel price.
Several reasons, including technical developments, economies of scale, and government programs to encourage the use of renewable energy, have contributed to the recent decline in the price of solar panels in Gujarat. A strong solar environment, bolstered by enabling legislation and infrastructure, is a boon to Gujarat, a leading state in India's solar energy scene.
The panels' efficiency, the brand's reputation, the installation's size, and the project's scope are some variables that affect the cost of solar panels in Gujarat. In most cases, the per-unit costs will be cheaper for larger-scale installations due to economies of scale. Solar power is now more affordable in the long run because of technological breakthroughs that have increased panel efficiency and durability.
The government of India is offering subsidies for solar rooftop installations to encourage the use of renewable energy sources and ensure their long-term viability. Solar energy systems may reduce dependency on traditional power sources and mitigate environmental damage. These subsidies encourage people, companies, and organizations to invest in these systems. The capacity of the solar system, the consumer category, and current government regulations are some of the criteria that determine the procedure and amount of subsidy that may be availed.
Solar rooftop systems in India usually have their subsidy amounts determined by their kilowatt-peak (kWp) capacities. Government subsidies are designed to make solar power more accessible and inexpensive; however, the precise rates may change over time due to policy modifications and market circumstances.
The regulations governing the installation and operation of meters were revised in 2014 by the Central Electricity Authority. Installation of energy meter i.e., ABT complaint meter at generator end as well as at consumer end seeking open access for 1 MW and above. While in case of consumer seeking open access below 1 MW, installation of Special Energy Meter capable of energy recording on 15 minutes time block basis.
The finance minister announced a new solar rooftop scheme in the Budget 2024-25. Subsequently, the Prime Minister launched the 'PM Surya Ghar Yojana'. This solar scheme provides subsidies for installing solar systems for residential houses and using renewable energy for electricity, which will help to save money on electricity bills.
The PM Surya Ghar Yojana, aims to lighting up one crore houses with Saur Urja. The objective of this solar scheme is to reduce the electricity costs of the house by installing rooftop solar panels and using solar energy. The Central Government will provide subsidies directly to people's bank accounts and A huge relief bank loans to ensure that there is no cost burden on the people.
This scheme is not only about lighting your homes; this is a comprehensive approach towards accelerating the adoption of solar energy, decreasing the financial burden on households and also contributes to environmental stability.
Under the Rooftop Solar Scheme, the government will provide the below subsidies for installing solar systems:
| Rooftop Solar Plant Capacity | Subsidy |
|---|---|
| 1-2 KW | Rs. 30,000 to Rs. 60,000 |
| 2-3 KW | Rs. 60,000 to Rs. 78,000 |
| Above 3 KW | Rs. 78,000 |
Solar rooftop Subsidy in India encouraged renewable energy use, economic development, and climate change mitigation. Gujarat can set an example for other areas by accelerating its transition to clean, sustainable energy via subsidies, incentives, and supporting policies. However, creativity, cooperation, and policy refinement are needed to overcome the remaining obstacles.
