With new scheme, sun shines on rooftop solar installations
No Comments
With new scheme, sun shines on rooftop solar installations
Sub : Schemes
Sec: Economy
Context:
- Prime Minister Narendra Modi visited solar panels installed under PM Muft Bijli Solar Yojana in Gujarat.
About PM Surya Ghar Muft Bijli Solar Yojana (PMSY):
- It is a central government initiative to encourage the adoption of rooftop solar systems by offering significant financial subsidies and simplifying the installation process.
- The households will be able to get up to 300 units of electricity free every month.
Subsidy Provisions:
- 60% subsidy for systems up to 2 kW capacity.
- 40% subsidy for additional costs between 2 kW and 3 kW capacity.
- Subsidy capped at 3 kW capacity.
Current Status (as of August 2024):
- Gujarat leads the states in terms of installed rooftop solar capacity with 4,195 MW, followed by Maharashtra at 2,487 MW, and Rajasthan at 1,269 MW.
- Cumulative national capacity stands at 13,889 MW.
Surya Gujarat Scheme (2019):
- State government scheme to adopt rooftop solar, launched in 2019.
- Gave 40% subsidy for systems up to 3 kW.
- The scheme has boosted Gujarat’s performance.
Key Benefits
The PM Surya Ghar: Muft Bijli Yojana offers several significant benefits to participating households:
- Free Electricity for Households: The scheme provides households with free electricity by installing subsidised rooftop solar panels, significantly reducing their energy costs.
- Reduced Electricity Costs for the Government: By promoting the widespread use of solar power, the scheme is expected to save the government an estimated ₹75,000 crore annually in electricity costs.
- Increased Use of Renewable Energy: The scheme encourages the adoption of renewable energy sources, contributing to a more sustainable and environmentally friendly energy mix in India.
- Reduced Carbon Emissions: The transition to solar energy under this scheme will help lower carbon emissions, supporting India’s commitment to reducing its carbon footprint.