Off Grid Solar System Subsidy India

Buy 1kw on grid off grid and hybrid solar system at best price with subsidy.

Off grid solar system subsidy india.

Government will adjust this on your next electricity bill. Solar subsidy in india. 2 kw solar system with 40 subsidy 2kw solar system price in india with subsidy rs 120000 off grid solar system rs 160000 hybrid solar system rs 200000. In july 2019 mnre notified new benchmark costs for grid connected rooftop solar power projects for the financial year fy 2019 20.

5kw solar system price in india with subsidy on grid solar system rs 250000 off grid solar system rs 350000 hybrid solar system rs 450000 solar panel. The applicable subsidy for various capacities of rooftop solar systems installed at individual residential households under phase ii of grid connected. Solar panel subsidy scheme in india 2020 1. 1kw solar system price in india.

Central government of india. You also get 30 to 70 government subsidy on solar by mnre i e. In fact people can even supply excess electricity to the grid and make some money out of it. Most of the.

Mnre ministry of new and renewable energy central government has set the target to install 227 gigawatt 22 70 00 000 kilowatt by 31 march 2022. With provision of various solar subsidy in india it now appears possible to attain the massive dream of india inc of achieving 100 gw solar installation by 2022 with a view to provide a push to the government s dream project to be a global leader in field of solar energy solar power and renewable energy. 1kw panel battery inverter. As per mnre the average cost of a rooftop solar system connected with the grid is rs 75 per watt.

Most probably you will get similar solar system price through solar subsidy. Solar net metering is applicable on this system that means excess electricity you can export to government i e. 30 to 70 government subsidy is available on 30 kw on grid off grid and hybrid solar systems for non profit organizations and residential only. Thus a rooftop solar system is a worthy investment.

This solar system will work with grid and having 5 year payback time period. There is no subsidy for commercial projects. However the problem is the huge upfront installation cost of a rooftop solar system. We will revised this price list of solar system through subsidy amount.

For projects with a capacity of above 1 kw and up to 10 kw the benchmark cost was set at 54 0 79 w.