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Home Economy

The Govt policy to offer solar panels at subsidized rates

by Economy India
April 6, 2022
Reading Time: 1 min read
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Provision of central financial assistance (CFA) for institutional and social sectors was available under Phase-I of Rooftop Solar Programme, which was under implementation in the country till March 2020.

With reduction in cost of the installation of Rooftop Solar (RTS) power systems, central financial assistance to beneficiaries of all sectors, except residential sector, has been discontinued under Phase-II of Rooftop Solar Programme currently under implementation.

However, Under Ph-II of the RTS Programme, incentives of 5% of the benchmark cost for RTS capacity addition beyond 10% and up to 15% of the baseline RTS capacity as on 31st March of the previous year.

Incentives of 10% of the benchmark cost for RTS capacity addition beyond 15% of the baseline RTS capacity as on 31st March of the previous year, are being provided to DISCOMs towards installation of RTS projects in all sectors, including solar power panels at educational and religious institutions, NGOs, etc.

This information was given by R.K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Rajya Sabha today. (Source:PIB)

Tags: Solar PanelsSubsidized Rates
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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