PM Free Solar Yojana: Now you will get a double subsidy in the Solar Panel Scheme, know-how

PM Free Solar Yojana has been started by the Government of India to promote the solar system. Under this scheme, the subsidy for installing solar panels has been doubled. That means now you can get solar panels installed for less money than before. Under this scheme, generally, families living below the poverty line and middle-class people can apply for this scheme.

The purpose of doubling the subsidy

The main objective of the double subsidy scheme is to provide cheap and eco-friendly electricity by installing solar panels in 1 crore houses in the country. Under this scheme, subsidy is being provided for solar systems with capacities ranging from 1 to 10 kW. With this, people will not only be able to get the electricity they need from the solar panel but can also benefit from it by sending the excess electricity to the grid. Through the on-grid solar system, it is possible to use the electricity generated by the solar panel in the house and send the remaining electricity to the grid, which reduces the electricity bill drastically.

Eligibility to avail the benefit of PM Free Solar Yojana

• To install a 1 kilowatt solar panel you need 10 square meters of space.
• To apply, you must have your electricity bill, which has the consumer number.
• Buy solar systems and equipment only from registered solar vendors in the state so that you can avail subsidy.

How to get a double subsidy?

Suppose you want to install a 2 kW solar system, the total cost of which is ₹ 1,20,000. The government gives you subsidy on this:

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• Central Government: ₹60,000
• State Government: ₹34,000
• Total Subsidy: ₹94,000

This means you will have to spend only ₹26,000, which gives you a total subsidy of 78%.

Solar System CapacityCentral Government subsidyState Government SubsidyTotal Subsidy

1 KW ₹30,000 ₹17,000 ₹47,000

2 KW ₹60,000 ₹34,000 ₹94,000

3 KW ₹78,000 ₹51,000 ₹129,000

How to apply for a solar panel subsidy?

• First of all, you have to visit the website of the National Portal for Rooftop Solar ( pmsuryaghar.gov.in ) and contact the registered solar vendor.
• After filling out the application form the concerned officer will verify your application.
• After the solar system is installed, net metering will be installed, allowing you to send excess power to the grid.
• After installation, the vendor will upload all the details on the portal and then the subsidy will be credited to your account.

Benefits of installing solar panels

1. You can get up to 300 units of free electricity every month by using the power generated from solar panels.
2. Electricity produced from solar panels will reduce your home bill significantly.
3. The life of a solar system is approximately 25 to 30 years, so you will continue to get the benefit of free electricity for a long time.

If you are troubled by the rising electricity bills, then installing solar panels is a great option. The subsidy provided by the government has made it even more affordable. By taking advantage of the double subsidy, you can install solar panels at a low cost and enjoy free electricity.