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Solar Subsidy and Government Schemes

Solar Subsidy and Government Schemes

Solar Subsidy and Government Schemes

Solar Subsidy and Government Schemes

To achieve its 100 GW solar mission, Government has decided to revamp the Solar Subsidy and Government Schemes in Phase-II of Govt Of India Rooftop Solar Power Plants Mission program.

The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India — the new scheme to incentivize and encourage the installation and commissioning of roof top solar power plant projects across India.

The recently proposed new Scheme would integrate DISCOMS Utility as Nodal center and  implementing agency in Phase-II of Govt of India Rooftop Solar Power Plants Mission program under CFA from MNRE.

An official statement said, “The concept, once approved, shall serve as the basis of revised scheme of MNRE for solar rooftop in Phase-II and will replace the Cabinet Committee on Economic Affairs note that has been submitted to cabinet since April this year.”

Unlike earlier Pahse-I, the proposed scheme will integrate Discoms as an implementing agency in Phase-II of rooftop solar scheme, the statement added. State Nodal Agency (SNA) have been playing a pivotal role as implementation agency in the Phase I.

The newly introduced proposed scheme would aims to achieve a national solar rooftop target of 40 GW till 2021-2022.

It is also proposed that a Central Financial Assistance will be provided only for installation of roof top solar plants in residential sectors and not for Institutions & NGOs.

The residential users may like to  install the solar power plant of capacity as per their own requirement and as per the respective State Electricity Regulatory Commission regulation. However, it may be noted that, the subsidy support would be admissible and limited up to 5 kWp capacity of plants only.

The solar generation incentive towards subsidy to the residential sector would be capped at Rs.18,000 per kW calculated at benchmark cost of Rs.60,000 per kW.

The incentive to Discoms for social, institutional, government sectors, commercial and industrial sector it would be capped at Rs.5,500 per kW calculated at benchmark cost of Rs.55,000 per kW.

The total incentive for the residential sector stands at ₹9,000 crore for 5000 MW of installations. The incentive to Discoms would be capped at Rs.14,450 crore for 35,000 MW of roof top solar power plant installations.

The total financial outlay is Rs.23,450 crore for 40,000 MW of roof top solar installations.

While clearly mentioning the sector wise targets, the new proposal said that Commercial and industrial sector woud set up 20,000 MW, the government, Residential, Social and the Institutional sector will set up 5,000 MW each

https://youtu.be/_jK9yL5ciVM

 


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