(Upto Rs 1.17 Lacs Solar Subsidy in Delhi NCR, Haryana; Upto Rs 1.47 Lacs Solar Subsidy in Uttar Pradesh)
The year 2024 brings more joy for the homeowners when they
install a solar system on the roofs or terraces of their homes.
The solar subsidy cashback under
MNRE (Central Subsidy Scheme) has been increased to:
Rs 18,000 per kWp for residential solar rooftop systems between 1-3 kWp capacity (from the previous Rs 14,588/kWp)
Rs 9,000 per kWp for residential solar rooftop systems between 4-10 kWp capacity (from the previous Rs 7,294/kWp)
The maximum solar subsidy is increased to Rs 1,17,000 for a 10kWp or higher solar system capacity (from the previous Rs 94,822)
The below table specifies the rates for different system sizes:
1 kWp: 14,588 18,000
2 kWp: 29,176 36,000
3 kWp: 43,764 54,000
4 kWp: 51,058 63,000
5 kWp: 58,352 72,000
6 kWp: 65,646 81,000
7 kWp: 72,940 90,000
8 kWp: 80,934 99,000
9 kWp: 87,528 1,08,000
10 kWp: 94,822 1,17,000
You can find the complete details about
central subsidy here.
The new subsidy rates (benchmark CFA rates) will be applicable for all claims submitted on the online National Portal for Rooftop Solar.
The new rates have been announced by the Ministry of New and Renewable Energy (
MNRE) under the Rooftop Solar Scheme (Phase – II) and residential customers under different categories. As per the MNRE guidelines, the new rates shall be applicable for applications received on the National Portal for Rooftop Solar or for solar systems installed through the tender mode.
For special category states, the central
solar subsidy for residential consumers for rooftop solar systems between 1-3kWp shall be Rs 20,000/kW and for systems between 4-10kW, the new subsidy shall be Rs 10,000/kW.
Following are the special states:
Uttarakhand & Himachal Pradesh
Assam and All North East States
Ladakh, Jammu and Kashmir
Lakshadeep, and Andaman & Nicobar
For RWAs/ Group Housing Societies, for common facilities upto 500kW, but with a ceiling of 10kWp per household, now the revised solar subsidy rate shall be Rs 9,000/kWp for general states and Rs 10,000/kWp for special states.
The respective DISCOMs shall continue to be the implementing agencies. The residential consumers can choose only the empaneled vendors for their solar systems to avail of this subsidy benefit.
It is important to note that any state-level solar subsidy e.g. upto Rs 30,000 in Uttar Pradesh shall be over and above the central subsidy. This means that a residential consumer in Uttar Pradesh can now get a maximum solar subsidy of Rs 1,47,000 for a 10kW or higher capacity solar system.
So if you are living in Delhi, Gurgaon, Faridabad, Panipat, or any part of Haryana, then the maximum solar subsidy can be Rs 1.17 Lacs. However, if you reside in Noida, Greater Noida, Ghaziabad, Lucknow, Kanpur, Meerut, or any part of Uttar Pradesh, then you can get a maximum solar subsidy of Rs 1.47 Lacs.
At MYSUN, we are committed to provide the most seamless and satisfying solar experience to homeowners and we highly recommend homeowners to avail of this great opportunity to go solar in 2024.
*Please note that the central subsidy and Uttar Pradesh additional solar subsidy rates mentioned above are applicable as of date and these may change from time to time.