Save on bills with solar subsidies in India: Here's how
What's the story
Using solar energy is not only sustainable but can also significantly reduce your electricity bills.
In India, the government provides subsidies to motivate people to install solar panels at their homes.
This article explains how you can avail these subsidies. This way, you can make an informed decision and enjoy the cost-saving benefits.
Step 1
Understanding the subsidy scheme
The Indian government offers a significant subsidy of up to 40% for solar panel installations for systems up to three kW, and a 20% subsidy for systems between three kW and 10 kW.
This initiative falls under the National Solar Mission, which aims to promote green energy.
To claim this subsidy, start by determining if your installation falls within the aforementioned capacity limits.
Step 2
Eligibility criteria
In order to qualify for the subsidy, you need to be an Indian resident who owns a rooftop space where solar panels can be installed.
The property can be residential, institutional or social sector.
Most importantly, you need to make sure that your rooftop doesn't have any shading and is structurally strong to bear the load of solar panels.
Step 3
Application process
The application process entails registering on the official portal stipulated by the Ministry of New and Renewable Energy (MNRE).
You will be required to furnish personal details, information pertaining to your property, proposed capacity, etc.
After submission, an inspection may be conducted to evaluate the feasibility of your site for installation.
Step 4
Selecting an authorized vendor
In order to get the solar panel subsidy, it is crucial to choose MNRE-empaneled vendors.
They are authorized and ensure quality installations adhering to government standards. This is important for a hassle-free subsidy claim process.
Choosing an authorized vendor is key to ensuring quality and compliance. It not only makes the installation and subsidy claim process easier but also ensures adherence to regulatory standards.
Step 5
Documentation required
To ensure a hassle-free subsidy application and inspection, keep your documents ready in advance.
Include proof of identity (Aadhaar card), proof of address (utility bill or lease agreement), site photographs, and ownership documents or consent letters (if you are not the owner).
Having these documents on hand can significantly expedite the process.
Step 6
Claiming subsidy
Once the system is successfully installed by an empaneled installer, they will file a claim on your behalf with all the required documents including system details and commissioning report to the MNRE or its appointed state nodal agency.
The subsidy amount gets directly credited to your bank account post verification.