PM Free Solar Yojana: Get Double the Subsidy on Solar Panel Installations – Here’s How

Varahi media.com online news, November 14th,2024: The PM Free Solar Yojana is an ambitious initiative by the Government of India aimed at promoting solar energy across the country. To make solar power more accessible, the government has now doubled the subsidy for installing solar panels, significantly reducing the cost for eligible individuals.

Why Did the Government Double the Subsidy?
The main goal of this initiative is to provide affordable, clean, and sustainable electricity to millions of households in India. The government plans to install solar panels in 1 crore homes, which will help reduce reliance on traditional power sources and combat rising energy costs. By doubling the subsidy, the government is making solar systems more affordable, especially for families who need them the most.

This scheme covers solar systems with capacities ranging from 1 kW to 10 kW, allowing families to generate their own electricity. The best part is that any excess electricity generated can be fed back into the national grid, lowering electricity bills significantly.

Who Can Apply for the PM Free Solar Yojana?
The scheme is open to:

Low-income households (BPL families).
Middle-class families looking for affordable energy solutions.
To qualify for the subsidy, you must meet these requirements:

Space: A 1 kW solar system requires at least 10 square meters of roof space.
Electricity Bill: You must have a recent electricity bill with a consumer number.
Registered Vendors: You can only purchase solar panels from registered vendors approved by your state to avail the subsidy.
How Does the Double Subsidy Work?
Let’s break down the cost for a 2 kW solar system, which typically costs ₹1,20,000:

Central Government Subsidy: ₹60,000
State Government Subsidy: ₹34,000
Total Subsidy: ₹94,000
So, the total cost you’ll need to pay will be just ₹26,000, giving you a 78% subsidy on the overall cost.

Here’s how the subsidy applies to different system capacities:

Solar System Capacity Central Government Subsidy State Government Subsidy Total Subsidy
1 kW ₹30,000 ₹17,000 ₹47,000
2 kW ₹60,000 ₹34,000 ₹94,000
3 kW ₹78,000 ₹51,000 ₹1,29,000
Step-by-Step Guide to Apply for the Solar Panel Subsidy
Visit the National Portal: Go to pmsuryaghar.gov.in, the official website for the PM Free Solar Yojana.

Select a Registered Vendor: Find a registered solar vendor in your state who can supply and install the solar system.
Fill the Application Form: Complete the online application form available on the portal.
Verification Process: Your application will be verified by the concerned government authorities.
Installation: After your application is approved, the solar system will be installed at your home.
Net Metering Setup: Once the system is installed, net metering will be activated, allowing you to send surplus power to the grid.
Subsidy Credit: After installation, the vendor will upload all the necessary details on the portal, and the subsidy will be credited directly to your account.
Why Should You Consider Installing Solar Panels?
Free Electricity: By installing solar panels, you could get up to 300 units of free electricity every month, reducing your dependency on the grid.
Lower Electricity Bills: The power generated by the solar panels will drastically cut down your monthly electricity costs.
Long-Term Benefits: Solar systems have a lifespan of about 25 to 30 years, which means long-term savings on electricity bills and continued access to free energy.
Environmentally Friendly: Solar power is a clean, renewable energy source that reduces your carbon footprint and contributes to a greener planet.

If you’re struggling with high electricity bills, solar panels are a great alternative. With the doubled subsidy, you can now install solar panels at a much lower cost and enjoy the long-term benefits of free electricity. Don’t miss out on this opportunity to reduce your energy costs while contributing to a sustainable future.

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