India’s rapid population growth has warranted an increased demand for energy. Industries and offices are shifting towards the relatively cost-effective and renewable energy resource, solar panels. The government’s proposal to offer homeowners subsidized solar energy has helped them gain respite from soaring electricity bills. The schemes make solar a viable and enticing option for homeowners, as they are incentivized to install solar panels in the form of their availability at subsidised prices. As of 2024, every state will offer a solar plant for home government subsidy, to reduce carbon footprint and use an ecologically viable energy resource. The government launched the MNRE Solar Subsidy plan, which provides a 40% subsidy for solar installations up to 3KW and an additional 10% subsidy for installation over 3KW, up to 10KW. Homeowners have to meet specific criteria to avail of solar subsidies, including owning a residential property and complying with specific technical criteria to install solar panels. The advantages of solar panels include economising on electricity bills, minimising reliance on the grid along with several environmental benefits. The step-by-step procedure to install a solar panel includes choosing a certified vendor after a comprehensive study, submitting of application and other necessary documents, completing the installation, and then applying for the subsidy. Some of the barriers in using solar panels as an energy resource include high initial investment in installation and setup, care and maintenance of panels, and other technical issues. The future of solar energy in India is hopeful as the government continues to support endeavours` in this area and India keeps moving towards the adoption of sustainable energy.
A Homeowners Guide to the Government’s Solar Panel Scheme
