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The PM Surya Ghar: Muft Bijli Yojana, launched in February 2024, provides significant government subsidies for installing residential rooftop solar panels in India. The scheme offers a central subsidy of ₹30,000 per kW for the first 2 kW and ₹18,000 for additional kW, capped at ₹78,000 for 3 kW or higher systems, aimed at providing up to 300 units of free electricity monthly.
Housing societies in India can significantly reduce common area electricity costs by installing rooftop solar systems, supported by the PM Surya Ghar Yojana which provides a subsidy of ₹18,000/kW for up to 500 kW. The investment typically offers a 3 to 5-year payback period, with 25-30 years of free electricity generation. Key requirements include being a registered society with a PAN card and using DCR (Made-in-India) solar panels.
Commercial and industrial (C&I) solar involves installing high-capacity photovoltaic systems on business, factory and warehouse rooftops or ground-mounted, aimed at significantly reducing energy costs by up to 40–60% and cutting carbon footprints. These systems, typically ranging from 20KW to over 1MW, utilize high-efficiency panels (e.g., monocrystalline, Bi-Facial) with a lifespan of 25+ years, providing a 4–6 year return on investment.
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