National News

Government policy to offer solar panels at subsidized rates

Posted On: 05 APR 2022 6:31PM by PIB Delhi

Provision of central financial assistance (CFA) for institutional and social sectors was available under Phase-I of Rooftop Solar Programme, which was under implementation in the country till March 2020. With reduction in cost of the installation of Rooftop Solar (RTS) power systems, central financial assistance to beneficiaries of all sectors, except residential sector, has been discontinued under Phase-II of Rooftop Solar Programme currently under implementation.

However, Under Ph-II of the RTS Programme, incentives of 5% of the benchmark cost for RTS capacity addition beyond 10% and up to 15% of the baseline RTS capacity as on 31st March of the previous year, and incentives of 10% of the benchmark cost for RTS capacity addition beyond 15% of the baseline RTS capacity as on 31st March of the previous year, are being provided to DISCOMs towards installation of RTS projects in all sectors, including solar power panels at educational and religious institutions, NGOs, etc.

This information was given by Shri R.K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Rajya Sabha today.

***

Also See:

newsonline

Recent Posts

NoBroker Hosts ‘Property Carnival’ in Chennai for Homebuyers

NoBroker, India's first proptech unicorn, is bringing an exciting opportunity for homebuyers with the launch…

2 days ago

Manthan School Ranked Among India’s Top 20 Schools in EWISR 2024-25

In a remarkable achievement, Manthan School has been ranked 3rd in Telangana and Hyderabad, and…

2 days ago

Solidus Techno Power Pvt. Ltd. Appoints Mr. Jaspal Singh as Chief Technology Officer

Solidus Techno Power Pvt. Ltd., a leader in solar EPC solutions, is pleased to announce…

2 days ago

Salesforce Brings The First Edition of Agentforce World Tour To Delhi

Salesforce, the worlds #1 CRM, powered by AI technology and capabilities, today hosted India's first…

3 days ago

Metropolis Healthcare unveils Key Findings from Molecular Genomics Study in honour of Lung Cancer Awareness Month

Lung cancer remains one of the most prevalent and deadly cancers globally, with approximately 2.2…

3 days ago

Sachidanand Upadhyay: A Visionary Leader Dedicated to Building Better Tomorrow

At Lord's Mark Industries Limited, led by Sachidanand Upadhyay, we are committed to fostering positive…

3 days ago