PM Surya Ghar Muft Bijli Yojana Details: Online Registration, subsidy amount, Last Date

The Government of India authorized PM Surya Ghar: Muft Bijli Yojana on February 20, 2024, to increase the share of solar rooftop capability and empower residential families to generate their electricity. The plan will be implemented until FY 2026–2027 and has an expenditure of Rs 75,021 crore.

The plan may be implemented through State Implementation Agencies (SIAs) on a national level and a National Programme Implementation Agency (NPIA) at the national level. The State Implementation Agencies (SIA) on the State/UT level will be the Distribution Utility DISCOMs, or Power/Energy Departments, as applicable.

The plan calls for the DISCOMs to set up all the necessary infrastructure to support roop solar in their areas, such as internet meter availability, timely installation inspection and commissioning, dealer registration and control, interdepartmental collaboration for solarizing authorities buildings, and many other things.

PM Surya Ghar Muft Bijli Yojana Benefits

Appropriate Rooftop Solar Plant Capacity for Homes

Average Monthly Electricity Consumption (units) Suitable Rooftop Solar Plant Capacity Subsidy Support
0-150 1-2 kW ₹ 30,000/- to ₹ 60,000/-
150-300 2-3 kW ₹ 60,000/- to ₹ 78,000/-
> 300 Above 3 kW ₹ 78,000/-

 

Who is eligible to use the PM Surya Ghar Muft Bijli scheme?

  • The applicant needs to be an Indian citizen.
  • Must personal a house with a roof; this is suitable for installing solar panels.
  • The household must have a legitimate power connection.
  • The household has to no longer have availed of another subsidy for solar panels.

Can a patron avail of a loan facility to finance the solar unit?

Yes. Households could be able to access collateral-unfastened low-interest loan merchandise of around 7% at a gift for the set-up of residential RTS structures up to a few kW. The interest rate has been set at 0.5% higher than the current repo rate, which is periodically set by the Reserve Bank of India. 

On the occasion of the repo rate, which is 6.5% at present, getting reduced to 5.5%, the effective interest charge for the purchaser turns into 6% rather than the present day 7%.

PM Surya Ghar Muft Bijli Yojana subsidy amount

When you install solar panels on your rooftop, the government sends money directly to your bank account to help cover the cost. This makes it easier to afford solar panels.

Subsidy amounts:

  • ₹30,000 per kilowatt for up to 2 kilowatts.
  • ₹48,000 per kilowatt for up to 3 kilowatts.
  • ₹78,000 per kilowatt for more than 3 kilowatts.

How does the PM Surya Ghar Muft Bijli Yojana application process work?

First, the fascinated purchaser has to sign in on the National Portal. The country and the energy distribution company must be chosen to accomplish this.

The National Portal will help families by supplying relevant information such as suitable system sizes, benefits calculators, seller scores, etc. The customers can choose the seller and the make of the rooftop solar unit they desire to get hooked up.

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