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In a bid to promote clean and sustainable energy, the Indian government offers various subsidies and incentives for the purchase of solar products. These subsidies aim to make solar energy more accessible and affordable for individuals and businesses across the country. Here’s a look at some of the key subsidies provided by the government for solar product purchases in India.
Subsidies for Residential Solar Systems
Under the Jawaharlal Nehru National Solar Mission (JNNSM), residential consumers are eligible for subsidies on the purchase of rooftop solar systems. The Ministry of New and Renewable Energy (MNRE) provides a subsidy of up to 40% of the benchmark cost for these systems. This subsidy is aimed at encouraging homeowners to switch to solar power and reduce their dependence on grid electricity.
Subsidies for Solar Water Heaters
The government also offers subsidies for the purchase of solar water heaters under the MNRE’s Solar Thermal Program. Residential consumers can avail of a subsidy of up to 30% of the benchmark cost of the system. This subsidy is available for both flat plate collectors and evacuated tube collectors, making solar water heaters a cost-effective option for households looking to reduce their energy bills.
Subsidies for Off-Grid Solar Systems
For remote and off-grid areas where grid electricity is not available or unreliable, the government provides subsidies for the installation of off-grid solar systems. These systems include solar panels, batteries, and inverters, and are used to power homes, schools, and healthcare facilities in rural areas. The subsidy amount varies depending on the size and capacity of the system.
How to Avail of Subsidies
To avail of government subsidies for solar products, consumers need to meet certain eligibility criteria and follow the application process laid out by the MNRE. This typically involves submitting an application form along with the necessary documents, such as proof of purchase and installation. Once the application is approved, the subsidy amount is disbursed to the consumer.
Light Up Your Life with Solar Power
With the government’s support and subsidies, switching to solar power has never been more affordable. By investing in solar products, you not only save money on your energy bills but also contribute to a cleaner and greener India. Contact us today to learn more about government subsidies for solar products and how you can make the switch to solar power.
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