Subsidy Support

Government Subsidy

The Indian government offers various subsidies and incentives for domestic customers who switch to solar energy. Some of these include:

  1. Capital subsidy
  2. Interest subsidy
  3. Accelerated depreciation
  4. Net metering
  5. Renewable Energy Certificates (RECs)

Capital Subsidy

The Indian government offers a capital subsidy of 30% of the benchmark cost for general category states and 35% for special category states for residential rooftop solar PV systems. This subsidy can significantly reduce the upfront cost of installing solar panels on your home, making it more affordable for you. By availing this subsidy, you can lower the cost of your solar panel installation and start saving on your electricity bills right away. Our team can provide you with the guidance and support you need to apply for and take advantage of this subsidy. Don’t miss out on this opportunity to save on your solar panel installation.

Interest Subsidy

The Indian government also offers an interest subsidy of 7% per annum on a loan of upto Rs. 15 Lakhs for residential rooftop solar PV systems. This subsidy can help you to reduce the financing costs of your solar panel installation, making it more affordable for you. By availing this subsidy, you can lower the cost of your solar panel installation and start saving on your electricity bills right away.

Accelerated Depreciation

The Indian government offers tax benefits of up to 80% of the cost of the solar PV system can be claimed under accelerated depreciation in the first year for residential solar power consumers. This means that you can deduct a larger percentage of the cost of your solar panel installation in the first year, resulting in significant tax savings. By availing this subsidy, you can lower the cost of your solar panel installation and start saving on your electricity bills right away. Our team can provide you with the guidance and support you need to apply for and take advantage of this susbidy. Don’t miss out on this opportunity to save on taxes for your solar panel installation.

Net Metering

Net metering enables residential customers to get credits on their electricity bills for excess energy they feed into the grid. It allows you to generate your own electricity during the day and use excess energy to offset your nighttime usage or even sell it back on the grid. Our team can provide you with the guidance and support you need to apply for and take advantage of this susbsidy. With net metering, you can maximize your savings and make the most out of your solar panel system.

Renewable Energy Certificates (RECs)

Renewable Energy Certificates (RECs) are a way for residential and commercial consumers to earn income by selling the excess energy they produce back to power distribution companies. These certificates act as a proof of generation of electricity from renewable energy sources. By generating and selling these certificates, you can earn additional income and offset the costs of your solar panel system. Our team can provide you with the guidance and support you need to apply for and take advantage of this subsidy. Renewable Energy Certificates can be a great way to maximize your savings and make the most of your solar panel system.
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