Blog

PM-Surya Ghar Muft Bijli Yojana: Over 1 Crore Households Benefit from Solar Rooftop Scheme

The PM-Surya Ghar Muft Bijli Yojana is a groundbreaking initiative launched by the current government, aimed at providing free electricity to households through the installation of rooftop solar electricity units. This innovative scheme promises 300 units of free electricity per month to participating households, significantly reducing their electricity bills and promoting renewable energy adoption.

Key Features of the PM-Surya Ghar Muft Bijli Yojana

• Target Audience: The scheme focuses on households with a solar system capacity of up to 3 kW, covering most residential consumers in India.
• Subsidy Details:
  • 60% subsidy for systems up to 2 kW capacity.
  • 40% subsidy for systems between 2-3 kW capacity.
  • No subsidy for systems exceeding 3 kW capacity.
• Subsidy Amounts:
  • Rs 30,000 for 1 kW systems.
  • Rs 60,000 for 2 kW systems.
  • Rs 78,000 for 3 kW systems.

Steps to Install a Solar Rooftop System

1. Register on the National Rooftop Solar Portal: Start by registering on the official portal.
2. Choose a Vendor: Select a vendor from the list provided on the portal.
3. Valid Electricity Connection: Ensure you have a valid electricity connection and have not availed any other subsidy for solar panels.

Financing Options for System Installation

If the cost of system installation exceeds the subsidy:

• Low-Interest Loans: Access collateral-free, low-interest loans until the subsidy is credited.
• Upfront Cost: Pay 10% of the cost upfront.
• Remaining Cost: Secure a loan for the remaining 90% at a 7% interest rate.
• Subsidy Offset: The central subsidy will offset the loan amount upon system commissioning.
• Loan Repayment: The remaining 30% of the loan is repaid over a 10-year period through monthly installments.

Benefits of the Scheme

• Cost Savings: Significant reduction in electricity bills with 300 units of free electricity per month.
• Sustainable Energy: Promotes the use of renewable energy, reducing carbon footprint.
• Financial Assistance: Easy access to subsidies and low-interest loans.

Conclusion

The PM-Surya Ghar Muft Bijli Yojana is a transformative step towards sustainable energy and financial savings for Indian households. By leveraging the power of solar energy, the scheme not only helps in reducing electricity costs but also contributes to a greener environment.

For more information on the scheme and to register, visit the National Rooftop Solar Portal.

Switch To Solar With Solarurjaa Family – Contact Us Today

READ MORE–The Top Benefits of Switching to Rooftop Solar Panels for Your Home