Save Rs 18K a year in electricity bills via this scheme

Finance Minister Nirmala Sitharam announced a rooftop solar panel scheme for 1 crore houses up which will offer 300 units for free under Pradhan Mantri Suryodaya Yojana. This scheme will help users save up to Rs 15000-18000 per annum.

Sandiip Bhammer, Founder and Co Managing Partner, Green Frontier Capital says “The decision to provide free electricity via rooftop solarization is a double win – it reduces the environmental impact and eases the financial burden on households. It’s a model initiative for sustainable development.”

Sneha P Pai- Senior Director, Direct Tax Nexdigm says, “The rooftop solar electricity program is an excellent step towards green energy. Reduces burden on electricity distribution companies, on coal and other minerals and makes uninterrupted electricity available to individuals. A win win for all.”

What is Pradhan Mantri Suryodaya Yojana

The Pradhanmantri Suryodaya Yojana intends to supply power household through solar rooftop installations while also providing extra money for excess electricity output. Prime Minister Narendra Modi made this announcement on January 22, 2024.

The Prime Minister also requested that a big national campaign be launched to encourage residential users to choose rooftop solar in significant numbers.

According to the Press Information Bureau (PIB) release dated January 22, 2024, “Immediately after his visit to Ayodhya on the auspicious occasion of consecration of Suryawanshi Bhagwan Shri Ram, Prime Minister chaired a meeting to launch “Pradhanmantri Suryodaya Yojana” with the target of installing rooftop solar on 1 crore houses.

During the meeting, Prime Minister said that the power of the sun can be harnessed by every household with a roof to reduce their electricity bills and to make them truly aatmanirbhar for their electricity needs.”

Also read: Income Tax Budget 2024 Live update

Who is eligible for the scheme

Through the Pradhan Mantri Suryodaya Yojana, 1 crore families will be given access to rooftop solar energy. This scheme is meant to help poor and middle-income households lower their electricity bills.

Government’s previous rooftop solar programme

In 2014, the government initiated the Rooftop Solar Programme with the goal of attaining a total installed capacity of 40,000 megawatts (MW) or 40 gigawatts (GW) by 2022. A watt, a unit of power, is determined as the quantity of energy utilized over time, specifically one Joule per second.

What are the advantages of Grid-Connected Rooftop Solar System?

• Saving on electricity bill by the consumer.

• Utilization of available vacant roof space, no additional land required.

• Low gestation period.

• No additional requirement of transmission and distribution (T&D) lines.

• Reduces T&D losses as power consumption and generation are collocated.

• Improvement in the tail-end grid voltages and reduction of system congestion.

Long term energy and ecological security by reduction in carbon emission.

• Better management of daytime peak loads by DISCOM/ utility.

• Meeting of the Renewable Purchase Obligations (RPOs) of obligated entities.

What is the general procedure for installation of Rooftop Solar system for beneficiary?

The interested beneficiary may install the solar rooftop systems through project developers/system integrators/manufactures etc. after taking necessary approval from DISCOMs within the capacity limit as laid down in the order of respective State Electricity Regulatory Commission/Joint Electricity Regulatory Commission of the respective States/UTs

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William Murphy

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