₹18,000 to ₹20,000 per KW for 1 KW systems. On January 21, the government simplified rooftop solar implementation rules, followed by Prime Minister Narendra Modi's announcement of the PM Suryodaya Yojana on 22 January, enabling one crore households to set up solar panels on their rooftops. In 2014, the government launched the rooftop solar programme with a cumulative installed target of 40 GW by 2022.
This target hasn’t been achieved and only about 10 GW of rooftop capacity has been installed by December 2023. Most of this capacity is by industrial and commercial establishments with the residential category contributing to only about 3 GW. The PM Suryodaya Yojana is another attempt to accelerate efforts to reach the target of 40 GW.
On 13 February, the PM announced the yojana with a new name - PM Surya Ghar: Muft Bijlee Yojana – and some more specifics such as the investment of over ₹75,000 crore to light up 1 crore households and providing up to 300 units of free electricity per month. On 29 February, the Union cabinet approved the scheme with a total outlay of ₹75,021 crore. The scheme incentivizes rooftop solar installation by providing an increased subsidy of up to ₹30,000 per KW for up to 2 KW and ₹78,000 for 3 KW or higher plus loans at 7%, development of a model solar village for rural areas, payment security for renewable energy service companies (RESCOs) and a fund for innovative projects and a dedicated portal for online registration and availing benefits.
Read more on livemint.com