We know that Solar Energy is free & clean energy, and it reduces the dependency on natural resources, such as Water and Coal. The government wants to install solar power in each house through which each home’s roof will produce self-energy. Government supports financially to install of solar power in residential homes.
The scheme has been designed to foster innovation, facilitate investment, protect intellectual property, enhance skill development, and build the best infrastructure for MSMEs.
How do we help?
Recognizing the importance of SME growth in the post-demonetization era, the government has started some new business loan schemes and boosted other existing ones. We are here to help you with loan schemes from the government of India that you can avail.
Solar Subsidy Benefits:
The subsidy is only available on Residential Homes (Individual Homes & Big Apartments), not commercial and industrial sectors. A solar subsidy is only available on Grid Connected Solar System (Without Battery System). As installing a solar system is a huge investment, the financial assistance motivates people to invest and takes some burden off their shoulders.
- Subsidy Amount – Up to 3kW – 40% Subsidy,
- 4kW to 10kW – 20% Subsidy &
- More than 10kW – No any subsidy
Homeowners can only install a solar system and claim subsidy through the state DISCOM. They will share customer details and register the nearest channel partner. You can find all states DISCOMS from here.
If you install solar system though subsidy scheme, the solar installation company will provide 5 years of performance warranty, then after you are self responsible for your solar system.
This subsidy is not available for commercial and industrial customers because they can avail other benefits like accelerated depreciation, tax holidays, excise duty exemptions.
Channel Partners benefit from a larger customer base and more business. It is difficult for a common person to figure out the processes of getting the subsidy though he very much desires it. It is now that the channel partner comes into the picture. He tries to work with the customer and the government departments and expedite the process of getting a subsidy for the customer.
Power consumption demands reduce in residential sectors, and they can give more in commercial area. We know that Commercial areas need more electricity than residential.
The customer is happy as he got his financial aid, the channel partner is happy as he got a new customer and the government is happy too as it is one step closer to its solar target installation.
How can we help you?
Submit a business inquiry online for more information.
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