Anyone who want to install rooftop solar (RTS) panel system, they once have to check the subsidy amount structure offered for their rooftop solar system under PM Surya Ghar Muft Bijli Yojana.
Here we discussed all the details about Pradhan Mantri Surya Ghar Yojana Subsidy Amount either you want to install 1 KW Solar panel or 2 KW or up to 10 KW solar panel. Also you can use solar rooftop calculator for the counting of rooftop solar subsidy in PM Sun House Muft Bijli Yojana.
Solar Panel Subsidy for 1 KW Capacity 2024
As per the central government order, of you want to install 1 KW Rooftop Solar Panel then you will get 60% of the solar subsidy under PM Surya Ghar Muft Bijli Yojana. As per the today’s (March, 2024) benchmark, Central Govt of India provide Rs 30,000 for 1 KW Solar Panel. Because as per the official website, cost of the 1 KW solar panel is nearly 50,000 rupees.
Subsidy Amount for 2 KW Solar Panel under PM Surya Ghar Yojana
As per the benchmark value you will get same 60% subsidy for the 2 KW Rooftop Solar panel installation under the scheme. If you want to know subsidy value in Indian rupees then you will get doubled the subsidy amount from the 1 KW. It means for the 2 KW solar panel installation you will get Rs 60,000 and it will total cost about Rs 1 lakh.
PM Surya Ghar Muft Bijli Yojana Subsidy Amount for 3 to 10 KW Solar Panel
Here is the change occurs in the subsidy Structure. Because central government of India fixed the subsidy amount for 3 kW or more then thal capacity of solar panel installation. If you want to install 3 KW solar panel system then you will get about 54% of the subsidy and it will exact amount is 78,000 rupees. If you want to install more than 3 kW or less than 10 KW solar panel then the subsidy amount will be same as 78 thousand rupees from the central government.
How to calculate subsidy amount for random solar panel capacity?
Random capacity of solar panel means if any company offers 1 solar panel plate about 540 watt while another offers 560 watt panel. In this case of your chosen solar panel manufacturing company produces 550 watt panel and you want to install 2.75 KW capacity then here is the calculation for that.
You have to calculate as the reference of 3 KW. Central Govt provide 78,000 rupees subsidy for 3 KW solar panel then what about 2.75 kW solar panel. Simple calculation is (78,000*2.75/3). It means you will get 71,500 rupees for 2.75 KW Solar Panel capacity under the Pradhanmantri Surya Ghar Muft Bijli Yojana.
Quick PMSGMBY Subsidy Amount Table
| Solar Panel Capacity | PM Surya Ghar Subsidy Amount (Nov. 2024) |
|---|---|
| 1 KW | Rs 30,000 |
| 2 KW | Rs 60,000 |
| 3 to 10 KW | Rs 78,000 (Fixed) |
Note: Here for example we informed you that central government will provide Rs 30,000 it means government set this subsidy price on current benchmark. If in future government will changes their benchmark then here we provide correction of subsidy amount at that time. One another thing is this subsidy amount is for only residential owners not for commercial purpose.
The Final Takeaway
Through this article you can easily understand about solar panel subsidy Structure under the newly launched PM Surya Ghar Yojana. You can use the solar rooftop calculator also where you will get the full details of the subsidy Structure. For every updates about the Scheme published in this website; pmsuryaghar.in which you can bookmark the page also.
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