New Delhi subsidizes photovoltaic inverters

What is the capital subsidy for solar projects in Delhi?

State Capital Subsidy: Under the new Delhi Solar Policy, the Capital subsidy for all Solar projects for residential customers shall be given at the rate of Rs. 2,000/- per KW upto a maximum of Rs. 10,000/- per consumer. The subsidy will be passed through their first electricity bill post-commissioning of the RTS system.

Is New Delhi serious about solar energy?

The revision is a sign that the country is serious about solar energy. New Delhi’s solar policy sets 6,000 MW of solar capacity as its target by 2025. This will increase Delhi’s share of solar energy from 9% to 25% in three years. In its 2016 solar policy, the government set a target of 2,000 MW for solar power installations by 2025.

Does Delhi offer a solar subsidy besides CFA?

Apart from this, under the new solar policy, the Delhi government is also offering a solar subsidy in addition to the CFA. Through the recently launched National Portal for Rooftop Solar, one can directly apply for subsidy online and track the entire process from application submission to transfer of funds to the respective bank account.

What is Delhi solar policy 2024?

At the end of January 2024, Chief Minister Arvind Kejriwal announced Delhi Solar Policy 2024 with multiple financial incentives for residential, commercial, and industrial solar consumers. The new policy aims to achieve 4.5 GW of solar capacity by March 2027. The policy also provides multiple initiatives:

Should you apply for solar rooftop subsidy in Delhi?

Sell extra electricity for secondary income sources: Another benefit of applying for solar rooftop subsidy in Delhi is that consumers can sell off the excess electricity. With the right system size, you are likely to see surplus solar energy output during peak sun hours.

Does Delhi have a potential for rooftop solar?

This is because due to the dearth of space, the scope for utility-scale solar projects in the city is limited. But, the potential for rooftop solar on the other hand is very high. Studies have shown that Delhi has over 2.5 GW of potential in the rooftop solar segment.