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The Cabinet Economic Affairs Committee (CCEA), chaired by Prime Minister Narendra Modi, has approved financial support totaling more than 46,000 crore rupees ($6.
48 billion) by 2022 to boost farmers' use of solar energy and boost the country's rooftop solar program
.
With the national elections in April and May approaching, India's rooftop solar project received financial support
of Rs 11,814 crore.
Under the plan, the National Housing Association and the Residents' Welfare Association will receive financial support to install rooftop PV, as India aims to achieve 40 GW of rooftop solar installed capacity by 2022, accounting for 40%
of the country's 100 GW solar target.
Residential solar schemes are government subsidies of 40% of the cost of rooftop solar systems under 3 kW; Larger systems, i.
e.
between 3-10 kW in size, will receive a 20% subsidy from government funding; Collective housing associations and housing welfare associations receive a 20% subsidy for facilities with a capacity of up to 10 kW per house, with a total capacity of 500 kWp
per association.
The central government's financial support for the KUSUM Rural Solar Energy Programme amounted to Rs 34,422 crore
.
Through the plan, the government plans to increase solar power generation by 25.
75 GW by 2022 by promoting the installation of "distributed ground installations" with a total capacity of 10 GW, grid-connected renewable power plants, and the deployment of 1.
75 million independent solar agricultural pumps
.
For solar-powered agricultural pumps, the central government will provide farmers with a 30 per cent benchmark or input cost (whichever is lower), while the state government will provide an additional 30 per cent subsidy
.
The Cabinet Economic Affairs Committee (CCEA), chaired by Prime Minister Narendra Modi, has approved financial support totaling more than 46,000 crore rupees ($6.
48 billion) by 2022 to boost farmers' use of solar energy and boost the country's rooftop solar program
.
With the national elections in April and May approaching, India's rooftop solar project received financial support
of Rs 11,814 crore.
Under the plan, the National Housing Association and the Residents' Welfare Association will receive financial support to install rooftop PV, as India aims to achieve 40 GW of rooftop solar installed capacity by 2022, accounting for 40%
of the country's 100 GW solar target.
Residential solar schemes are government subsidies of 40% of the cost of rooftop solar systems under 3 kW; Larger systems, i.
e.
between 3-10 kW in size, will receive a 20% subsidy from government funding; Collective housing associations and housing welfare associations receive a 20% subsidy for facilities with a capacity of up to 10 kW per house, with a total capacity of 500 kWp
per association.
The central government's financial support for the KUSUM Rural Solar Energy Programme amounted to Rs 34,422 crore
.
Through the plan, the government plans to increase solar power generation by 25.
75 GW by 2022 by promoting the installation of "distributed ground installations" with a total capacity of 10 GW, grid-connected renewable power plants, and the deployment of 1.
75 million independent solar agricultural pumps
.
For solar-powered agricultural pumps, the central government will provide farmers with a 30 per cent benchmark or input cost (whichever is lower), while the state government will provide an additional 30 per cent subsidy
.