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What is PM – Surya Ghar: Muft Bijli Yojana?
Pradhan Mantri Muft Bijili Yojana , also known as the free electricity scheme, is a government subsidy scheme launched by Prime Minister Narendra Modi on February 15, 2024, to provide free electricity to homes in India. This is for installing solar panels on rooftops of houses. Through this solar panel government scheme, households can produce their own electricity with rooftop solar panels by eliminating the traditional electricity and making the bill zero.
The scheme provides considerable solar panel subsidies to make renewable energy more affordable. The scheme offers a subsidy of up to 60% of the cost of solar panels with a maximum capacity of 2 kW, and the price is 60,000. For 3 kW, the subsidy is up to 40%, and the price you will get is 78000. Take advantage of this opportunity to switch to solar energy and save more!
Subsidies for installing rooftop solar panels
| Product | Customer rate | Down payment | Loan amount | 5 year EMI | 10 year EMI | Subsidy | After subsidy |
|---|---|---|---|---|---|---|---|
| 2KW 1PH | 150000 | 15000 | 135000 | 2673 | 1567 | 60000 | 90000 |
| 3KW 1PH | 210000 | 21000 | 189000 | 3546 | 2080 | 78000 | 132000 |
| 5KW 1PH | 310000 | 62000 | 248000 | 5269 | 3277 | 78000 | 232000 |
| 8KW 3PH | 450000 | 90000 | 248000 | 7649 | 4757 | 78000 | 372000 |
| 10KW 3PH | 550000 | 110000 | 440000 | 9349 | 5815 | 78000 | 472000 |
This is how the subsidy is allocated for different sizes of solar panels. In Kerala, for a 2 kW solar panel, the estimated price is 1,44,000 onwards. The subsidy you will get for this is 60,000, and the price after the subsidy will be Rs. 90,000. This is not a big deal when considering the monthly electricity bill. You will definitely get the ROI in a few years.
Eligibility To Get Solar MNRE Subsidy
The households should meet some criteria to get PM Surya Ghar Solar Subsidy in Kerala. Here it is,
Indian citizen households
Home with Solar-Ready Roof Required
House with Valid Electricity Connection
No prior solar subsidies
How Will You Get The Solar Panel Subsidy?
Follow these simple steps to get the solar panel subsidy.
Otherwise, you can contact a reliable solar company, like us; we can help you register for a solar panel subsidy. Within 7 days, you will get the subsidy amount in your bank account directly for those who applied.
What Are The Documents Needed To Apply Solar Panel Subsidy Kerala?
You need to provide the below documents to apply for a solar subsidy in Kerala.
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Benefits You Will Get From The PM Surya Ghar Muft Bijli Yojana Scheme?
PM Suryaghar Muft Bijili Yojana has some benefits for households in Kerala and India. They are:
Lower electricity bills
Increased awareness
Energy self-sufficiency
Reduced carbon footprint
Free electricity for households
Increased use of renewable energy
What Are You Looking For?
Frequently Asked Questions
- Lowering initial costs
- Tax incentives
- Reducing electricity bills
- Long-term financial benefits
- Reduced overhead costs