Free electricity under PM Surya Ghar Muft Bijli Yojana: How much can you save, what is the subsidy

The government recently launched a campaign for raising awareness and generating applications from interested households for Surya Ghar Muft Bijli Yojana for Roof Top Solar Scheme. This new scheme provides free electricity to one crore households in India, who opt to install roof top solar electricity unit

What is PM Surya Ghar Muft Bijli Yojana?

PM Surya Ghar Muft Bijli Yojana is a Central Scheme that aims to provide free electricity to one crore households in India, who opt to install roof top solar electricity unit. Each month, homeowners will be able to receive 300 units of free power

Also read: PM Surya Ghar Muft Bijli Yojana: Step-by-step guide on how to get subsidy in your bank account within 30 days

How much can you save and what is the subsidy

The PM Surya Ghar Muft Bijli Yojana offers an annual savings of roughly Rs 15,000 for a home consuming up to 300 units per month by installing a Roof Top Solar unit of 3 kW capacity. A family that generates its own power will save between Rs 1,800 and Rs 1,875 on their monthly bill.

In addition to reducing their electricity costs, the homeowners will be able to increase their revenue by selling any excess energy to DISCOMs.

Cap on the subsidy

Under the initiative, a 40% extra system cost is subsidised for systems between 2 and 3 kW in capacity, while 60% of the cost of the solar unit is covered for systems up to 2 kW in capacity. There is a 3 kW capacity cap on the subsidy. According to the current benchmark rates, a 1 kW system will receive a subsidy of Rs 30,000, a 2 kW system of Rs 60,000, and a 3 kW system or more of Rs 78,000.

In case if loan is availed to install Solar rooftop panel
Even after deducting the EMI of Rs 610 on the loan used to finance the solar unit, the savings would be roughly Rs 1,265 per month, or approximately Rs 15,000 annually. Households that do not take out a loan will save much more money.

Who is eligible to apply for the Scheme?

1. The applicant must be an Indian citizen.
2. Must own a house with a roof that is suitable for installing solar panels.
3. The household must have a valid electricity connection.
4. The household must not have availed of any other subsidy for solar panels

Also read: Who is eligible to apply for free electricity under PM Surya Ghar Muft Bijli Yojana?

How to apply for PM Surya Ghar Muft Bijli Yojana?

The interested person must first create an account on the national website, pmsuryaghar.gov.in. Households will find from the National Portal's provision of pertinent data, including vendor ratings, benefits calculators, and suitable system sizes. Customers have the option of selecting the manufacturer and supplier of the rooftop solar system they want installed.

What is the procedure for availing subsidy?

Step 1
● Register on the portal
● Select your State & Electricity Distribution Company
● Enter your Electricity Consumer Number, Mobile Number & Email.

Step 2
● Login with Consumer Number & Mobile Number
● Apply for the Rooftop Solar as per the form

Step 3
● Once you get the feasibility approval, get the plant installed by any of the registered vendors

Also read: How to avail subsidy under new solar rooftop scheme

Step 4
● Once installation is completed, submit the plant details and apply for net meter.

Step 5
● Commissioning certificate will be generated from the portal, after installation of net meter and inspection by DISCOM.

Step 6
● Once you get the commissioning report. Submit the bank account details and a cancelled cheque through the portal. You will receive your subsidy in your bank account within 30 days.