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Use Solar Power to enjoy low electricity bills along with subsidy benefits

central government pays a 30% subsidy

 

Solar energy being the most abundantly available and renewable source of energy, people across the globe are looking up to solar energy as a source of uninterrupted supply of electricity whether in residences, work places or industries. Solar energy not only reduces the carbon footprint, but also substantially decreases monthly electricity bill. India being a tropical country gets ample sunlight all round the year to produce sufficient amount of solar power. A research shows that most parts of the country receive 4-7 kWh per sq. m sunlight per day which is enough to produce electricity. Zeroing on this potential, the Government of India is focusing upon producing solar power for multiple uses in households and commercial projects. To attract more people adopting solar power in their daily life, both the central and state government has introduced several subsidy schemes.

In presence of sunlight the solar panel produces Direct current (DC) which flows through the solar inverter and changes into Alternate current (AC). The solar inverter is usually connected to a grid which directs the current to the appliances to help them run smoothly.

The on grid solar system is connected to the public electricity grid. It exports the excess solar power to the electricity grid and the user receives a feed-in-tariff (FiT) or credits for the energy exported. The on grid solar system works in presence of a constant electricity supply from the power grid and is compatible for installing on roof top.

Government Subsidy

Installing solar panel on roof top involves a huge investment. But there is a provision for availing priority sector loans upto 10 lakhs from the nationalised banks. The Ministry of New and Renewable Energy, Central Government has a scheme of bearing 30% of benchmarked installation cost for the rooftop Photovoltaic system. If you are planning to install roof top solar panel, you can easily avail this government subsidy. For UTs and states like Uttarakhand, Sikkim, Himachal Pradesh, Jammu & Kashmir, and Lakshadweep, the government pays 70% of the earmarked installation cost.

You can also sell the excess electricity produced in your solar unit to the electricity grid at Rs. 2 per unit.

Solar Panel Subsidy in Uttar Pradesh

The UP Government is widely encouraging the people of the state to install roof top solar panels in their houses as a measure to supplement the huge requirement of electricity. The solar panel subsidy in Uttar Pradesh is Rs 15,000 per KW for the development of rooftop solar projects in residences. The size of the rooftop must be enough to install 10KW capacity solar panel. You can also avail Central subsidy which is 40% for the first 3KW and 20% on remaining 7KW.

Application Procedure to Avail Solar Panel Subsidy in Uttar Pradesh

Application for Solar Panel Subsidy in Uttar Pradesh can be done online and offline both. For this you have to furnish certain documents like identity proof, address proof, recent photo, Aadhar card, Bank details, electricity bill, site photographs, technical specification details, etc. You can also contact Power Distribution Company (DISCOM) to know about the procedure of availing Solar Panel Subsidy in Uttar Pradesh.

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