If you’ve been wondering how to save electricity bills, then the “PM Surya Ghar Muft Bijli Yojana” might be the right answer for you. This scheme, launched in February 2024, aims to make solar energy accessible to more than one crore households across India.
this scheme provides substantial subsidies to install rooftop solar panels. It gives the each and every families a chance to produce their own electricity for free.
So let’s explore how this scheme works, its eligibility, benefits, and how you can take advantage of it. Each and every detail we will discuss here about this “PM Surya Ghar Muft Bijli Yojana“.
What’s the PM Surya Ghar Muft Bijli Yojana?
The PM Surya Ghar Muft Bijli Yojana is a government scheme designed to provide free electricity through solar energy. As we discuss this scheme, you’ll notice how “PM Surya Ghar Muft Bijli Yojana” works. After all, it’s important to keep things clear and direct, especially when talking about such a beneficial government scheme.
The key idea here is to give you access to solar power at almost no cost to you. With the right setup, you could get up to 300 units of electricity every month for free!
The government is giving a subsidy to make solar power more affordable. You can get up to 60% of the cost covered for a 2 kW system and 40% for systems between 2 and 3 kW. This means you can install rooftop solar panels at a lower cost and start producing your own power right away.
Key Features and Benefits
- Subsidies and Low-Interest Loans: This scheme offers a subsidy ranging from ₹30,000 for a 1 kW system up to ₹78,000 for systems of 3 kW. You can also apply for collateral-free loans at a 7% interest rate to help cover the installation costs, making solar power even more accessible.
- Free Electricity and Extra Income: With a rooftop solar system, you can produce enough electricity to cover your household needs. On an average, a 3-kW system generates over 300 units per month. If you produce more than you use, you can sell the surplus to DISCOMs (distribution companies), which gives you an extra income stream.
- Environmental and Economic Impact: This scheme not only reduces household electricity bills but also helps reduce carbon emissions. It is estimated to add 30 GW of solar capacity, generate 1,000 billion units of electricity, and reduce CO2 emissions by 720 million tonnes over 25 years. Plus, it is expected to create approximately 17 lakh direct jobs, boosting the economy significantly.
- Model Solar Villages: To promote solar energy in rural areas, the government will create “Model Solar Villages” in each district. Selected villages will receive ₹1 crore in central financial assistance to become role models in adopting solar energy, thereby encouraging other communities to follow suit.
| Benefits | Details |
|---|---|
| Free Electricity | Up to 300 units per month for eligible households. |
| Central Financial Assistance (CFA) | Subsidy of 60% of system cost for 2 kW; 40% for systems between 2-3 kW. |
| Collateral-Free Loans | Low-interest loans (around 7%) available for systems up to 3 kW capacity. |
| Extra Income | Households can sell surplus power to DISCOMs for additional income. |
| Environmental Impact | Contributing to 30 GW of solar capacity, reducing 720 million tonnes of CO2. |
| Model Solar Villages | One village in each district will receive incentives to promote solar energy. |
| Average Monthly Electricity Consumption (units) | Suitable Rooftop Solar Plant Capacity | Subsidy Support |
|---|---|---|
| 0-150 | 1-2 kW | ₹30,000 to ₹60,000 |
| 150-300 | 2-3 kW | ₹60,000 to ₹78,000 |
| > 300 | Above 3 kW | ₹78,000 |
How to Apply for the Scheme
If you’re interested in installing a solar panel system under the PM Surya Ghar Muft Bijli Yojana, you can register on the official National Portal. The portal will guide you through vendor selection, provide details on the appropriate system sizes, and even calculate the benefits you’ll receive. You’ll also be able to access ratings for various vendors, helping you make an informed choice.
Eligibility Criteria
Here in this below table you will get to know about the eligibility criteria for the PM Surya Ghar Muft Bijli Yojana:
| Eligibility Criteria | Details |
|---|---|
| Residential Households | Only households are eligible for rooftop solar installation. |
| Capacity Limit | Subsidy available for systems between 1 kW to 3 kW. |
| Application Platform | Applicants must register on the National Portal. |
| Vendor Selection | Eligible households need to select from government-approved vendors. |
Final Thoughts
Choosing to install a solar power system not only helps you save on electricity costs but also makes a significant contribution to environmental sustainability. The PM Surya Ghar Muft Bijli Yojana offers a practical way for households to access renewable energy and generate income from surplus electricity. With this scheme, India is moving towards a more sustainable future, ensuring that clean energy is accessible to everyone.
If you are willing to take solar energy, then it might be the perfect time to take action. The government is making it easy for you with financial assistance, and the potential savings. So, what are you waiting for? Start saving with the PM Surya Ghar Muft Bijli Yojana today!