Solar Subsidy In Punjab - Get 40% Subsidy On Rooftop Solar
25th May 2021
A Solar Rooftop System includes installing solar panels in the roof of various sectors such as residential, social, institutional, government, industrial and commercial buildings. Solar Rooftop Systems can be of two types:
If you wish to install Solar PV plants on the rooftop or any open area, you need to receive an electricity sanctioned load of more than 1.25 kW.
By following these points, you would be allowed to install Solar PV plants. To purchase solar panels, the Adani mono perc solar panel price is the most cost-effective.
How much subsidy is available?
As of 8th March 2019, it was stated that the Punjab State Power Corporation Limited (PSPCL) would provide Central Finance Assistance (CFA)/Subsidy for Grid Connected Rooftop Solar Plants under Net Metering, approximately a capacity of 1 to 10 kW as per MNRE, GOI. CFA will be provided if funds are available from MNRE, Government of India.
In domestic sectors, the Government of India will provide a maximum of 40% of subsidy on the installation of rooftop solar power plants. If the residential sector receives,
For other sectors like social, government, institutional, and so on, GOI does not provide CFA, i.e., subsidy.
Who can set up the subsidized projects?
The companies empaneled by PSPCL are eligible to install solar panels or any project related to solar PV in subsidized projects. Whereas for projects that are non-subsidized, empanelment is not necessary. Waaree is one of the most leading solar panel companies that provide various solar PV equipment. Waaree and Adani solar both provide the best deal of bifacial solar panels price in India.
What is the minimum warranty period predicted under the scheme?
The warranty in the case of solar PV modules is based on the output watt peak capacity. At the end of 10 years, the output watt peak capacity should not be less than 90%, and at the end of 25 years, 80%.
Any problem related to mechanical structures, or electrical works of the solar PV modules, should be warrantied a minimum period of 5 years. The same will help cover up against problems related to inverters, distribution boards, storage batteries, or any other problem, related to installation, design, or manufacturing.
Who is responsible for the solar rooftop system?
Once you are eligible to get the solar PV plant installed, be there any deficiency or fault in the services and goods, the PSPCL will not be held responsible. From purchasing the system to getting it installed, you shall be responsible.
We at Waaree provide the best services as well as quality goods. With our strong foundation in solar power manufacturing, we contribute to making India the world’s largest solar-powered nation!