Solar Subsidy in Punjab - Get 40% Subsidy On Rooftop Solar
Punjab - A state known for its five rivers just as its name PUNJ-AB suggests & heart of nation’s Sikh community, with a varying yet effective climate for using solar throughout in some regions. Solar panel installations in Punjab will help in improving its climate even more.
Hence, Punjab’s state & national government is focusing on more and more rooftop solar installation in the entire state. For their goal of seeing Punjab on its max solar capacity, they have launched a subsidy for helping with the costs of solar rooftop systems.
What is a Solar Rooftop System?
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 out of which one is Grid Connected Solar Rooftop System.
Grid Connected Solar Rooftop System:
- Solar Rooftop System accompanied with a storage facility that utilizes a battery is the grid connected solar rooftop system.
- But to be able 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 above points, you will be allowed to install Solar PV plants as they are the essentials for any grid connected solar rooftop system. To purchase solar panels, solar panel price should be most cost-effective.
How much subsidy is available in Punjab?
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 which will help make solar more affordable. This subsidy is available for residential sectors only. CFA will be provided if funds are available from MNRE, Government of India.
Anyone who has sanctioned electricity load of more than 1.25 kW and wishes to generate electricity ensuring their contribution toward a better environment can avail this subsidy provided by Punjab, GOI.
In domestic sectors, the Government of India will provide a maximum of 40% on cost as subsidy, of the installation of rooftop solar power plants. If the residential sector installs a rooftop solar plant;
- Of maximum up to 3kW capacity, the CFA allotted is 40% of cost or cost discovered through competitive process; whichever is lower.
- Of capacity ranging from 3kW to 10kW would receive a CFA of 40% up to 3kW capacity. And capacity above 3kW will receive an additional 20% CFA on cost. If the capacity exceeds 10kW no CFA is allotted, hence no subsidy on capacity above 10kW.
- Users can install a rooftop solar plant of capacity higher than 10kWp, but subsidy will be limited for users with 10kWp capacity max in residential sector.
- For GHS (Group Housing Societies) / RWA (Residential Welfare Association), maximum capacity of rooftop solar plant allowed for single house is 10kWp and total is up to 500kWp for availing subsidy of 20% on cost or cost or cost discovered through competitive process; whichever is lower.
For non-residential sectors like social, government, institutional, and so on, GOI does not provide any subsidy as mentioned earlier.
Who can set up the subsidized projects?
The companies empaneled by PSPCL are eligible to install rooftop 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 Energies is one out of few solar companies that provide the best deal of bifacial solar panels price in India.
You can also read: Solar Panel Subsidy in India
What is the minimum warranty period predicted under the scheme?
The warranty in the case of solar PV modules should be on the basis of the output watt peak capacity. At the end of 10 years, the output watt peak capacity of PV modules should not be less than 90%, and by the end of 25 years, it shouldn’t be lower than 80%.
Any problem related to mechanical structures, or electrical works and overall workmanship of the solar PV modules, should be warranted for 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 considered responsible.
What is the payment process for subsidized solar rooftop projects?
The consumer who is eligible and is interested for installing solar project in his premises will make pa4ment to vendor empaneled by PSPCL after deducting subsidy (CFA) amount from the total invoice amount.
The consumers are advised to fix the terms and conditions of the payment and sign an agreement before making advance payment and along with that not to pay 100% advance payment to the companies for installation of roof top solar power plant. Also the consumers should make sure to take the receipt for the same.
Now that the basics for solar subsidy in Punjab is clear, let’s talk about if you can choose Waaree Energies for your subsidized solar projects. Yes, you can! You can choose one of the best solar manufacturers in India to get your subsidized solar project installed through our widespread franchise network all over the nation. We at Waaree make sure to 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!
To know about Waaree’s various solar products in detail visit our website or call on our toll-free 1800-2121321 number now!