• The aims of Grid Connected Rooftop and Small Solar Power Plants Program’  to promote installation of grid-connected solar rooftop systems in residential, social, institutional and government sectors in the country.  

  • The capital subsidy of 30% (70 % for special category States and Andaman & Nicobar and Lakshadweep Islands) is available for residential, institutional (hospitals, educational institutions etc.) and social sectors. For the Government Institutions/Public Sector Undertakings (PSUs), achievement-linked incentives/awards are being provided. There is no subsidy for commercial and industrial establishments in the private sector as they are eligible for other benefits such as accelerated depreciation, custom duty concessions, excise duty exemptions and tax holiday etc.

  • Reserve Bank of India has included renewable energy projects under priority sector lending for which bank loans up to a limit of Rs. 15 crores to borrowers will be available for renewable energy projects including grid-connected solar rooftop and ground-mounted systems. For individual households, the loan limit is Rs. 10 lakh per borrower.