Subsidy cut for rooftop solar projects
NEW DELHI: Installing a rooftop solar system may be much more expensive soon both for commercial establishments and residents. Large, commercial establishments that are already paying higher tariff for conventional power may not be entitled to the central government’s 30% subsidy any more according to a public notice issued on January 2, 2014 MNRE.
The Ministry of New and Renewable Energy (MNRE)’s current 30% subsidy for rooftop solar projects is under revision. It may be reduced soon to only 15%. The reduced subsidy may be applicable only for certain sectors like educational institutions, residential buildings, old age homes, orphanages, and state and central government buildings. “Due to limited availability of budget”, the notice adds that the capital subsidy may not be provided to certain categories of beneficiaries at all.