On February 13th, 2024, the Prime Minister of India, Shri Narendra Modi, introduced the ‘PM Surya Ghar: Muft Bijli Yojana’, a ground breaking initiative aimed at installing rooftop solar panels in one crore households across India. The PM posted on X: “For sustainable development and people’s well-being, we are launching the PM-Surya Ghar. This scheme, with an investment of over Rs. 75,000 crore, can provide up to 300 kWh of free electricity per month for one household.”
Growatt’s Residential PV Solution
Why to join?
Solar Cost Relief: PM-Surya Ghar mainly offers installing solar systems for lower and middle-income families and providing corresponding subsidies and loan discounts. According to current benchmark prices, it offers a subsidy of Rs. 30,000 for a 1 kW system, Rs. 60,000 for a 2 kW system, and Rs. 78,000 for 3 kW systems or higher. The Central Government will provide subsidies directly to people’s bank accounts and concessional bank loans to ensure that there is no financial burden on the individuals.
Besides, a model solar village will be developed in each district of the country to act as a role model for adoption of rooftop solar in rural areas. Urban local bodies and Panchayati Raj Institutions shall also benefit from incentives for promoting RTS installations in their areas.
Long-Term Benefits: Installing solar panels is a long-term investment that can lead to significant savings over time, as solar energy is free and abundant.PM-Surya Ghar also includes provisions for payment security for Renewable Energy Service Company (RESCO)-based models and a fund for innovative rooftop solar projects. By harnessing solar energy, households can not only save on electricity bills but also earn additional income by selling surplus power to DISCOMs.
Environmental Impact: The proposed scheme will increase 30 GW solar capacity, equivalent to 720 million tonnes of CO2 emissions, greatly contributing to India’s ambitious goal of carbon neutrality by 2070.
How to Apply?
Households can register themselves on https://pmsuryaghar.gov.in to avail of benefits under the scheme.
Growatt’s Contribution
Growatt is delighted by the proactive initiatives taken by the Indian government towards sustainable development and the harnessing of solar energy potential. Growatt’s range of residential segment market offerings, including the ‘MIC 1000-3300TL-X’, ‘MIN 4200-6000TL-X’, and ‘MOD 3-15KTL3-X’on-grid inverter series with sleek and compact design, is tailored to cater to homeowners participating in this scheme. The highly anticipated MIC-X2, MIN-X2 and MOD-X2 series of inverters are capable of accommodating higher wattage modules, meeting the evolving needs of users.
With a robust 12-year presence in the Indian market and a proven history of providing top-notch products, Growatt continues to be the favored option for customers. Here to learn more Growatt’s successful solar projects: https://www.ginverter.com/cases.
