Pradhan Mantri Surya Ghar Yojana, what are the benefits, how much subsidy

Pradhan Mantri Surya Ghar Muft Bijli Yojana is a solar energy scheme launched on 13th February 2024 by the Government of India. The main objective of this project is to reduce the cost of electricity by increasing the use of solar energy, which is particularly beneficial to both the citizens of the country and the country at large in the near future.

Under this scheme, the government will provide a maximum subsidy of ₹78,000/- for installation of solar panels to 1 crore households to encourage the citizens of the country to use solar energy. Beneficiaries will get free electricity up to 300 units per month under this scheme. The central government has earmarked a total budget of ₹75,021 crore for this project.

Pradhan Mantri Surya Ghar Yojana Objectives

The use of electricity is in a word essential in our present daily life. From lights, fans, mobiles or laptops, we all need electricity to use almost every useful thing and therefore the cost of this electricity is constantly increasing.

The main objective of Pradhan Mantri Surya Ghar Yojana is to provide adequate electricity supply through installation of solar panels and at the same time reduce the cost of electricity, which will indirectly help in increasing people’s income.

Besides, the use of solar panels will make people no longer have to rely on electricity companies and will be able to use 300 units of electricity per month for free, thus increasing people’s self-reliance in electricity supply. If more than 300 units of electricity are produced, the government will buy that electricity, that is, through this scheme, the government will also save a little in terms of electricity supply to the common people. Moreover, due to the production of electricity through solar panels, it is completely environment friendly, so keeping in mind the global warming, this solar panel initiative is particularly significant.

Pradhan Mantri Surya Ghar Yojana Details

Brief description of Pradhan Mantri Surya Ghar Yojana is given below:

Pradhan Mantri Surya Ghar Yojana facility

The following benefits are available from Pradhan Mantri Surya Ghar Mufta Bijli Yojana:

• 300 units of free electricity per month i.e. around ₹15,000 – ₹18,000/- per annum will be possible to reduce the cost of Rs.
• This facility will be provided to 1 crore families in India.
• 40%-60% subsidy will be provided on the installation cost of solar panels.
• Besides, easy installment loans are available from banks, for example, for solar panels up to 3 KW, a maximum loan of Rs. 2 lakhs can be obtained at 7% for a maximum time limit of 10 years.

Pradhan Mantri Surya Ghar Yojana Subsidy

Under the Pradhan Mantri Surya Ghar Yojana, the government has provided special benefits to the beneficiaries by providing subsidy for installation of solar panels. Under this scheme, the government will pay 60% of the cost of installing solar panels of 1-2 KW capacity. Besides, 40% subsidy will be provided in case of solar panels of 2 to 3 KW capacity. A subsidy of ₹ 18,000/- per KW is available above 3 KW, but the maximum capping subsidy is ₹ 78,000/-.

Solar Panel Calculator

As per the current market price, installation of 1 KW solar panel costs an estimated ₹50,000/- to ₹70,000/- and for 2 KW it costs ₹80,000/- to ₹1 Lakh. In that case the beneficiary will have to pay only ₹20,000 to ₹40,000/- after getting subsidy of ₹30,000 – ₹60,000/-.

Similarly the cost of installing a 3 KW solar panel is around ₹1,45,000/- and the cost to the beneficiary by getting subsidy is only (1,45,000 – 78,000) = ₹67,000/-.

Also you can directly use the solar panel calculator on the official portal.

Pradhan Mantri Surya Ghar Yojana Eligibility

Pradhan Mantri Surya Ghar Mufta Bijli Yojana requires the following qualifications:

• This scheme is only available to citizens of India.
• Applicants must own their home and have a roof suitable for installing solar panels.
• Only middle and poor families can apply for this scheme.
• The household must have a valid electricity connection.
• The applicant should not have availed any similar state or central government scheme earlier.

Pradhan Mantri Surya Ghar Yojana Document

To apply under this scheme you will need below mentioned documents:

• Electricity Bill (any bill of last 6 months)
• Photocopy of Bank Statement / Passbook

Pradhan Mantri Surya Ghar Muft Bijli Yojana Application

For Pradhan Mantri Surya Ghar Yojana you have to apply online through the official portal.

You can apply online in the following ways:

• First you need to visit the affiliate portal of this scheme pmsuryaghar.gov.in.
• Click on ‘Apply For Rooftop Solar’ in ‘Quick Links’ on the left side of the home page.



• Then you need to register and login first.



• After login you have to provide applicant details, electricity company details, solar rooftop details etc. and mark the house location from the map.
• Then you need to upload any electricity bill which is not more than 6 months old. In this case you can scan and upload your bill or download the bill from your electricity company portal with your account number and upload it here. After uploading you have to click on ‘Final Submission’.



• After final submission you will get a message to provide bank details, where you have to click on ‘Go to Bank Details’. This is very important as the consumer will first have to pay all the cost of installing the solar panel and after uploading his proof on the portal the subsidy will be directly transferred to the bank account.



• In bank details you need to mention bank name, account holder name, IFSC number and bank account number along with upload a scanned copy of canceled check or passbook.



• After submission your solar panel application will be completed and acknowledgment will be sent to your mail id.

Pradhan Mantri Surya Ghar Yojana related Queries (FAQs):