Rajasthan's 2024 Solar Subsidy

Rajasthan Solar Subsidy 2024: Affordable Solar Energy Solutions and Financial Benefits

Rajasthan solar subsidy encourages the adoption of clean and renewable energy sources. Residents of Rajasthan now have the opportunity to reduce their dependence on the electricity grid by taking advantage of affordable solar energy options thanks to solar subsidies. Solar energy is a cost-effective and eco-friendly solution that helps reduce the cost of electricity and support a greener future.

The National Portal for Rooftop Solar streamlines the process of accessing solar subsidies online for Rajasthan and other states. The price of a solar system will vary depending on the distance it is transported from the manufacturer of the solar panel. This document will provide you with comprehensive information on the cost of solar systems in Rajasthan, including the subsidies provided by the government.

In a recent announcement about the state budget for 2024-25, the state government revealed plans to offer subsidies to homeowners who opt to install rooftop solar systems. The provision of these subsidies will be facilitated by the Central Financial Assistance (CFA) program. First, let’s start by discussing the price of a solar panel system. After this, we can talk about the subsidy amount given by the government.

Price Of Solar Panels In Rajasthan 2024

If you reside in Rajasthan and are interested in installing solar rooftop panels on your home, you have the opportunity to apply for a subsidy as well. Below, we have provided the basic pricing for a solar panel system designed specifically for grid-connected applications. It’s important to consider that grid-connected solar systems tend to be more cost-effective in India compared to off-grid and hybrid systems. Table with approximate prices in Rajasthan, India:

System CapacityApproximate Price Range (INR)
1 kW45,000 – 65,000
2 kW90,000 – 1,30,000
3 kW1,40,000 – 1,95,000
4 kW1,85,000 – 2,60,000
5 kW2,35,000 – 3,30,000

Note: Prices are estimated and subject to vary depending on Rajasthan, and India market trends and other variables.

Exploring Solar Subsidies

Government payments are provided to reduce the costs of installing solar panels, known as solar subsidies. These incentives help to lower the cost and increase the availability of renewable energy. Rajasthan offers generous financial support to individuals and businesses who choose to invest in solar energy systems. Amidst growing environmental awareness and the imperative to adopt sustainable practices, the significance of renewable energy sources, specifically solar electricity, cannot be overstated. The Ministry of New and Renewable Energy has introduced various incentives and subsidies to encourage the adoption of solar energy. Subsidies for solar power increase its accessibility, affordability, and attractiveness to individuals, communities, and businesses, resulting in benefits for both people and the environment.

Also Read: 3kw solar panel price in Rajasthan with subsidy

Government Subsidies: A Closer Look

The Government provides varying subsidy amounts for the installation of solar panels, depending on whether it is for residential or industrial purposes. Naturally, homeowners are eligible for a higher subsidy compared to industrial owners.

Attention, Home Owners!

Rooftop Solar CapacitySubsidy Amount (INR)
Up to 2 Kilowatt30,000 per Kilowatt
3 to 10 Kilowatt78,000

For Owners In The Industrial Sector!

Rooftop Solar CapacitySubsidy Amount (INR)
Up to 3 Kilowatt18,000 per Kilowatt
3 to 10 Kilowatt9,000 per Kilowatt
More than 10 Kilowatt1,17,000

Price Of Solar Systems In Rajasthan With Subsidy

Thanks to the government’s subsidy program, numerous residential owners have been motivated to install solar panels. According to the deputy chief minister of Rajasthan, the government is committed to offering the subsidy amount specified under the PM Suryoday Yojana, a program initiated by the central government in February 2024. Here we offer comprehensive information about the subsidy provided under the Suryoday Yojana.

Solar Panel CapacityPrice Range (INR)CFA (INR)Price After Subsidy (INR)
1 kW50,000 – 70,00030,00020,000 – 40,000
2 kW1,00,00– 1,40,00060,00040,000 – 80,000
3 kW1,45,000–2,00,00078,00067,000 – 1,22,000
4 kW1,90,000 – 2,70,00078,0001,11,000 – 1,92,000
5 kW2,40,000 – 3,40,00078,0001,62,000 – 2,62,000

Note: The subsidy amount in the top table is only accessible to individuals who install an on-grid system or use the Suryoday Yojana online application.

Rajasthan’s Solar Subsidies Guarantee

The Rajasthan government has led solar energy adoption. Arid climates produce enough sunlight, making the state excellent for solar power. The government supports solar subsidies for numerous reasons:

  1. Harnessing Solar Potential: Rajasthan has sufficient sunlight for solar power generation. The state’s energy needs are expanding, thus the administration wants to use this resource.
  2. Reduce Conventional Source Dependence: The government encourages solar energy adoption to reduce dependence on traditional energy sources and create a more sustainable and varied energy mix.
  3. Environmental Conservation: Rajasthan recognizes solar power’s climate change mitigation benefits. Subsidies encourage citizens to participate in state green programs.

Factors Affecting Solar Panel Prices in Rajasthan

Various factors impact the cost of solar panels in Rajasthan, such as;

  • The manufacturing methods used to create different types of solar panels.
  • The effectiveness of individual solar panels.
  • Government-provided financial assistance or benefits.
  • Comparing solar panel types: monofacial versus bifacial modules.
  • Expenses related to delivery and installation, along with the architectural configuration of the PV module mounting structure.

Steps To Get Rajasthan Solar Subsidy 2024

  • Since launching the Rooftop Solar Programme Phase II plan, the Indian government has simplified, accelerated, and improved subsidy application and payout procedures for Indian households.
  • The newly developed National Portal for Rooftop Solar is a major step toward resolving solar benefit distribution issues. Residents previously applied for state-level assistance. They must next visit DISCOM to complete their application.
  • Customers in Rajasthan and other states have more influence over solar project subsidy applications via the online platform. By simplifying the procedure, you may avoid interacting with local DISCOM officials or investigating state-level subsidy schemes to earn advantages.
  • The platform simplifies and transparently processes rooftop solar subsidy applications in Rajasthan and beyond. Registered users can simply follow their application status. Our portal is open 24/7, so you may submit the application form, start the subsidy process, keep informed, and get approvals or rejections. The site provides information on RTS system installation, inspection, and assistance with solar plant subsidies.
  • The Direct Benefit Transfer (DBT) plan of the National Subsidy Program deposits subsidies directly into recipients’ bank accounts. After the inspecting authority approves grid-interactive solar power system installation and commissioning, the subsidy will be provided within 30 days.

Also Read: The Ultimate Guide to Net Metering for Solar Energy Users in Jaipur

Rajasthan Solar Subsidy Capitalizing Tips, 2024:

1. Solar Panels Manufactured in India: It is recommended to select solar PV modules that are manufactured locally, as this is a requirement for the subsidy procedure. Ensure that the panels are added to the ALMM list of Approved Models & Manufacturers.

2. On-Grid Solar Systems: The MNRE provides subsidies specifically for on-grid solar systems that are installed for residential use, excluding batteries. Homeowners have the option to include batteries, however, it’s important to note that the cost of batteries is not included in the subsidy.

3. Registered/Epanneled Vendors: Make sure your selected solar vendor is registered with your local DISCOM and adheres to MNRE’s specifications and standards for residential solar installations.

4. Vendor Assistance: It is important to ensure that your vendor takes the necessary steps to survey the installation site, provide recommendations, obtain permits, assist with net metering setup, and offer maintenance services for five years after installation.

5. Subsidy Rates:  Make sure to regularly check the national portal for the most up-to-date fixed subsidy rates for different system capacities, as these rates can change on an annual basis.

Key Benefits Of Solar Panel Installation For Everyone

Cost Efficiency: The installation of solar panels enables individuals to produce their electricity, thereby decreasing dependence on conventional grid power and resulting in substantial long-term cost savings on energy expenses. For more information regarding the solar panel price in Jaipur, please get in touch with us.

Environmental Impact: Solar energy is an environmentally friendly and sustainable source, generating electricity with negligible ecological consequences. By opting for solar power, individuals actively contribute to the reduction of carbon footprints and the fight against climate change.

Energy Independence: Solar panels offer individuals a level of autonomy in terms of energy supply, contributing to energy independence. They exhibit greater resilience against energy price changes and grid breakdowns, thereby guaranteeing a dependable and uninterrupted power provision.

Government Incentives: Numerous governments, such as the government of Rajasthan in India, provide subsidies and incentives to encourage the installation of solar panels. The financial advantages of solar energy render it more cost-effective and appealing to individuals, hence encouraging its widespread adoption.

Also Read: Exploring Solar Panel System Options for Businesses in Jaipur

Conclusion: Best Solar Panel Prices In Jaipur, Rajasthan With Subsidy

Rajasthan’s solar subsidies demonstrate its commitment to sustainability and environmental protection. The state encourages inhabitants to use renewable energy to create a better future. Solar panel installation is subsidized by the state. If you live in Rajasthan and want to use solar energy, check out the incentives. You will be making tremendous progress toward an ecologically sustainable and optimistic future by taking this step. Contact SunShakti, a Jaipur solar provider, if you’re still confused about how to do this. Our staff provides a tailored consulting experience that assures your delight when you enter our doors. We offer the best solar solution.

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