NSEFI Elated and Bouyant on India’s Solar Growth and on New Policy Announcements of the Ministry

New Delhi : NSEFI elated and  bouyant on Indian Solar growth. NSEFI Chairman Pranav R Mehta has congratulated Ministry of New and Renewable Energy and the Minister Shri R K Singh on path breaking reforms and policy changes announced by the ministry in the last 3 months. Hon’ble Prime Minister Shri Narendra Modi has launched a unified rooftop solar portal where consumers can avail direct benefit transfer of rooftop subsidy. 

Speaking on this Mr. Mehta said that “ The rooftop portal launched by Prime Minister Modi is a step in right direction and has the potential to change India’s residential rooftop sector”. Moreover we are very happy that our longstanding request to do away with benchmark prices for deciding subsidy has been accepted and a fixed per kW subsidy has now been approved for these systems. 

According to the new procedure upto 3 KW rooftop solar system, a subsidy of 14,588/- will be provided. For systems between 3 – 10 kW apart from 14,588/- for first 3 kW , an additional 7,294/- per kW will be provided. For systems above 10kW where there was no subsidy before will now be eligible for a fixed subsidy of 94,822/- will be provided. 

NSEFI Chairman Pranav Mehta also congratulated Hon’ble Minister on accepting NSEFI’s request of allotting a separate category in Production Linked Incentive II Scheme for Solar Cell and Module manufacturing to promote MSME manufacturing ecosystem in India. 

With these developments NSEFI expects India’s Solar growth and the Aatmanirbhar Bharat vision of Honble Prime Minister in the area of Solar will accelerate.