Now Reading: Bihar residents can save Rs 98,000 under PM solar scheme
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Bihar residents can save Rs 98,000 under PM solar scheme
The PM Surya Ghar Muft Bijli Yojana, launched in February 2024, now covers over 50 lakh households. Under the scheme, families get up to 300 units of free electricity per month and…
The PM Surya Ghar Muft Bijli Yojana, launched in February 2024, now covers over 50 lakh households. Under the scheme, families get up to 300 units of free electricity per month and a central subsidy of up to Rs 78,000 for installing rooftop solar panels. The panels have a lifespan of about 25 years, effectively giving zero electricity bills for over two decades.
Bihar residents get an additional Rs 20,000 subsidy from the state government, taking the total benefit to Rs 98,000. For a 1 kW system, the combined subsidy is Rs 40,000, for 2 kW, Rs 80,000, and for 3 kW or more, the full Rs 98,000. Applications are submitted online at pmsuryaghar.gov.in, with subsidy disbursal taking 30-45 days after installation and verification.
Indian Opinion Analysis
The scheme’s 2027 target of 1 crore rooftop installations is ambitious: India’s total residential solar capacity was under 3 GW in 2023, and each kW of rooftop typically offsets 1,200-1,500 units annually. Bihar’s state subsidy is notable because few states add their own on top of the central Rs 78,000 cap, Maharashtra and Gujarat have separate top-up schemes, but most states keep to the central slab. For a typical 3 kW system costing roughly Rs 1.5 lakh, the combined Rs 98,000 subsidy brings the homeowner’s outlay to about Rs 52,000, with a payback period of 3-4 years at current tariff rates. The next milestone to watch is whether applications cross 70 lakh by March 2026, the halfway point to the target.
Source: aajtak.in
This brief was synthesised by AI from the source linked above.
