MNRE : Subsidy reduction and home loan initiative for rooftop

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The Ministry of New and Renewable Energy (MNRE) has set a target of 40,000 MWp of Grid Interactive Solar Rooftop systems during the next 5 years. However, it has reduced the capital subsidy for Solar PV for Rooftop systems from 30% to 15%, citing reduced cost of Solar PV panels and a competitive tariff of Rs. 7 per unit that can be achieved without subsidy. This is applicable for Systems ranging between 1 KWp to 500 KWp.

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