As per the all benefits of solar system Government of India decide to give subsidies every year on cost of installation for limited time Period and Inspire to install Solar Systems.
There is Subsidies list declare by MNRE (Ministry of New and Renewable Energy) till 10KW system.
MNRE: Subsidy for Residential Rooftop Solar System Under Phase II of Grid Connected Rooftop Solar Program
| Total Capacity of Rooftop Solar Installations | Applicable Subsidy | Total Subsidy | |
|---|---|---|---|
| ₹ | $ | ||
| 1 kW | @ 40% for 1 kW = ₹20,000 | 20,000 | 277 |
| 2 kW | @ 40% for 2 kW = ₹40,000 | 40,000 | 555 |
| 3 kW | @ 40% for 3 kW = ₹60,000 | 60,000 | 832 |
| 4 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 1 kW = ₹10,000 |
70,000 | 970 |
| 5 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 2 kW = ₹20,000 |
80,000 | 1,109 |
| 6 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 3 kW = ₹30,000 |
90,000 | 1,248 |
| 7 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 4 kW = ₹40,000 |
100,000 | 1,386 |
| 8 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 5 kW = ₹50,000 |
110,000 | 1,525 |
| 9 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 6 kW = ₹60,000 |
120,000 | 1,664 |
| 10 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 7 kW = ₹70,000 |
130,000 | 1,802 |
| All system above 10 kW | @ 40% for 3 kW = ₹60,000 and @20% for balance 7 kW = ₹70,000, No subsidy beyond 10 kW capacity |
130,000 | 1,802 |
| *Note: The above subsidy calculations are only for illustration purpose and the actual applicable subsidy would depend upon MNRE Benchmark cost or actual cost arrived through tendering | |||
For the Industrial load or Big Loads Acceleration Depreciation which is 40% per Annum.
Solar Energy has great future but susceptible to fail if operation and maintenance is overlooked.