UPNEDA has announced the state, central subsidies to be provided for rooftop solar projects that will be set up in the residential sector in Uttar Pradesh
The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has announced the state and central subsidies that will be provided for rooftop solar projects that will be set up in the residential sector in the state under Phase II of the grid-connected rooftop solar program.
As per the department notification, for rooftop solar projects ranging between 1 kW and 10 kW will receive a state subsidy of Rs 15000 per kW, with the maximum subsidy that can be availed by residential rooftop projects capped at Rs 30000.
The central subsidies will, however, vary depending on the size of the projects and the location of the projects. For individual residential rooftop systems ranging between 1 and 3 kW, central subsidies will cover 40 percent of the total cost. For projects, greater than 3 kW and up to 10 kW will receive a 20 percent central subsidy. For projects greater than 10 kW capacities that will be set up in group housing societies, the central subsidy will cover 20 percent of the total cost. However, there is no compensation to be provided by the state.
The overall savings that will be made under the new subsidies can be better realised through the following table:
As seen from the table, a 2 kW rooftop solar system worth Rs 76,000 will cost the consumers only Rs 15,600 after the state will provide Rs 30000 subsidy and a further Rs 30,400 will be covered by the central subsidy.
Talking to Saur Energy, Bhawani Singh IAS – UPNEDA has revealed that the target set by the department for the year is 60 MW. And that vendor empanelment for the year has also been completed and is available on the UPNEDA website.
Singh, when asked about the prospective timeline of the net metering installations for the rooftop systems, said that the “Net meter has to be sanctioned by respective Discoms and that they are yet to notify a timeline for sanctioning of these applications.”