Government to take a final call on subsidy on solar panels

- Advertisement -
- Advertisement -

SolarMonday, January 5, 2014: The Central government has taken a decision to cut half the subsidy on rooftop solar power panels. The MNRE has stated that the subsidy is likely to be reduced up to 15 per cent. The announcement of the scheme came in the wake of new year. However, the state officials had expected that the Centre would offer a 30 per cent subsidy with additional concessions from Haryana in order to make the scheme more lucrative and its execution easier.

The subsidy scheme is an obstacle for Haryana as the state has made installation of rooftop solar panels on the buildings mandatory. Haryana wants to implement this scheme by September this year.

The ministry had updated the notification on its website stating the the policy was under revision and might be reduced up to 15 per cent from the current rate of 30 per cent, either in the form of capital subsidy to be given directly to accounts linked to Aadhaar or in the form of interest subsidy.

- Advertisement -

The Haryana government has not yet decided the amount of subsidy it would give. Gurgaon’s additional deputy commissioner and project officer for the rooftop solar scheme, Vinay Pratap said that in case the Centre decides to reduce the central subsidy, the state government may consider retreading its share, clarifications and road map which are not yet issued.

Speaking to The Times of India, Arun K Tripathi, scientist at the ministry said that it may be infeasible to provide central subsidy to all the beneficiaries applying for installing of rooftop solar power panels. He added that preference would be given to schools, colleges, hospitals, public community centres, government buildings over industrial and commercial buildings.

It is now obligatory for all buildings on a plot size of 418.06 sqm or above in Haryana to install solar panels. The least requirement is a 1kW plant, which costs around Rs 0.1 million. Haryana has set an installation deadline of September 2015, however outdoing the cost element is probably the greatest challenge.

- Advertisement -

Related Artcles

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...