Understanding Solar Panel Subsidy in India
In the race for cleaner energy production, solar has taken on the most significant role. One of the many factors that have led to the widespread use of solar energy in India is the Solar Panel Subsidy program. This guide covers the complete list of the solar panel subsidies in India, taking the example of the PM Surya Ghar Yojana , and the installation of solar panel as one of the pros of economic gain for homeowners and businesses both. What is a Solar Panel Subsidy? The solar panel subsidy is a governmental initiative aimed at setting up more solar panels in the country and, hence, is a financial incentive that the government offers to the business or homeowner to install the solar panels. Consequently all these subsidies result to the overall sum of solar power system setup to be lower and the consumer’s attainability to it more affordable. Then the government uses the subsidies to reach the objectives of the implementation of renewable energy, which includes producing lower c...