• UGI USER
  • Jan 24, 2024
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PM’S SOLAR ROOFTOP SCHEME

Why in the News?

  • PM announces “Pradhanmantri Suryodaya Yojana.”
  • Aims to electrify one crore households with rooftop solar installations.
Source: JMK Research

About Pradhan Mantri Suryodaya Yojana :

  • Aims to rapidly install solar power systems on one crore houses, promoting rooftop solar capacity.
  • Offers incentives and financial assistance to make rooftop solar adoption affordable for residential consumers.
  • No specific timeline provided for the implementation of the scheme.
  • Reduces monthly electricity bills for households adopting solar rooftops.
  • Aligns with India’s target of reaching 500GW renewable energy by 2030, emphasizing solar contribution.

Timing and Significance:

  • Launched due to India missing its initial target of 40GW rooftop solar capacity by 2022.
  • Indicates renewed efforts to achieve the extended target of 40GW by 2026.
  • With approximately 11GW installed currently, the scheme seeks to accelerate rooftop solar adoption.
Current Rooftop Solar Landscape

·    As of December 2022, India’s total solar capacity is around 73GW, with only 11GW from rooftop solar.

·    As of July 31, 2023, approximately 2.2 GW of rooftop installations reported in Indian homes.