How to Avail Solar Panel Subsidy in Haryana: A Step-by-Step Guide

The push for green energy is huge, and solar power is a big part of the conversation. In Haryana, India, homeowners have a great chance to save money and help the earth by using the sun’s energy. The state provides incentives for those who choose solar panels. It’s a win-win for saving cash and supporting a healthier planet. How does one get these benefits, and what perks come from going solar?

This guide lays out the steps to get the solar subsidy in Haryana. It gives you the info you need to switch to solar energy smoothly. Thanks to Fenice Energy’s trusted help, moving to solar becomes hassle-free. This shift promotes a sustainable lifestyle and saves you money.

Key Takeaways

• Learn the process to secure a solar panel subsidy and make solar energy affordable in Haryana.
• Discover how government incentives for solar panels Haryana can lead to significant solar power savings.
• Understand the eligibility for solar subsidy and the economic implications for individual homeowners.
• Recognize Fenice Energy’s role in facilitating a smooth transition to renewable energy.
• Gain insight into how accessing subsidies can accelerate the return on your solar investment.

Understanding Solar Panel Subsidy in Haryana

To promote sustainable living, the Haryana government, with India’s central government, offers big incentives for solar panels. These efforts aim to boost renewable energy use and make clean energy options easier for homeowners to access.

The Significance of Solar Panel Adoption

Solar energy brings many advantages, like lowering household energy costs and helping the environment. Thanks to the rooftop solar subsidy program, families in Haryana can easily use solar power. This can mean free electricity for up to 25 years.

Central Financial Assistance Overview for Solar Subsidy

The Central Financial Assistance (CFA) is key to the solar subsidy, helping homeowners join India’s green energy goals. It reduces the cost of getting solar power systems. This makes solar energy more appealing and easier to get for homes everywhere.

Understanding the Rooftop Solar Subsidy Program

The Central Government has launched a ₹75,021-crore plan called “PM-Surya Ghar: Muft Bijli Yojana” to expand solar energy use. This program offers 300 units of free electricity each month to one crore households. It shows the commitment to clean energy.

Solar System Capacity	Subsidy Amount	Interest Rate for Loans	Max Loan Amount	Repayment Tenure
Up to 1 kW	₹30,000	~7% p.a.	Up to ₹15 lakhs	Up to 10 years
Up to 2 kW	₹60,000
Up to 3 kW	₹78,000		Limited to ₹2.0 lakhs (PM Suryaghar scheme)

With incentives for systems up to 3 kW, the government aims for a greener Haryana. It’s about pushing for renewable sources and making them accessible. Fenice Energy is leading the way, providing expert advice and clean energy solutions for solar newcomers.

Eligibility Criteria for Solar Panel Subsidy Haryana

To use the solar subsidy for residential buildings, knowing the rules is key. In Haryana, the eligibility for solar panel subsidy helps increase clean energy use through the solar panel scheme Haryana. Understanding these rules helps homeowners apply for the subsidy confidently.

Residential Owners and Housing Societies Qualification

The solar panel subsidy in Haryana is for home and housing society owners. This helps spread clean energy in homes. Homeowners are important for green energy success, with support aimed at increasing sustainable living.

Limits on Subsidy Based on System Capacity

The subsidy amount depends on the solar system size. It starts at INR 30,000 for a 1kW system and goes up to INR 78,000 for 3kW or more. This encourages people to get bigger systems and use more green energy.

The subsidy also depends on if the system size matches the building’s electricity needs. With Haryana’s goal to use more solar power, these subsidies make solar energy more popular in homes.

 

System Capacity (kW)	Subsidy Value (INR)	Average Installation Cost (INR/kW)	Potential Monthly Savings (INR)
1	30,000	60,000	Up to 9,103
2	54,000	120,000	Up to 9,103
3 and above	78,000	180,000	Up to 9,103

Looking into the solar subsidy program can save money. Fenice Energy helps choose the right solar size and understand the subsidy. They make switching to clean energy easy.

The Economic Advantages of Solar Subsidy for Residential Buildings

In Haryana, the solar power subsidy scheme is a key to saving a lot of money for homeowners. It speeds up their move to enjoy the financial gains from solar subsidies. Since 2016, India’s rooftop solar capacity hit 2.7 GW. This shows many families are starting to use solar power. It’s thanks to programs like the one in Haryana.

While solar energy grows, only 700,000-800,000 homes in India have solar systems. Credit Fair has helped over 2,000 homes get solar panels. But, India still has a long way to go. It only installed 2.2 GW of its 40 GW solar power goal for homes.

In Haryana, a 3KW to 5KW solar rooftop setup costs between Rs 2.20 lakh to Rs 3.5 lakh. But after subsidies, a 3kW system only costs about Rs 73,787. This big drop in price makes the investment in solar much more attractive. It cuts down the time it takes for the system to pay for itself to just 2-3 years.

Homeowners and housing societies get subsidies of Rs 9,000 to Rs 18,000 per kW for rooftop solar systems up to 10kW. This push has led Credit Fair to fund over 2300 rooftops. They’ve saved 13,000 tons of carbon emissions and saved around Rs 12 crore in electricity costs every year.

By 31 March 2024, India’s solar power capacity will reach 81.813 GWAC. The economic benefits of solar subsidy are clear. The Gujarat Hybrid Renewable Energy Park will generate 30 GWAC. Haryana’s homeowners are taking advantage of these savings. They see the value in investing in solar power.

Solar energy is now a big part of India’s energy scene. It offers long-term savings and a cleaner future. Homeowners in Haryana are finding it’s not just about cost savings. It’s also about a sustainable future.

Estimating Solar System Costs and Subsidy Benefits

Starting a rooftop solar project means looking at costs and potential savings. It’s vital for homeowners to understand the upfront costs and savings they’ll get over time. The value of each solar setup varies, thanks to government support.

Analyzing the Return on Investment for Different Solar Capacities

In India, the government is working hard to use more solar power. With the Rooftop Solar Programme Phase-II from 2019, they’re boosting solar power use. This effort helps the environment and makes economic sense too.

When figuring out the cost of a solar system, we look at different sizes. A small household system can cost between Rs 2.20 lakh to Rs 3.5 lakh. With government subsidies, both the upfront cost and the time it takes to pay off the investment decrease.

A typical 3kW solar setup costs less thanks to a 40% subsidy. The price drops from Rs 1,22,979 to Rs 73,787, saving about Rs 30,240 a year. These systems quickly pay for themselves in 2-3 years. After that, the power they produce is almost free. So far, over 700,000 households in India have gone solar.

Impact of Subsidy on the Upfront Cost of Solar Projects

The Indian government’s solar subsidies are showing great results. Credit Fair and other groups have seen many successful solar installations.

Many homeowners and communities get significant financial help for solar projects. The government offers subsidies to make starting easier. These efforts have led to more people using solar power. They’ve also cut carbon emissions a lot and saved money on electricity.

India is also introducing a big funding scheme to boost rooftop solar power. This plan will provide free electricity to many homes. It covers a good part of the costs for small solar setups.

This funding helps make solar power more affordable for everyone. The government and private companies will work together. They’ll install solar panels for free and use low-interest loans to cover other costs. This plan supports India’s clean energy goals and helps families save on power.

Step-by-Step Guide to Apply for Solar Power Subsidy Scheme

Haryana now offers easy access to green energy through its subsidy schemes. These are meant to increase solar power use. If you’re interested in drawing power from the sun and want to apply for the solar power subsidy scheme, here’s how to do it easily.

Initial Registration and Documentation Requirements

Start your solar journey by registering on the National Portal for Rooftop Solar. You’ll need to create an account. During the solar subsidy application process in Haryana, ready your ID, proof of address, and info on any current solar setups if you’re upgrading. Having the right documentation for the solar subsidy gets your application off to a good start.

Technical Feasibility and Approval Process

Your application’s next step involves a technical check by the state DISCOM. They determine if your location and the grid can support your solar installation. Once approved, choose an authorized vendor for the system installation. They must meet the state’s requirements.

For details on subsidy benefits, refer to the following table. It shows important financial factors for your decision.

Solar Subsidy Scheme	Maximum Loan	Margin Requirement	Interest Rate	Subsidy Amount
URTS-Composite and URTS-Standalone	Up to Rs 15 lakhs	20% of project cost	EBLR + 1.00% pa for CIC Score 750 & Above	Rs. 78,000/-
URTS-PM Suryaghar: Muft Bijli Yojna	Up to Rs 2 lakhs	10% of project cost	EBLR – 2.25% pa	1KW – Rs. 30,000/-, 2KW – Rs. 60,000/-, 3KW – Rs. 78,000/-

Commissioning and Claiming the Subsidy

After your solar system is installed by an authorized vendor, you need to log its details online. This is for an official check. Once your setup is up and running, and checked by DISCOM, it’s time to claim your solar subsidy. Enter your bank details to receive the subsidy through Direct Benefit Transfer. This final step completes your shift to solar power.

Start your solar application now. With Haryana’s rich solar resources and expert help from places like Fenice Energy, shifting to solar is a smart move. It promises a sustainable and cost-saving future.

How to Choose the Right Vendor for Solar System Installation

Choosing the right solar vendor in Haryana is vital. Incentives like the PM Surya Ghar: Muft Bijli Yojana offer financial help, making it a smart move for homeowners. It’s key to pick vendors approved by MNRE for quality assurance. This ensures you get top-notch service from trusted providers.

The Importance of MNRE Empanelled Vendors

Picking an MNRE empanelled vendor means more than just following rules. It guarantees your solar investment is durable and efficient. These vendors meet strict Ministry standards, ensuring expert solar system installation in Haryana. They help smoothly secure subsidies, adding peace of mind about your sustainable energy choice.

Fenice Energy’s Role in Facilitating Solar Installations

Fenice Energy is a leader in solar solutions with a strong track record. They not only meet MNRE standards but often surpass them. Fenice Energy supports you from start to finish – consultation, installation, and after-sales. Their commitment makes switching to renewable energy easy for Haryana’s homeowners.

Subsidy Scheme	Capacity	Subsidy Amount	Interest Rate	Annual Savings
PM Surya Ghar: Muft Bijli Yojana	1 kW	₹30,000	~7%	₹15,000-₹18,000
PM Surya Ghar: Muft Bijli Yojana	2 kW	₹60,000
	3 kW or higher	₹78,000

Fenice Energy, known for their expertise in solar system installation in Haryana, guides you through financial benefits. The PM Surya Ghar: Muft Bijli Yojana makes solar energy within reach for Haryana’s residents. Fenice Energy makes choosing the right solar vendor easy and secure, leading you to an eco-friendly future.

Maximizing Benefits Through State Solar Subsidy Program

In Haryana, more homes and businesses are turning to solar power. The state’s solar subsidy program is a big help. It offers things like net metering and options to sell extra solar power. Fenice Energy is leading the way, making it easier to adopt these green, money-saving solutions.

Exploring Net Metering and Selling Excess Solar Power

Net metering has changed how people in Haryana view solar energy. It lets them use the energy they need and send the rest back to the grid. This part of the subsidy program means people can save now and earn later by selling extra power. It also turns homeowners into clean energy creators in their neighborhoods.

Rooftop Solar as a Sustainable and Cost-Effective Solution

Rooftop solar is becoming popular in Haryana, thanks to the state’s support. This choice can lower bills and help the planet. The state’s program encourages this, aligning with Fenice Energy‘s mission. House owners end up aiding the environment and saving money too.

System Capacity	Subsidy (up to 3 kW)	Subsidy (above 10 kW)	Cost Pre-Subsidy	Cost Post-Subsidy
1 kW	₹14,588/kW	N/A	₹60,000-₹65,000	₹45,412-₹50,412
10 kW	₹14,588/kW	₹94,822 Fixed	₹6,00,000-₹6,50,000	₹5,05,178-₹5,55,178

Conclusion

Haryana is on a fascinating path towards a greener future, thanks to its excellent solar panel subsidy schemes. These schemes highlight the advantages of solar panel subsidy and push the move towards renewable energy adoption in Haryana. They make it easier and cheaper for people and communities to use solar energy. Fenice Energy is ready to help with easy installation and maintenance of solar systems, making them a great partner in energy efforts.

With these subsidies, Haryana is moving towards better energy solutions that are good for both wallets and the planet. These efforts aim for smart energy use and sustainable energy solutions in Haryana. They ensure support reaches those who need it most. Fenice Energy backs up these goals with its wide range of services, showing a strong move towards being energy-independent.

Haryana is setting a strong example for the country with its growing solar energy use. By March 2023, Haryana had an encouraging solar capacity of 1,029.16 MWAC. This contributes to India’s larger goal, aiming for an installed solar capacity of 81,813 MWAC by March 2024. The country’s investments and big projects, like the Gujarat Hybrid Renewable Energy Park, show it’s leading in the solar revolution. For Haryana’s residents, this means a great chance to join in this change with the solar panel subsidy and quality service from companies like Fenice Energy.

FAQ

How can residents secure a solar panel subsidy in Haryana?

To get the subsidy, sign up on the National Portal for Rooftop Solar first. Then, fill out the online form. Follow the instructions for checking, installation by a chosen vendor, and get your subsidy through Direct Benefit Transfer.

What are the key advantages of adopting solar panel technology in Haryana?

Adopting solar panels saves on electricity costs and offers clean energy for 25 years. It helps the environment by cutting down the use of non-renewable energy.

What does the Central Financial Assistance (CFA) for solar subsidy in Haryana include?

The CFA grants tiered subsidies for home solar systems based on size. There are different subsidy amounts for systems up to 10 kW. Systems over 10 kW get a set subsidy. Resident Welfare Associations also get subsidies for shared facilities.

Who is eligible for the rooftop solar subsidy program in Haryana?

Residential property owners, like individual homeowners and housing societies, are eligible. They can apply for the state’s solar subsidy program.

What economic benefits does the solar subsidy offer homeowners in Haryana?

The subsidy cuts down the initial setup cost of solar systems. It speeds up the return on investment. It also lowers electricity bills significantly, leading to big savings over time.

How do subsidy amounts impact the upfront cost of solar projects?

Subsidies reduce the initial expense for solar projects. This makes solar more affordable and appealing for homeowners.

What’s the process to apply for the solar power subsidy scheme in Haryana?

The application process involves online registration and document submission. Next, comes a technical check. Then, an authorized vendor installs the solar system. Finally, the subsidy is claimed through Direct Benefit Transfer.

Why is it important to choose an MNRE empanelled vendor for solar system installation?

An MNRE empanelled vendor ensures quality and service that meet government criteria. This guarantees the subsidy program’s requirements are met.

How does Fenice Energy assist in the process of solar system installation?

Fenice Energy conducts site assessments, suggests optimal solar setups based on need, and ensures MNRE standard compliance. They also help with the required paperwork and process for the subsidy.

How can residents maximize benefits from the state solar subsidy program?

By using net metering to sell surplus electricity back, residents earn solar credits. This boosts the financial gains from the solar power system.