Rooftop solar subsidy to end from Sept 1

Jaipur: The Centre has decided to withdraw the subsidy given to the rooftop solar projects with capacity up to 10 kilowatt from August 31.
As per the existing norms, the Centre provides 40% subsidy to projects having 3kw and 20% from above 3kw to 10 kw.
Subodh Agarwal, chairman and managing director of Rajasthan Renewable Energy Corporation said, “Every kilowatt capacity produces four units of power and the investments made are recovered in four years due to cheaper solar energy.”
Additionally, he said, the life of the projects are 25 years which offers huge savings for people opting for the solar rooftop projects.
He also appealed people to take advantages of the scheme and put up the plants before the expiry of the subsidies.