PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies & Benefits

During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?

2. ●During the budget session of 2024-25, the finance minister, Nirmala
Sitharaman, introduced the “solar Rooftop scheme,” also known as
“PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those
who wish to put up solar panels in their homes using domestic
power systems. Additionally, adopting photovoltaic technology at
home allows you to lower your monthly electricity expenses. Today
in this blog we will talk all about what is the PM Surya Ghar Muft
Bijli Yojana. How does it work? Who is eligible for this yojana and all
the other things related to this scheme?
PM Surya Ghar Muft Bijli Yojana: Online Application,
Eligibility, Subsidies & Benefits

3. What is PM Surya Ghar Muft Bijli yojana?

●The finance minister Nirmala Sitharam launched the new solar rooftop
scheme in the budget 2024 to 25. After that PM Narendra Modi
launched the PM Surya Ghar Muft Bijili Yojana on February 15th, 2024.
Under this scheme, solar panels are installed in the houses to generate
additional sources of electricity output. In this scheme, subsidies will be
given by the central government directly to the installer's bank account
and also provide them low-interest loans and ensure that the
installation doesn’t have any expense. The installation of solar panels
will not exceed 40% of the cost paid for by the government’s subsidy.

4. ●Poor and middle-class households can save up to 15,000-18,000
annually using this system - generating free electricity and selling
surplus units to electricity distribution companies. The government
has set a goal of installing one crore rooftop solar panel systems in
India. According to the government’s targets, around 75,000 crore
will be saved on the power bills every year if this plan succeeds.

5. What are the eligibility criteria for the PM Surya Ghar
Muft Bill Yojana?

●The applicant should be a citizen of India.

●He/she should belong to a middle or lower-income class household.

●The applicant should own a house or property in their name and the
home should have a proper roof where solar panels can be installed.

●There must be a valid electricity connection for the applicant.

●The applicant should not have previously availed of any solar rooftop
panel subsidy.

6. Subsidy structure of PM Surya Ghar Muft Bijli Yojana

●The following table describes the solar rooftop subsidy scheme for
residential households.
Capacity of the solar rooftop
plan
Average electricity
consumption
Financial subsidies provided by the
government
1-2 kw 0-150 30,000 to 60,000
2-3 kw 150-300 60,000 to 78,000
Above 3kw Above 300 78,000

7. How to apply for PM Surya Ghar Muft Bijli Yojana?

The steps are very simplified and anybody can benefit from this scheme:

●On your browser visit the official website of PM Surya Ghar Muft Bijli
Yojana scheme.

●Click on the left-hand-side button of the website the button name is
apply for rooftop solar.

●Enter your state, district, and electricity distribution company, enter the
customer account number, and then click on the next button.

●Enter your email address and phone number to complete the
registration process.

8. ●Now your account has been created you can log in with your electricity
customer number and mobile number.

●Click on the rooftop solar button as per the form.

●After this wait for the feasibility approval from the DISCOM. Now when
you receive the feasibility approval, you can install the solar rooftop
from any registered solar rooftop distributor like Ksquare Energy.

●Submit the details of the plant and then apply for the net metering after
the installation is completed.

●After the successful installation of the net and inspection by the
DISCOM, they will generate a commissioning meter certificate from the
portal.

●Now that you have received the commissioning certificate, enter your
bank details and a canceled cheque by logging in to the website. The
subsidy will be transferred to your bank account within 30 days.

9. List of documents you will require to apply

●Address proof
●Proof of identity
●Certificate of roof ownership
●Copy of electricity bill
Can the customer facilitate a loan on the solar panel
plant?

●Yes, the solar rooftop applicant can avail of a collateral-free low-interest
loan on solar products of around 7% at present for the installation of
residential RTS systems of up to 3 kW. The interest rate is lessened up
to 0.5% of the current repo rate which is decided by the Reserve Bank
of India. Currently, the repo rate is 6.5%, so the solar rooftop loan
interest will be 6% for the time being in force.

10. Why is it beneficial to opt for PM Surya Ghar Muft Bijli
Yojana?

●This scheme comes with a lot of benefits and perks that are perfect for
the poor and middle-income class. Let’s discuss some of the benefits in
detail:

11. Loan and subsidy facility:

●By availing of this scheme you get the benefits of subsidy directly to
your bank account and loan facility is also provided and the interest to
be paid is 0.5% lower than the current repo rate.


Reduce your carbon footprints

●By installing solar panels at your home you reduce the environmental
impact of traditional sources of electricity, contribute towards the
conservation of the environment, and save natural resources for future
generations.

12. Save money:

●By installing solar panels and using the government's free electricity,
the initiative enables the beneficiaries to reduce their electricity bills.

Earn extra income:

●The beneficiaries can reduce their electricity costs and make money by
selling electricity to DISCOMS.