Who’s eligible for Solar Subsidy: MNRE Clarifies
MNRE is actively putting out clarifications that the industry has been seeking. The last one was on Concessional Custom Duty Exemption and now, there is one on who’s eligible for subsidy . We hope that this clarifies the mess about who really is eligible for subsidy. A brief of the clarification is as follows: All rooftop solar power plants, whether net-metered/ gross-metered or not, are all eligible for Central Financial Assistance or Subsidy of 30% provided by Ministry of New and Renewable Energy . Of course, this has a restriction that it is only for those of the Institutional, Domestic or Social Sector Subsidy will not be withheld on the sole criteria that NOC has not been allocated by DISCOM for allowing grid connectivity. According to us, this would accelerate the pace of project execution of Rooftop Solar projects. Further, it states that as long as SNA/ SECI/ PSU/ govt. agency (implementing agency) responsible disbursing subsidy, states that the proje...