PUNE: The Union government is providing a 40% subsidy to residential consumers and 20% subsidy to group housing societies and residential welfare associations to install rooftop solar systems, a statement issued by Maharashtra state electricity distribution company ltd (MSEDCL) said.

The installation of a rooftop solar system will lead to huge savings in monthly household electricity bills, while the remaining electricity will also be purchased by MSEDCL at the end of each financial year through net metering arrangement.

Chairman and managing director of MSEDCL Vijay Singhal has told regional offices to provide advantage of this scheme to consumers.

A target of 25MW has been sanctioned for MSEDCL under Ministry of New and Renewable Energy (MNRE) Phase-II scheme. Under this scheme, central financial assistance will be provided by the Centre for installation of rooftop solar system of at least 1KW capacity to residential category consumers — 40% subsidy for 1-3KW and 20% for 3-10KW. Consumers of group housing society and residential welfare association will also get a 20% subsidy for common facilities up to 500KW, with a limit of 10KW per house.

MSEDCL has empanelled zone-wise agencies to set up rooftop solar systems. The list of empanelled agencies and online application facility is available on MSEDCL website ‘www.mahadiscom.in’.

With the installation of a 1KW rooftop solar system, customers who consume up to 100 units per month can save up to Rs 550 as per the current tariff. Also, through the net metering arrangement, the unutilized units will be purchased by MSEDCL at the end of each financial year. It will also benefit residential consumers financially. At the same time, the payback period on investment for such system will be about 3 to 5 years.

Suhas Patwardhan of the Pune District Cooperative Housing Federation said that the decision will benefit the housing societies. He however said financial aid in addition to the subisdy would go a long way in convincing people. “A soft loan system could ensure better implementation as investment in a solar power system is still a costly affair, and housing societies could face challenges in raising funds. Citizens are willing, it just requires some support from the government,” Patwardhan said.



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