Delhi Launches Solar Policy 2024: Zero-Cost Bills for Residents
Kejriwal announced that those installing rooftop solar panels would enjoy zero-cost electricity bills.
January 30, 2024. By Abha Rustagi
Residential consumers stand to gain the most from this policy, as Kejriwal announced that those installing rooftop solar panels would enjoy zero-cost electricity bills. In addition to the existing power subsidy for those using up to 200 units per month, the Generation-based Incentives (GBI) proposed under the new policy could potentially earn residential consumers INR 700-900 per month.
Furthermore, commercial and industrial consumers will witness a 50 percent reduction in their electricity bills upon the installation of rooftop solar panels. The policy introduces various incentives, including a capital subsidy of INR 2,000 per kW for residential consumers, with a maximum limit of INR 10,000 per consumer. The Delhi government's GBI offers an additional monthly income for solar panel adopters.
Residential consumers will receive a monthly generation-based incentive of INR 3/unit (up to 3kW plant), INR 2.5/unit (3 to 10 kW plant), and INR 1/unit (commercial users) for 5 years.
Delhi's solar power capacity currently stands at 1,500 MW, including 250 MW from rooftop plants. The government aims to increase this capacity to 4,500 MW by March 2027, making up around 20 percent of the city's electricity consumption from solar power.
Under the policy, all government buildings with an area of 500 sqm must install rooftop solar panels within the next three years. Additionally, an innovative deployment model, the community solar, has been introduced to accommodate consumers with funding or rooftop space constraints.
The Delhi government has allocated INR 570 crore for the implementation of the policy, emphasizing its commitment to a sustainable and green future.
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