Solar Panel Subsidy in Maharashtra, 2024

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The solar project subsidy in Maharashtra is managed by MEDA. Maharashtra’s installed solar energy capacity now accounts for more than 1800 MW and rooftop solar is near 230 MW. It has the fourth-highest installed rooftop solar power generation capacity across the country. The state is strengthening its policy of providing financial assistance for using solar energy in cottage and micro industries.

Required documentation is needed to submit to MEDA online by a developer on behalf of the eligible customer. Following the provisional approval, the completion report needs to be submitted. After that site visit and site inspection is done by the officials. After all these formalities, the subsidy amount is directly deposited to the customer’s account within 2-3 months of issuing the grant letter.

How & how much subsidy on solar can be availed?

Subsidy/Support is available from Central Government through MNRE.

The subsidy available on the installation of grid-connected solar rooftop power plants is 30% of the benchmark cost. Government institutions including PSUs shall not be eligible for the subsidy. Instead, they will be given achievement-linked incentives/awards. All residential and institutional buildings such as schools, health institutions, etc. and the social sector can avail CFA.

Benchmark cost of Grid Connected Solar System as per the Central Government of India, MNRE - Last Updated, January, 2022

System	Govt. Subsidy	Customer Price
Up to 3kW	40%
Above 3kW to Upto 10kW	20%
Above 10kW	0%
Cost of 3kW Solar System	Without Subsidy	1,80,000
Customer Payable Amount	With Subsidy (- Rs. 72,000)	1,08,000
Cost of 5kW Solar System	Without Subsidy	3,00,000
3kW	40% Subsidy (3*24,000)	-72,000
2kW	20% Subsidy (2*12,000)	-24,000
Customer Payable Amount	With Subsidy (-96,000)	2,04,000
5kW - Generation	Benefits	Units - Rs. 7.5/U
Daily Genration	25 Units	187
Monhtly Genration	625 Units	4687
Yearly Generation	7,500 Units	56, 250
Lifetime Generation	1,87,500 Units	14,06,250
Return on Investment		3.6 years
Income		6.89X
	Installation Area
1.	Mono Perc	500 sq.ft.
2.	Shark 440W - 540W	300 sq.ft.

How to Apply Net Meter in Maharashtra?

After installing net metering of grid connected solar system, you have to upload installation report such as system details, manufacturer of solar panel & inverter details, and some necessary photographs (earthing, lighting arrester, DCDB, ACDB, Wire thickness, etc.) to your electricity department.

Step 1: Submit Application for Solar Connection, there are two way to submit application – Online & Offline. Some states have developed an online platform to get solar connection, but in some states are still working on window work.

Step 2: Contact to the Power Distribution Company (DISCOM), if you are the resistance of Uttar Pradesh, you can find DISCOM details from here. There are 8 DISCOMS in Uttar Pradesh, such as:

List of DISCOMS in Maharashtra state:

Adani Electricity Mumbai Limited
Brihanmumbai Electric Supply & Transport (BEST)
BSES (Reliance Energy Ltd.)
Maharashtra State Electricity Distribution Co. Ltd
Tata Power Co. Ltd

What is the entire process?

To apply solar subsidy, you should follow the following steps:

Step 1: Site Survey. Book Engineer Visit from here.

Step 2: System Capacity, Costing & Performance Analysis

Step 3: Buy Solar System & Installation

Step 4: Apply for Net Metering

Step 5: Get Solar Subsidy after 30 days of rooftop solar panel installation

Read Also: 40% Subsidy on Rooftop Solar Installation in Mumbai, Maharashtra

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96 comments

Bruce ജൂൺ 06, 2023 at 08:47am

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Bruce ജൂൺ 06, 2023 at 08:47am

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SES Solar Network ഡിസംബർ 27, 2022 at 19:32pm

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