KSEB SOLAR SUBSIDY SCHEME
KSEB SOLAR SUBSIDY SCHEME 2023 - 2024
The Soura KSEB Solar subsidy project is an initiative by the Kerala State Electricity Board (KSEB). Households in Kerala who install rooftop solar panels can receive up to 40% subsidy under this programme, and are also likely to get at least a twofold return on their investment.
The Ministry of New and Renewable Energy (MNRE) aims to set up 38 GW of rooftop solar PV projects in the second phase of its ambitious grid-connected rooftop solar photovoltaic programme. In line with the phase II subsidy program of MNRE and with the approval of state government, KSEB initiates a subsidy program for their domestic consumers. In this subsidy initiative, KSEB introduce three special models (Kerala models) apart from the normal subsidy model. All three Kerala models are based on the average consumption of the consumer and it aims to give financial support to the weaker section there by making them green energy partner of the state.
KSEB ROOFTOP SOLAR SUBSIDY SCHEME 2023-24
With the increasing electricity rates and there being a huge demand for electricity in the market, KSEB Solar Subsidy Scheme is an initiative by the government with the main motive to make people adopt other natural sources to fulfill their electricity needs.
The Ministry of New and Renewable Energy (MNRE) has planned to set up 38 GW of rooftop solar projects. And the KSEB is providing subsidies for their domestic consumers of electricity.
Consumers can install any one of the government-provided two models. However, Kerala has been allotted 50 MW under this scheme, and once the department receives 75,000 applications then they will close the program. So, you need to be quick and apply for the scheme as soon as possible.