Rooftop solar scheme: Rules for financial aid released
Financial Express Mumbai|December 31, 2024
THE MINISTRY OF new and renewable energy (MNRE) has issued operational guidelines for implementing the payment security mechanism (PSM) and central financial assistance (CFA) for residential consumers through the renewable energy services company (RESCO) model and utility-led aggregation (ULA) model under the PM Surya Ghar Muft Bijli Yojana.
ARUNIMA BHARADWAJ

The implementation period of the scheme shall be till March 31, 2027, said the ministry.

As per the guidelines, to avail CFA, the residential rooftop solar plant would be the grid connected solar power system tagged to a particular residential power connection of the local discoms and will only include installations on a roof, terrace, balcony or on top of elevated structures.

Special systems like Building Integrated PV (BiPV) and setups under group net metering or virtual net metering, if approved by discoms, also qualify. CFA will be provided for installations up to 3 kW capacity under ULA proposals, the guidelines said.

"The objective of the scheme component is to establish the implementation mechanism for supporting installations through RESCO and ULA models for rooftop solar for eligible consumer categories and to enable discoms and state governments to support rooftop solar development under RESCO and ULA models of deployment," it said.

This story is from the December 31, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 31, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
Financial Express Mumbai

Retrospective on first year back

THERE'S NO SHORTAGE OF DOWNSIDE RISKS FOR 2025, BUT DON'T EXPECT SUPPORTERS TO TURN ON HIM

time-read
4 mins  |
January 18, 2025
Surjewala accuses BJP govt of using ED to protect Amit Shah
Financial Express Mumbai

Surjewala accuses BJP govt of using ED to protect Amit Shah

CONGRESS GENERAL SECRETARY and Karnataka in-charge Randeep Singh Surjewala on Friday termed the ED release on MUDA site allotment scam as the BJP government's diversion tactics to protect Union home minister Amit Shah.

time-read
1 min  |
January 18, 2025
Awestruck and awesome
Financial Express Mumbai

Awestruck and awesome

THULASIMATHI MURUGESAN'S PARENTS wanted to raise their hands over their heads to clap when she received the Arjuna award from the President of India at the Rashtrapati Bhavan on Friday.

time-read
3 mins  |
January 18, 2025
Financial Express Mumbai

Indian companies ready to take on Tesla: Jindal

DOMESTIC ELECTRIC VEHICLE (EV) manufacturers are well-prepared to compete with global players such as Tesla, Sajjan Jindal, chairman and managing director of JSW Group, said on Friday.

time-read
1 min  |
January 18, 2025
Financial Express Mumbai

Kejriwal opposes ED's request to adjourn plea against his bail

Former Delhi Chief Minister and AAP convener Arvind Kejriwal on Friday \"vehemently\" opposed in the high court the ED's request to adjourn its plea on cancelling his bail in the Delhi excise policy case.

time-read
1 min  |
January 18, 2025
Review portfolio at every major life event
Financial Express Mumbai

Review portfolio at every major life event

Your investment style should evolve as your circumstances change

time-read
1 min  |
January 18, 2025
Rupee depreciation hurting pharma sector as input costs rise
Financial Express Mumbai

Rupee depreciation hurting pharma sector as input costs rise

THE DEPRECIATING RUPEE is taking a toll on the pharma sector with an expected rise in the cost of imported raw materials.

time-read
1 min  |
January 18, 2025
BMW Launches India-made EV
Financial Express Mumbai

BMW Launches India-made EV

INDIA'S SECOND-LARGEST LUXURY carmaker BMW launched the made-in-India X1 Long Wheelbase at the Auto Expo on Friday.

time-read
1 min  |
January 18, 2025
Foreign flows into India bonds to fall short on rupee slump, US yields surge
Financial Express Mumbai

Foreign flows into India bonds to fall short on rupee slump, US yields surge

FOREIGN INFLOWS THAT were expected into Indian government bonds over the next two-and-a-half months will fall short of expectations, stymied by a currency that is repeatedly hitting lifetime lows and Treasury yields that are hovering at multi-month highs, investors said.

time-read
1 min  |
January 18, 2025
Closely monitoring prices, says govt
Financial Express Mumbai

Closely monitoring prices, says govt

Inflation in negative zone since July last year

time-read
2 mins  |
January 18, 2025