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Exciting news for Indian households! The PM Surya Ghar Muft Bijli initiative has now been extended, as of Budget 2024! This groundbreaking program, which promotes rooftop solar panel installation, has already garnered immense interest with over 1.28 crore sign-ups and 14 lakh applications. The government recognizes the potential to revolutionize India's energy sector.  By empowering homes to generate their own clean electricity, families can expect to save between ₹15,000 and ₹18,000 annually.  Plus, excess power can be sold back to the grid, putting money in people's pockets! This expansion is a crucial step towards India's ambitious goal of 500 GW non-fossil fuel capacity by 2030.  With only 2.2 GW currently installed in homes, there's plenty of room for growth.  The government aims to boost solar power generation by 40 GW annually over the next five years. Are you ready to join the solar revolution? #solarenergy #budget2024 #indianeconomy

The Government of India has just announced the groundbreaking Pradhanmantri Suryodaya Yojana (PSY) with a bold ambition: to equip 1 crore households across India with rooftop solar power systems. 🏠☀️ This isn't just about reducing electricity bills; it's about empowering households and making India self-reliant in energy. Over the past decade, thanks to increasing domestic manufacturing and strong government support, we've witnessed a remarkable surge in solar-based power generation capacity. 📈✨ And now, with the surge in demand from Indian households, the opportunities are even greater. As we embark on this transformative journey, companies involved in rooftop solar power projects - from panel manufacturing to project implementation (EPC), financing, and power storage solutions (batteries) - stand to benefit immensely. 💼💡 Let's embrace this renewable revolution and build a brighter, more sustainable future for all. Together, we can harness the power of the sun to drive progress and prosperity. ☀️🌱 #PradhanmantriSuryodayaYojana #SolarPower #RenewableEnergy #Sustainability #SelfReliantIndia

Is India's Rooftop Solar Revolution the Key to a Greener Future? India is witnessing an unprecedented surge in demand for rooftop solar systems, both from residential and industrial consumers. With initiatives like the Pradhan Mantri Suryodaya Yojana (PMSY) Scheme and the recently launched fourth solar scheme aimed at low- and middle-income households, the country is poised to add significant solar power capacity. Despite challenges such as legacy issues in the energy sector and reluctance from power distribution companies, rooftop solar holds immense potential. It not only provides affordable and reliable power but also reduces dependency on traditional energy sources and contributes to a cleaner environment. The commercial and industrial (C&I) segment, which accounts for a significant portion of India's power consumption, is increasingly turning to renewable energy sources to combat rising power tariffs and meet sustainability goals. This shift not only benefits businesses but also has far-reaching implications for the economy and the energy landscape. As India accelerates its renewable energy transition, the rooftop solar revolution presents an opportunity for sustainable growth and environmental stewardship. With supportive policies, streamlined regulations, and growing demand, the future of solar energy in India looks promising. Are you ready to be part of India's journey towards a greener future? #RooftopSolar #CleanEnergy #Sustainability #IndiaSolarRevolution #solar

THE 1 CRORE SOLAR HOME Exciting prospects for India as it aims to shift from coal to solar energy! 🌍 While the country enjoys abundant sunlight, challenges hindered the adoption of rooftop solar. Lack of awareness, high upfront costs, and limited access to 'solar' loans slowed the pace. Residential spaces contributed only 2.7 GW out of the targeted 40 GW by 2023. 💡 The CEEW report divides the market potential into three parts: 1️⃣ Technical potential: Covering all suitable rooftops could yield 637 GW. 2️⃣ Economic viability: Considering cost-effectiveness narrows it down to 102 GW. 3️⃣ True market potential: Analyzing trade-offs results in just 11 GW without subsidies. To meet the ambitious goal of 1 crore households, subsidies play a crucial role. Currently, around 55 lakh households have the potential, indicating the need for increased government incentives. Upfront costs, averaging ₹51,000 per 1 kW, make subsidies crucial. State governments offering free electricity add another layer of challenge, requiring a strategic boost in financial support. Achieving the 1 crore target isn't a walk in the park, but with increased subsidies and continued awareness efforts, India can stride towards a cleaner and more sustainable energy future. Let's cross our fingers and hope for a brighter, solar-powered tomorrow! ☀️🇮🇳 #SolarEnergy #RenewableFuture #CleanEnergy #IndiaSolarRevolution

#PradhanmantriSuryodayaYojana 📙 Pradhanmantri Suryodaya Yojana is a central government scheme which aims to provide electricity to low and middle-income individuals through solar rooftop installations, along with offering additional income for surplus electricity generation. The Prime Minister said that the power of the sun 🌤 can be harnessed by every household with a roof to reduce their electricity bills and to make them truly Aatmanirbhar for their electricity needs. Also, he directed that a massive national campaign should be started to mobilize residential segment consumers to adopt rooftop solar in large numbers. 🏠 These rooftop solar panels are photovoltaic panels connected to the main power supply unit. 🌳Thus, it reduces the consumption of grid-connected electricity and saves electricity costs for the consumer. This scheme to make India self-reliant in the energy sector will include citizens who belong to the BPL or poor people with very minimal investment. #SolarPanel #RenewableEnergy #MNRE #SaveEnvironment #Corpbiz

Witness a historic moment for India as our esteemed Prime Minister announced the 'Pradhanmantri Suryodaya Yojana,' a visionary initiative set to illuminate 1 crore homes with rooftop solar plants. This groundbreaking announcement marks a significant leap towards sustainable energy and a cleaner, greener future. The 'Pradhanmantri Suryodaya Yojana' is a testament to India's commitment to harnessing the power of the sun, promoting renewable energy, and ensuring energy access for all. It not only promises to transform the energy landscape but also empowers households across the nation to become active contributors to a more sustainable and resilient future. Embrace the power of solar energy under this historic initiative and be a part of the sustainable revolution. Together, let's light up a million homes and pave the way for a sustainable and energy-efficient tomorrow. #SuryodayaYojana #CleanEnergyRevolution #BrighterIndia #Solar #Rooftop #Energy

🌞 India's Prime Minister Narendra Modi has just announced an ambitious new scheme called the Pradhan Mantri Suryodaya Yojana. The goal is to see solar panels installed on the roofs of 1 crore (10 million) homes in India! This move aims to address the rising per capita electricity consumption in the country while reducing dependence on coal and harmful emissions. 🔌 However, there have been challenges in promoting rooftop solar initiatives in India. As of December 2023, only 11 GW of rooftop solar has been installed, with residential spaces accounting for a mere 2.7 GW. Lack of awareness and high installation costs have been deterrents for households considering solar power. Additionally, delays in receiving subsidies and limited availability of solar loans have further hindered adoption. ⚡ Another hurdle is the process of connecting rooftop solar units to the electricity grid. Power Distribution Companies (Discoms) have been reluctant to support this shift towards solar as it could impact their revenue due to long-term agreements with electricity generators. 🔎 Despite these challenges, achieving the goal of 1 crore solar-powered households is not entirely impossible. A report suggests that the market potential currently stands at approximately 55 lakh (5.5 million) households. To make solar installations more attractive, the government may need to ramp up subsidies and make them more accessible. 🌍 India's renewable energy ambitions and the success of the Pradhan Mantri Suryodaya Yojana are crucial in fulfilling the country's renewable energy commitments while also saving valuable foreign exchange reserves. Read more about India's rooftop solar ambitions and the hurdles they face on this webpage: [URL] #RenewableEnergy #SolarPower #RooftopSolar #Sustainability #India [Pradhan Mantri Suryodaya Yojana]

India has the fourth largest installed capacity of renewable energy globally. In Union Budget 2023- 24, INR 7,327 Cr was allocated for the solar power sector, including grid, off-grid and PM-KUSUM projects. India’s solar power sector is a sunshine opportunity waiting to be tapped in. This surge in solar projects and it’s financing not only supports India's transition to cleaner energy but also creates jobs, enhances energy security, and promotes rural electrification. As more investors recognize the long- term benefits of solar, the momentum continues to build. Lending Institutions are increasingly recognizing the immense potential in this sector. They offer tailored financial solutions that cater to the unique needs of small businesses and underserved communities. Their innovative approaches facilitate the adoption of solar power and foster financial inclusion, paving the way for a greener and more sustainable future for India. . To Know more visit https://lnkd.in/dMYtaMFk . Pratapsingh Nathani Kaustubh Kulkarni Jaydeep Bhattacharya Veena Nautiyal Deepavalli Vankalu Sowdamini Bhat Sneha Patel Neelu Subramanian Vinod H. Manjrekar Mahesh Ghadi Kamal Paul . #SolarEnergy #RenewableEnergy #CleanEnergy #GreenEnergy #SustainableFuture #EnergySecurity #SolarPowerIndia #SolarProjects #FinancialInclusion #RuralElectrification #GreenFinance

🌞 Exciting News for Solar Energy Enthusiasts in India! 🇮🇳 The 'Pradhanmantri Suryodaya Yojana' has set an ambitious target to install #rooftopsolar on 1 crore houses, impacting around 10 million households. This substantial initiative, spearheaded by PM Modi, not only aims to alleviate the electricity burden on the poor and the middle class but also propels India towards energy self-reliance. As of July 2023, nearly 87% of the existing 12 GW rooftop solar installations are "non-residential," as reported by JMK Research. The new focus on residential installations marks a pivotal step toward making individual households self-reliant in energy production. Why is this a game-changer? 🏡 Empowering Households: The move shifts the paradigm, allowing households to generate their own power, reducing dependency on traditional grids. 🌐 Towards Net Zero: A significant leap toward India's net-zero goals by promoting clean and sustainable energy at the grassroots level. 💡 Affordability & Sustainability: Lowering electricity bills for the masses while steering the nation towards sustainable energy practices. This announcement underscores the country's commitment to sustainable development and aligns with global efforts to combat climate change. Kudos to India for this substantial push toward a greener and more self-reliant future! 🌿🌏 #RenewableEnergy #Sustainability #SolarPower #EnergyIndependence

We are excited to share that the Union Budget 2024 has extended the PM Surya Ghar Muft Bijli scheme, aiming to install rooftop solar panels for 1 crore households across India. This initiative marks a significant milestone in our journey towards renewable energy and sustainable living. Key Highlights: 1. Financial Relief: Households can expect annual savings of ₹15,000 to ₹18,000 by harnessing solar power, significantly reducing reliance on grid electricity. 2. Net Metering Benefits: With net metering, users can sell surplus energy back to the grid, earning credits that lower future utility bills. 3. Subsidy Structure: The government offers substantial subsidies ranging from ₹9,000 to ₹18,000 per kW under the Rooftop Solar Program Phase-II, making solar installations financially feasible. 4. Job Creation: This initiative not only promotes clean energy but also creates numerous employment opportunities in the solar sector, fostering entrepreneurship among local vendors. 5. Environmental Impact: By adopting rooftop solar, households contribute to reducing carbon emissions, promoting a greener future for generations to come. At Subhasree, we are committed to providing customized renewable energy solutions and end-to-end EPC services for rooftop solar installations. We believe that initiatives like the PM Surya Ghar Muft Bijli scheme are vital in transforming India's energy landscape and achieving the goal of 500 GW of non-fossil fuel capacity by 2030. #SubhasreeProjects #PMSuryaGharMuftBijliYojna #UnionBudget2024 #Budget2024 #SolarEnergy #RenewableEnergy #SustainableLiving #CleanEnergy #JobCreation #NetMetering #SolarSubsidy