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Title: UP government announced subsidy of Rs 15,000 /KW for development of solar projects
Source:The Pioneer
Date:26 July 2018

Installing rooftop solar photovoltaic (PV) systems for residential consumers will become more affordable in Uttar Pradesh as the state government announced a subsidy of Rs 15,000 / KW for development of rooftop solar projects. If a single project is 3 KW, the subsidy provided would be capped at Rs 30,000. As per an official of New and Renewable Energy Development Agency (NEDA), a subsidy of Rs 15,000 / KW for development of rooftop solar projects in the state will be provided to residential consumers. The NEDA official said that the subsidy will be in addition to the 30 per cent central financial assistance provided by MNRE (Union ministry of New and Renewable Energy). The move is expected to boost rooftop solar installations in the state. As per NEDA, Uttar Pradesh has a cumulative rooftop solar installations of 55 MW.




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