Cabinet approves Phase II of rooftop solar programme

The Cabinet Committee on Economic Affairs recently approved Phase-II of the Grid Connected Rooftop Solar Programme that aims to achieve a cumulative capacity of 40,000 MW from rooftop solar projects by 2022.

The programme will be implemented with a total central financial support of ₹11,814 crore.

The Phase II programme provides for central financial assistance (for residential rooftop solar installations) up to 40% for rooftop systems up to 3kW and 20% for those with a capacity of 3-10kW. The second phase will also focus on increasing the involvement of the distribution companies (DISCOM).

“Performance-based incentives will be provided to DISCOMs based on RTS capacity achieved in a financial year [i.e. April 1 to March 31 every year till the duration of the scheme] over and above the base capacity, i.e., cumulative capacity achieved at the end of previous financial year,” the government said in a release.

Hindu