Overview of Surya Yojna

PM Surya Yojna transforms India’s energy landscape by integrating solar power into the national grid. We harness India’s abundant solar energy to provide a sustainable, reliable, and eco-friendly power source.

Our program promotes widespread adoption of solar technologies across residential, commercial, and industrial sectors. By offering incentives, streamlining approval processes, and encouraging private investments, we reduce dependence on fossil fuels, enhance energy security, and combat climate change. This initiative drives economic growth, creates jobs, and builds a sustainable and resilient energy infrastructure for India’s future.

What is the core of Surya Yojna?

The scheme provides a CFA of 60% of system cost for 2 kW systems and 40% of additional system cost for systems between 2 and 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean a Rs 30,000 subsidy for a 1 kW system, Rs 60,000 for 2 kW systems, and Rs 78,000 for 3 kW systems or higher.The households will apply for subsidies through the National Portal and will be able to select a suitable vendor for installing rooftop solar.

The National Portal will assist households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculators, vendor ratings, etc.

Households will be able to access collateral-free low-interest loan products of around 7% at present for the installation of residential RTS systems up to 3 kW.

Other Features of the Scheme

A Model Solar Village will be developed in each district of the country to act as a role model for adoption of rooftop solar in rural areas,

Urban Local Bodies and Panchayati Raj Institutions shall also benefit from incentives for promoting RTS installations in their areas.

The scheme provides a component for payment security for renewable energy service company (RESCO) based models as well as a fund for innovative projects in RTS.

Outcome and Impact

Through this scheme, households save on electricity bills and earn additional income by selling surplus power to DISCOMs. A 3 kW system generates more than 300 units a month on average for a household.

We propose to add 30 GW of solar capacity through rooftop solar in the residential sector, generating 1000 BUs of electricity and reducing 720 million tonnes of CO2 equivalent emissions over the 25-year lifetime of rooftop systems.

We estimate that the scheme will create around 17 lakh direct jobs in manufacturing, logistics, supply chain, sales, installation, O&M, and other services.

Future Road Map

The future roadmap of Surya Yojna will prioritize several strategic initiatives to accelerate India’s transition to sustainable solar energy. This includes enhancing policy frameworks, streamlining approval processes, and incentivizing solar projects to attract private investments. We will prioritize technological innovation to improve solar panel efficiency, battery storage, and grid integration.

Additionally, we aim to scale up decentralized solar power generation in rural areas and empower local communities through off-grid solutions, providing them with reliable and sustainable energy sources.

We will focus on building a skilled workforce in the solar sector and strengthening international collaborations for technology transfer and financing. Overall, Surya Yojna aims to achieve ambitious targets, ensuring energy security and contributing to a cleaner and sustainable future for India.