In order to promote domestic electricity capacity, the Tamil Nadu government is offering a capital subsidy of Rs 20,000 for every 1 kW solar rooftop system. This was promised by Chief Minister J. Jayalalithaa back in April.
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According to the renewable energy development arm of the State Government, Tamilnadu Energy Development Agency (TEDA), the cost of a 1 kW solar rooftop system comes out to be Rs 1,00,000. The government will give a subsidy of Rs 30,000, with the investor paying only Rs 50,000. TN will offer another Rs 20,000. This subsidy will be offered on a ‘first come first served’ basis.
TEDA expects that the solar system will generate 1,600 units a year. Now at a tariff of Rs 5.75 per kWhr, the annual savings will be about Rs 9,200.
The subsidy will be given only to grid-connected, battery-less systems, and only for domestic consumers (‘LT-1A’ category), reports Hindu Business Line. Solar power generated is to be consumed within the building. Consumers may choose to buy the solar systems from a list of vendors approved by TEDA. TEDA will “float a tender for empanelling the vendors,” the GO says according to the report.
The subsidy is applicable for only 1 kW systems, that too only for the first 10,000 applicants.
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