In a groundbreaking move, the Delhi government has unveiled its new solar policy, Solar Policy 2024, superseding the previously progressive 2016 policy. Under this visionary initiative, individuals who install solar panels on their rooftops are set to enjoy the remarkable benefit in monthly bill, electricity is free up to 200 units in Delhi, half up to 400 units and above that the full bill is charged.
Highlights of Delhi’s Solar Policy 2024:
- Generous Generation Based Incentive (GBI): The policy introduces a substantial Generation Based Incentive (GBI) of Rs 3 per unit for solar systems ranging from 1 to 3 KW and Rs 2 per unit for systems between 3 to 10 KW. This lucrative incentive is applicable for a period of 5 years, providing a significant boost to solar power adopters.
- Capital Subsidy for Residential Solar Adoption: Residents looking to embrace solar energy will benefit from a capital subsidy of up to Rs 10,000 for each household.
- Mandatory Rooftop Solar Panels for Government Buildings: As part of its commitment to sustainable practices, the policy mandates the installation of rooftop solar panels on all government buildings with an area exceeding 500 square meters. This compulsory measure ensures that public infrastructure leads by example in embracing clean and renewable energy solutions.
Chief Minister Arvind Kejriwal highlighted the transformative nature of the policy, emphasizing that residents opting for rooftop solar installations stand to earn Rs 700-900 every month, further incentivizing the transition to sustainable energy.
One of the key mandates of the Solar Policy 2024 is the compulsory installation of rooftop solar panels on all government buildings with an area exceeding 500 square meters within the next three years. This move underscores the government’s commitment to leading by example and embracing renewable energy solutions.
Delhi’s commitment to sustainability and its citizens’ financial well-being is evident in this forward-thinking solar policy, positioning the city as a trailblazer in the nation’s renewable energy landscape. The prospect of liberating citizens from electricity bills and encouraging green practices is set to create a ripple effect, fostering a more sustainable and eco-friendly future for Delhi.
