Prime Minister Narendra Modi’s ambitious vision of rooftop solarisation will provide 300 units of free electricity to 1 crore households every month resulting in savings of ₹15,000-20,000 per month. This significant announcement promises a bright future not only for the renewable energy industry but also for numerous enthusiasts and entrepreneurs urging new employment opportunities

The government, in January, increased benchmark central financial assistance for the residential sector under the rooftop solar program to give a push to the projects and cover the higher cost of solar panels.
Support for up to 3 kW capacity was raised to Rs 18,000 per kW for general states, up 23.4%, from Rs 14,588 per kW earlier, according to a notification from the Ministry of New and Renewable Energy.

The Union Budget for 2023-24 had provided for an allocation of Rs 7,327 crore for the solar power sector including grid, offgrid, and PM-KUSUM projects. This was a 48 per cent increase over the previous Rs 4,979 crore provided in the revised estimates for the previous budget.

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