2024 Government Incentives for Solar Installation

The Indian government has introduced exciting new incentives for solar adoption in 2024. Homeowners can now benefit from a 40% subsidy on solar installations up to 3kW and 20% for systems between 3kW and 10kW. Additionally, the net metering policy has been standardized across all states, allowing consumers to sell excess power back to the grid at attractive rates.

Commercial installations also see benefits with accelerated depreciation of 80% in the first year and zero import duty on high-efficiency solar modules. These incentives are part of India's commitment to achieving 500 GW of renewable energy capacity by 2030.

To take advantage of these incentives, homeowners and businesses need to apply through the National Solar Mission portal or contact authorized solar installers like Swami Solar, who can handle the paperwork and ensure all requirements are met.

Contact us today to learn how these incentives can significantly reduce your solar installation costs and improve your return on investment.