Summer has knocked in India and with this, the use of AC and coolers in homes has also increased rapidly. But along with this there is another thing that grows – and that is electricity bill. Usually, people have to pay electricity bills up to thousands of rupees during the summer season. In such a situation, people find some measures every year to reduce electricity expenses.
To overcome this problem, the Government of India has launched a great scheme – Prime Minister Surya Griha Free Power Scheme. Under this scheme, the government helps in installing solar panels in the homes of common people so that they can make their own electricity and the electricity bill becomes zero.
What is Pradhan Mantri Suryagriha Yojana?
The Prime Minister Surya Griha Free Electricity Scheme is an ambitious scheme of the Government of India, which aims to connect every house in the country with solar energy. Under this scheme, the government gives subsidy to the people and install solar panels on the roofs of their houses.
The electricity generated from this solar panel will be able to run the equipment of the house and the electricity bill will not come. Rather, in many cases additional electricity can also be sold to the government, which can also earn the common man.
What to do if you do not have money?
Often people think that installation of solar panels is expensive and they are unable to start it. But now it is not so. The government has made this scheme so simple that even if you do not have money, you can get a solar panel by taking a loan.
The best thing is that the government also gives subsidy to you even after getting a loan and installing solar panels. That is, you first take a loan from the bank, get solar panels and then take advantage of subsidy.
How much subsidy is available?
The subsidy provided by the government depends on the capacity (KW) of the solar panel. See complete information here:
1 kW (KW) system – ₹ 30,000 subsidy
2 kW (KW) system – ₹ 60,000 subsidy
3 kW or more – subsidy up to ₹ 78,000
Under this scheme, whether you take a loan and install solar panels or get it directly from your pocket, everyone gets subsidy.
How to get a loan?
If you want to install solar panels at your home by taking a loan, then you have to apply for this in the bank. Most nationalized banks and private banks are giving loans under this scheme. While applying, banks will ask you for your roof area, electricity consumption, and necessary documents.
These documents required for the loan can usually include:
Aadhar card
PAN card
Previous electricity bill
Evidence of having home owner
Bank statement
By going to the bank, you can get complete information about interest rate and processing fees. In some banks this interest rate can be between 7% to 10%, but it depends on the capacity of your profile and solar system.
How to take loan from SBI?
If you want to take a loan for a solar panel from State Bank of India (SBI), the bank has also created a special page for this. You can apply by visiting SBI website:
Here you will get all the information-how to apply, which documents will be imposed, and in how long the loan will be found.
Why get solar panels installed?
Electricity bill will get relief
Earnings can be earned by selling extra electricity
Contribution in keeping the environment clean
Benefits of government subsidy
Increase in price and value of home
conclusion
The increasing electricity bill in summer has a big impact on the common man’s pocket. In such a situation, if you install solar panels under the Pradhan Mantri Suryagriha Yojana, then this will be a profitable deal for you. If you do not have money, then you can start this by taking a loan, and you can take advantage of the subsidy and repay your loan quickly.
Take information about this scheme today and make the roof of your house, make an electric factory!