Incentives /Subsidies by MNRE for Renewable Energy Products

The Ministry of New & Renewable Energy has been providing  incentives/subsidy for the number of renewable energy products/systems available in the market to make these products affordable to consumers. Among these are: Solar Water Heating System, Solar Cookers, Solar Home Lighting Systems, Solar Lanterns, Solar Street Lighting Systems, Solar Pumps, Family Type Biogas Plants, Small Wind Turbines, Water Mills. Renewable Energy products are relatively expansive. 

Details of the products with their average cost and subsidies are given below:

S. No. Name of the Product

Cost Range

(in Rs.)

MNRE Subsidy

(in Rs.)

1.

Solar Water Heating Systems (2 Sq. Meters)

13,000 – 20,000

    6000 – 6600

2.

Solar Cookers

i.            Box Type Solar Cooker

ii.            Dish Type Solar Cooker

iii.            SchefflerDish

3,500 to 4,200

6,500 to 8,000

15,000 to 20,000

30% of the product cost    (Maximum).

 

In Special Category States

60% of the product cost (Maximum)

3.

Solar Home Lighting Systems

11,000 – 15,000

4.

Solar Street Lighting Systems

17,000 – 22,000

5.

Solar Lanterns

 1700 – 3000

6.

Solar Pumps

    1,70,000 / kW

7.

Family Type Biogas Plants (2 Cubic m)

 20,000 to 25,000

8,000 to 14,700 (depending upon location)

8.

Small Wind Turbines for off-grid applications

2,00,000 / kW

Upto 120,000 /kW

9.

Water Mills

70,000 – 80,000

35,000

 MNRE Release ID :92552

 

About Ritesh Pothan

Natural Group is a Solar and Renewable Energy Focused Advisory / Consulting Organization with an extensive network enabling it to drive tremendous value into Renewable Energy Projects. Natural Group also runs 2 of the largest India focused renewable energy groups on LinkedIn - Solar Energy Professionals - India and Renewable Energy and Cleantech Forum - India
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