Grid Connected Rooftop Solar Programme
Why is it in News?
Phase II of the Grid Connected Roof Top Solar Programme was recently approved by the Cabinet Committee on Economic Affairs. The programme will be implemented with a total central financial support of Rs. 11,814 crore.
Aim of the Programme:
It aims to achieve cumulative capacity of 40,000 MW from roof top solar projects by 2022. Phase II provides for central financial assistance (for residential rooftop solar installations) up to 40% for rooftop systems up to 3kW and 20% for those with a capacity of 3-10kW. The second phase will also focus on intensifying the participation of the distribution companies (DISCOM).
Provisions of Central Financial Assistance(CFA):
- Up to 40% CFA for rooftop system upto 3KW.
- Up to 20% CFA for those with a capacity of 3-10 KW.
Eligible groups for CFA: Residential welfare society, group housing, residential sector etc.
Non Eligible groups for CFA: Commercial buildings, educational institutions, government buildings etc.
Discoms will be the nodal agency for this programme.