The Rs.11,814cr RTS progamme extended to 31 Mar 2026
The rate of growth of renewable energy capacity in India has been one of the highest globally in the last 5 years, with Roof Top Solar (RTS) capacity installations growing at CAGR of around 46%, Minister for New & Renewable Energy and Power R. K. Singh has told Lok Sabha on 21 Dec 2023.
The Ministry of New and Renewable Energy (MNRE) launched Rooftop Solar Programme Phase-II on 8 Ma 2019 with an objective to achieve 40 GW of rooftop solar.
The Financial outlay of the Phase-II Rooftop Solar (RTS) programme is Rs.11,814 crore which includes Rs.4,985 crore of incentives to the Distribution Companies. The Programme has been extended till 31 Mar 2026 without change in the financial outlay initially approved for the Programme.
Launch of National Portal where residential consumers from any part of the country can apply for installation of rooftop solar and get subsidy directly into his bank account under the Programme.
Development of online portals at DISCOM level and aggregation of demand relating to RTS projects.
Electricity (Rights of Consumers) Rules, 2020, has been issued for net-metering up to five hundred Kilowatt or up to the electrical sanctioned load, whichever is lower.
Facilitation of concessional loans from multilateral agencies such as the World Bank.
Renewable energy included under priority sector lending guidelines of RBI.
Quality standards for deployment of solar photovoltaic system/ devises notified.
The present prices of solar PV cells and module are around their lowest levels in last one and half years or so. Thus, the present prices of solar PV cells and modules are not preventing the growth of solar power installations, said the Minister. Fiinews.com
