As electricity costs soar and climate change becomes real, the Indian government has doubled down with the Free Solar Rooftop Scheme 2.0. Targeted at making homes energy independent, this updated scheme offers free solar panel installation for eligible households.
But is now the right time to make the switch to solar? Let’s break it down with Vizzve Finance.
🔆 What is the Free Solar Rooftop Scheme 2.0?
Launched by: Ministry of New and Renewable Energy (MNRE)
Subsidy: Up to 100% for residential rooftop systems (1–3 kW)
Goal: Install 1 crore solar rooftops across India
Eligibility: Must own a residential property with suitable roof space
🏡 A 2kW system can save up to ₹1,000–₹1,500/month on your electricity bill.
⚡ Why This Scheme Matters for Your Finances
✅ Zero Installation Cost
Eligible homes can get solar setups at no upfront cost, removing the financial barrier to green energy.
✅ Drastic Savings on Electricity
Rooftop solar slashes your monthly bill and protects against tariff hikes.
✅ Increase Property Value
Homes with solar systems have higher resale value due to lower energy costs.
✅ Tax Benefits + Carbon Credits
You also gain from green energy incentives, rebates, and even future carbon trading opportunities.
🧠 Should You Invest in Solar Now? Consider These:
1. Do You Own Your Home?
Solar installation is best for permanent homes—not rentals.
2. Do You Have Enough Roof Space?
Even 100 sq. ft. is enough for 1kW capacity.
3. Check Grid Connectivity
Urban homes with net metering save the most by selling extra power back to the grid.
💰 Vizzve Finance Tip: Turn Solar into a Wealth-Saving Asset
Even if you don’t qualify for 100% subsidy:
Use Vizzve’s EMI financing for partial solar installation.
Return on investment (ROI) is usually within 4–5 years.
Use our budgeting tool to allocate savings from reduced electricity bills into mutual funds or SIPs.
✅ How to Apply for Solar Rooftop Scheme 2.0
Visit the National Portal for Rooftop Solar
👉 https://solarrooftop.gov.in
Register with your electricity details
Choose empanelled vendor
Install & claim subsidy digitally
Bonus: Some state governments like Gujarat, Rajasthan, and Tamil Nadu offer additional local subsidies.
❓FAQs:
Q1. Is the solar rooftop scheme completely free?
For systems up to 2–3 kW in residential homes, yes—100% subsidy is available, depending on state and grid connection.
Q2. How much money can I save monthly?
A 2kW system can reduce your bill by ₹1,000–₹1,500/month.
Q3. Can I take a loan for solar installation?
Yes. Platforms like Vizzve Finance help you get low-interest EMI-based loans for solar setups.
Q4. What’s the lifespan of a rooftop solar system?
Most systems last 20–25 years, offering decades of savings.
Published on : 19th July
Published by : SMITA
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