Relief from Rising Electricity Bills with Solar Panels
New Delhi: The burden of hefty electricity bills has been a growing concern for many households. However, a new initiative by the government is set to bring relief. Under this scheme, solar panels will be installed in homes, ensuring zero electricity bills and uninterrupted power supply. The objective is to reduce the financial burden on consumers while promoting renewable energy sources.
Pradhan Mantri-Surya Ghar Muft Bijli Yojana
To facilitate solar energy adoption, the central government has introduced additional payment options under the Pradhan Mantri-Surya Ghar Muft Bijli Yojana (PM-Surya Ghar Muft Bijli Yojana). This initiative aims to help citizens install solar panels without significant upfront costs, reducing dependence on conventional electricity sources and promoting environmental awareness.
Implementation in Collaboration with Companies
The government has devised two payment methods for installing rooftop solar panels. This initiative will be implemented in collaboration with private companies and distribution organizations to ensure a hassle-free process for consumers. The two primary models under this scheme are as follows:
Payment Methods for Solar Panel Installation
1. Renewable Energy Service Company (RESCO) Model
Under the RESCO model, an external service provider installs solar panels at no initial cost to the consumer. Instead of making an upfront payment, homeowners only pay for the energy consumed from the solar panels. This model makes solar power accessible to all, ensuring clean and affordable energy without any heavy financial burden.
2. Utility-Led Aggregation (ULA) Model
The ULA model involves energy companies or state-nominated organizations installing solar panels on residential rooftops. Similar to the RESCO model, there is no upfront cost for homeowners. This approach allows consumers to utilize solar energy for free, leading to reduced electricity expenses and a sustainable energy future.
Government Subsidy and Financial Assistance
To further support the adoption of solar energy, the government has introduced a Protection and Security Mechanism (PSM) alongside Central Financial Assistance (CFA). These measures ensure that homeowners receive subsidies and financial aid to make the transition to solar energy seamless. With this initiative, the government aims to make the process of installing solar panels secure, easy, and beneficial for all citizens.
This initiative marks a significant step towards a greener future, providing financial relief and energy independence to millions of households. By embracing solar power, consumers can enjoy sustainable and cost-effective electricity for years to come.
