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India: Subsidy Scheme under the National Solar Mission

Submitted by Baerbel Epp on Mon, 06/28/2010 - 11:13.

In June 2010, the Federal Government of India announced a new set of financing guidelines intended for solar hot water systems in the residential, commercial and industrial sector under the National Solar Mission. According to the government, the incentives will be paid so long until the targets of the National Solar Mission are met.

 

Country / region   India
Name of programme   Subsidy scheme under the National Solar Mission
Type of incentive   Subsidy, combined with a low-interest loan
Eligible technologies  
  • Evacuated tube collectors
  • Flat plate collectors with a liquid working fluid
  • Air collectors
  • Solar concentrators

 

Applicable sectors   Residential, industrial, institutional and commercial
Amount   30 % of the average system costs, which includes the costs for the collector, tank and mounting system
Maximum incentive   Between 3,000 and 6,000 INR/m2, depending on the applied technology (see ccorresponding News). The maximum incentive is adapted annually.
Terms of loan   Only relevant if it is a tax credit programme
Requirements for system   Components must be certified by the Bureau of Indian Standards (BIS)
Finance provider  
  • Indian Renewable Energy Development Agency (IREDA)
  • Banks
  • Financial Institutions
  • Micro-finance Agencies
  • Renewable Energy Service Companies (RESCO)
  • System Integrators
  • Programme Administrators  
Total funds   10 billion INR in the first year, including solar thermal applications and PV off-grid systems
Funding source   Public funds
Effective date   1 April 2010
Expiration date   31 March 2013 The incentives will be paid so long until the targets of the National Solar Mission are met.
Website   http://mnre.gov.in/pdf/jnnsm-g170610.pdf
Last review of this tabloid   June 2010
Contact Secretary, Ministry of New and Renewable Energy, Government of India Phone: +91-11-24361481

 

Effective Date: 
April 1, 2010
Incentive Program: 
Subsidy scheme under the National Solar Mission
Contact: 
Ministry of New and Renewable Energy, Government of India

Effective date April 01 2011

Submitted by Anonymous on Sat, 09/10/2011 - 16:03.

The Incentive scheme became effective from 1st April, 2011 and not effective from April 01 2010. Please visit the link: http://mnre.gov.in/pdf/jnnsm-formats-st.pdf

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