India: Subsidy Scheme under the National Solar Mission

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