New Solar Payment Methods Illuminate Rooftop Future

The Ministry of New & Renewable Energy introduces two new payment methods for rooftop solar installations under the PM-Surya Ghar: Muft Bijli Yojana, enhancing payment security and subsidy access through RESCO and utility-led aggregation models, backed by a Rs 100 crore financial mechanism for investor protection.

The Ministry of New & Renewable Energy has announced new guidelines introducing two additional payment methods for installing rooftop solar systems under the PM-Surya Ghar: Muft Bijli Yojana.

This initiative is aimed at bolstering payment security and providing subsidies for households choosing to pay via Renewable Energy Service Company (RESCO) and utility-led aggregation models.

An official statement highlights the allocation of Rs 100 crore for a payment security mechanism to de-risk investments in RESCO-based rooftop solar models, potentially supplemented by other grants and sources. These guidelines are designed to complement the existing consumer-driven implementation on the national portal.

(With inputs from agencies.)