There is an opportunity to earn big money by installing solar panels on the roof of the house. The Arvind Kejriwal government has released the Delhi Solar Policy 2023, which will give zero bills to consumers with monthly usage of more than 400 units. Now solar panels installed on rooftops will get zero bills if they do not get a subsidy if their usage is more than 400 units per month. The Delhi government said in a statement that by installing the plant on the rooftop, the electricity bill of commercial users will be halved.

What is the Current Status?

Domestic consumers get zero bills on monthly consumption above 200 units, but a 50% subsidy on monthly consumption between 201 to 400 units. Delhi government will spend Rs 570 crore to implement this policy.

How much income will there be?

Solar panel makers will get production-based incentives, which will give them additional earnings of up to Rs 900 per month. From this one gets rs 10800 annually. With this, the cost of installing solar panels can be reimbursed within four years as per the new policy.

The government will collect units

As per the policy, the Delhi government will deposit Rs 3 in the consumer's bank account for each unit. For three to tenth kilowatts, the earning will be Rs 2 per unit. The government will provide production-based incentives (GBI) for five years. The amount under GBI will be adjusted in the monthly electricity bill of the consumer. The concerned electricity company will deposit additional funds into the consumer's bank account every month.

A solar portal is being created to collect all the information about Delhi Solar Policy. All necessary information related to the policy will be given in it. The policy also includes the installation of solar panels on all government buildings with a roof area of more than 500 square meters. For the first time, the Delhi government will provide a capital subsidy of up to Rs 10,000 to residential consumers at the rate of Rs 2,000 per kilowatt of installation. This will be in addition to the financial assistance from the Central Government.