Subsidies & Financing

Introduction

Affordable solar made simple.

Switching to solar is not just about sustainability it’s also about affordability. At Tejas Photovoltic, we guide you through government subsidies and financing options that make solar energy accessible for every household and office in Assam.

Central Government Subsidies

  • PM Surya Ghar Muft Bijli Yojana (2024–ongoing):

    • ₹30,000 per kW subsidy for systems up to 2 kW.

    • ₹18,000 per kW for additional capacity up to 3 kW.

    • Maximum subsidy capped at ₹78,000 for systems above 3 kW.

    • Provides up to 300 units of free electricity per month for eligible households.

  • PM-KUSUM Scheme (for farmers & institutions):

    • Supports solar pumps and grid-connected plants.

    • Reduces diesel dependence and cuts agricultural electricity costs.

Assam State Benefits

  • Assam residents receive additional rooftop solar subsidies under the PM Surya Ghar program.

  • Example: A 3 kW rooftop system can save ₹45,000–₹60,000 in upfront costs.

  • State nodal agency: Assam Energy Development Agency (AEDA) manages approvals and disbursement.

Financing Options

  • Bank Loans & EMI Plans: Solar loans available with repayment terms of 3–7 years.

  • Net Metering Credits: Earn credits by supplying excess power back to the grid.

  • Corporate Financing: Offices can access green financing schemes and tax benefits.

  • ROI Timeline: Typical payback period is 4–6 years, after which electricity is nearly free.

Risks & Considerations

  • Subsidy amounts vary by system size and eligibility.

  • Documentation (property proof, electricity bills, ID) is required.

  • Delays in subsidy disbursement are common; financing bridges this gap.

  • Businesses should confirm tax benefits under renewable energy policies.