New Delhi: The Pradhan Mantri Surya Ghar Yojana (PMSGY) has transformed India’s residential rooftop solar segment with 4,946MW of capacity installed till July across various states and Union territories, according to a report on Tuesday.
The PM Surya Ghar: Muft Bijli Yojana, also known as the rooftop solar scheme, was launched in February 2024 to provide free electricity to households by subsidising the installation of rooftop solar panels.
The report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics showed that the subsidy disbursements for rooftop solar have crossed Rs 9,280 crore.
With over 57.9 lakh applications submitted for residential rooftop solar installations as of July, PMSGY witnessed significant traction.
"Under PMSGY, Gujar