Delhi government to provide generation-based incentive for power from rooftop solar system

This is just the right time to install a solar roof top system for your house. Delhi government has decided to give a generation-based incentive (GBI) of Rs 2 per unit of solar energy produced to domestic consumers and charitable organisations in a month.

This incentive will be fun ded by Delhi government’s “air ambience fund” created from the 25 paise cess on each litre of diesel bought in the city . Experts say GBI, which is meant to be offered only for two years, can be a great boost for domestic consumers. “We have set aside around Rs 10 crore for the solar GBI from the environment department’s air ambience fund,” said Ashwani Kumar, environment secretary .

Another good news for those investing in solar power is that the Centre has restarted its 30% subsidy on the capital cost of the project. The subsidy had been rolled back to only 15% last year. Read More…