Delhi government unveils ‘Delhi Solar Power Policy 2024’

The Delhi government has introduced the ‘Delhi Solar Policy 2024.’ Aimed at reducing air pollution and alleviating economic pressures, the policy offers significant advantages for individuals adopting rooftop solar panels. Residential consumers are positioned to gain the most, as the installation of rooftop solar panels ensures that they will have electricity bills reduced to zero cost. Delhi’s chief minister (CM) has revealed an additional incentive in the form of generation-based incentives (GBI), with the potential to reach Rs 700-900 per month for individuals with monthly consumption up to 200 units. When commercial and industrial customers install rooftop solar panels, their electricity expenses will drop by 50 percent. The policy presents various incentives, such as a capital subsidy of Rs 2,000 per kW for residential users, with a limit of Rs 10,000 per consumer. Additionally, the government’s GBI scheme provides an extra monthly income for those who adopt solar panels. According to the policy, the government will provide a payment of Rs 3 per unit for solar plants up to 3 kW and Rs 2 per unit for plants ranging from 3 to 5 kW, and this arrangement will be applicable for a period of five years. The Delhi government has earmarked Rs 5.7 billion for the full-fledged execution of the policy, emphasising its dedication to a sustainable and eco-friendly future.