Capital subsidies-

      The government encourages capital subsidies to boost residential rooftop installations in both rural and urban locations. The SRISTI plan is known to function with solar panel installation in urban areas. These are the locations where housing installations can be found. The SUABHAGYA plan aims to install solar rooftops in rural residential areas and provide free electricity to all homes, regardless of their APL or BPL status.

Assured Power Purchase Agreement (PPA)-

      PPAs are agreements signed by the investor, DISCOM, and regulatory agencies. The solar rooftop’s electricity is totally charged or supplied into the grid at regulated feed-in prices (Fit). State utilities guarantee the purchase of solar power through a PPA that has a negative load and is used on a regular basis. As a result, the investors have put their underused property to good use by constructing solar power plants

Renewable Energy Certificates (RECs)-

      RECs are tradable certificates that aim to reward those that generate green energy by giving cash incentives for each unit they produce. The REC is issued by the Central Electricity Regulatory Commission and is required for solar rooftop panel installation. It aims to benefit the C&I sector in order to achieve carbon neutrality.

Solar panel installations have always risen in importance in the country as a result of the government’s continual efforts in the form of tax breaks and other subsidies. Due to ongoing marketing throughout the country, production and use are also increasing. In India, there are 44.3 GW of installed solar power capacity, up from 1 GW in the mid-2000s. These favorable developments have been brought about by awareness policies and programs. Both rural and urban areas are experiencing the same rate of growth.