Project Details

Monthly Bill (₹)

System Size (kW)

State Factor

Available Roof Area (Sq Ft) 300 Sq Ft

Approx 100 sq ft is needed for every 1kW.

Carbon Footprint Saved

60 Trees

Equivalent CO2 absorption per year.

Maturity & Savings Dashboard

Net Payback Period

0.0 Years

Until your system pays for itself

25-Year Net Profit

₹0

After system cost & maint.

Estimated Generation Monthly Usage

Generating 0 units against 0 units needed.

💡 Subsidy Breakdown

Analyzing PM Surya Ghar incentives...

Investment Breakup

Category	Estimated Amount

Solar Financing & Reinvestment

Financing Solar?

Calculate the EMI for a specialized "Green Home Loan" (SBI Surya Shakti).

Check Loan EMI →

Invest your Savings

Put your monthly electricity savings into a SIP to grow wealth.

Start Savings SIP →

PM Surya Ghar Subsidy (2026)

Max Subsidy = ₹30k (1st kW) + ₹30k (2nd kW) + ₹18k (3rd kW) = ₹78,000

First 2 kW: ₹30,000 per kW Fixed.

Additional kW: ₹18,000 for the 3rd kW. Total capped at ₹78,000 for residential homes.

Maintenance: We factor in a 15% TCO overhead for cleaning and inverter replacement (~Year 12).

How PM Surya Ghar Scheme Works 2026

The PM Surya Ghar Muft Bijli Yojana is the primary vehicle for India's energy transition. In 2026, the scheme continues to provide a direct bank transfer of up to ₹78,000 for residential households. The subsidy is strictly linked to DCR (Domestic Content Requirement), meaning your solar panels must be manufactured in India to qualify for the grant.

The process is fully digitized via the National Portal. Once your vendor uploads the commissioning report and the net-meter is installed, the MNRE verifies the data and pushes the subsidy into your Aadhaar-linked bank account within 15 to 20 days.

5 Steps to PM Surya Ghar Subsidy 2026

Registration

Apply on the National Portal with consumer ID.

Feasibility

Discom grants technical approval.

Installation

Work done by empanelled vendors.

Net Metering

Bi-directional meter installation.

DBT Pay

Cashback hits your bank account.

Investment Comparison: Solar vs Fixed Deposit (FD)

Feature	Residential Solar (3kW)	Fixed Deposit (FD)
Initial Cost	₹1.5 Lakhs (Post-Subsidy)	₹1.5 Lakhs
Annual Yield	25% - 35% (Bill Savings)	6.5% - 7.5% (Interest)
Taxation	100% Tax-Free Alpha	Taxed at Income Slab
Real Return	Strongly Beats Inflation	Below Inflation (Net)

Deep-Dive: Net Metering vs Gross Metering

Net Metering is the gold standard for residential solar in 2026. It allows you to offset your electricity bill unit-for-unit. If your house consumes 300 units but your solar generates 300 units, your 'Energy Charge' becomes zero. You only pay fixed meter rent.

Gross Metering is often used for commercial setups where all solar power produced is sold to the Discom at a fixed low tariff, while you buy back power at a high consumer rate. For homeowners, always prioritize Net Metering to maximize ROI.

Solar Rooftop FAQ (2026 Edition)

Can I take a collateral-free loan for solar in 2026?

Yes. Under the PM Surya Ghar scheme, banks like SBI offer the "Surya Shakti" loan. For systems up to 3kW, you can get collateral-free financing at interest rates around 7% (tied to the repo rate).

How long does it take for the subsidy to hit the bank account?

Once the Discom finishes net-metering and the commissioning certificate is uploaded to the National Portal, the subsidy typically arrives via DBT within 15 to 20 business days.

Are there additional state-level subsidies?

While the PM Surya Ghar is a Central scheme, states like Gujarat (Surya Gujarat) and Uttar Pradesh occasionally offer extra top-up subsidies or lower registration fees. However, most homeowners find the ₹78,000 Central grant sufficient.

Is DCR mandatory for the subsidy?

Yes. Domestic Content Requirement (DCR) is mandatory for residential subsidies. This means the solar cells and modules used in your installation must be manufactured within India.

What documents are required for application?

You primarily need: 1. Latest Electricity Bill, 2. Aadhaar Card, 3. Bank Account details (with cancelled cheque), and 4. A photograph of the rooftop space.