New Payment Models Introduced for PM-Surya Ghar Solar Scheme
POWER & RENEWABLE ENERGY

New Payment Models Introduced for PM-Surya Ghar Solar Scheme

The Ministry of New & Renewable Energy has announced updated guidelines under the PM-Surya Ghar: Muft Bijli Yojana, introducing two additional payment models for the installation of rooftop solar systems. The move aims to ensure payment security and streamline subsidy grants for households adopting solar energy. 

The new models include the Renewable Energy Service Company (RESCO) and utility-led aggregation (ULA) approaches. These alternatives complement the existing consumer-driven capex mode available through the national portal. 

According to an official statement, Rs 1 billion has been allocated for a Payment Security Mechanism (PSM) to mitigate risks associated with investments in RESCO-based grid-connected rooftop solar installations in the residential sector. This fund may be supplemented with additional grants and sources upon approval. 
Key features 

  • RESCO Model: In this setup, third-party entities fund rooftop solar installations, allowing consumers to pay only for the electricity consumed without bearing upfront costs. 
  • Utility-Led Aggregation Model: Power distribution companies or state-designated entities install rooftop solar systems on behalf of individual households, simplifying adoption for end-users. 
The ministry emphasised that these new implementation methods will enhance the program’s reach and effectiveness while ensuring seamless integration with the national portal-based capex approach. 

This initiative underscores the government’s commitment to accelerating rooftop solar adoption in residential sectors and advancing India’s renewable energy goals. 

(Business Standard)    

The Ministry of New & Renewable Energy has announced updated guidelines under the PM-Surya Ghar: Muft Bijli Yojana, introducing two additional payment models for the installation of rooftop solar systems. The move aims to ensure payment security and streamline subsidy grants for households adopting solar energy. The new models include the Renewable Energy Service Company (RESCO) and utility-led aggregation (ULA) approaches. These alternatives complement the existing consumer-driven capex mode available through the national portal. According to an official statement, Rs 1 billion has been allocated for a Payment Security Mechanism (PSM) to mitigate risks associated with investments in RESCO-based grid-connected rooftop solar installations in the residential sector. This fund may be supplemented with additional grants and sources upon approval. Key features RESCO Model: In this setup, third-party entities fund rooftop solar installations, allowing consumers to pay only for the electricity consumed without bearing upfront costs. Utility-Led Aggregation Model: Power distribution companies or state-designated entities install rooftop solar systems on behalf of individual households, simplifying adoption for end-users. The ministry emphasised that these new implementation methods will enhance the program’s reach and effectiveness while ensuring seamless integration with the national portal-based capex approach. This initiative underscores the government’s commitment to accelerating rooftop solar adoption in residential sectors and advancing India’s renewable energy goals. (Business Standard)    

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement