Why is it in the news?

• Government unveils Pradhanmantri Suryodaya Yojana (PSY) to boost solar power access across the nation.

 More about the news

• PSY aims to install solar rooftop systems on 1 crore houses, specifically targeting low and middle-income individuals.
• The initiative intends to reduce electricity bills for beneficiaries while providing an additional source of income through surplus electricity generation.
• PSY will actively support the Grid Connected Solar Rooftop Programme (2014), aligning with its objectives.
• A national campaign will be launched to mobilize residential consumers, encouraging widespread adoption of rooftop solar systems.

About Grid Connected Solar Rooftop Programme

• The program aims to achieve a cumulative installed capacity of 40,000 Megawatt (MW) by 2026.
• The current grid-connected solar rooftop capacity is approximately 11GW.
• The second phase of the program was launched in 2019.
• Funding for the Grid Connected Solar Rooftop Programme is provided under two components:

1) Component A: Central Financial Assistance (CFA)/Subsidy, aimed at supporting residential electricity consumers.

2) Component B: Coverage of DISCOMs (Distribution Companies).

• The Ministry of New & Renewable Energy (MNRE) is responsible for overseeing the implementation of the Grid Connected Solar Rooftop Programme.

 About Solar rooftop system

• A solar rooftop system includes solar modules, solar inverters, and other electrical components like meters and cables.
• These systems are known as Grid-connected Rooftop Photovoltaic systems (GRPV), and are installed on residential and commercial rooftops, connecting to the power grid.