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.
