REAR RENEWABLE ENERGY ASSOCIATION

Residential on-grid solar projects up to 3 KW will qualify for a subsidy of 40%. For rooftop solar installations above 3 KW, and up to 10 KW will get a subsidy of 40% for the first 3 KW and 20% for the remaining capacity, and for installations above 10 kW, it is 40% for the first 3 KW and 20% for the remaining 7 KW. However, there’s no subsidy beyond 10 KW capacity. Rajasthan Residential Solar subsidy Scheme:- Rajasthan has been allocated total capacity of 55 MW under the sch

Finance ministry announced the rise in GST on Renewable Energy Equipment ( Solar Modules & Inverters) from 5% to 12% and will be applicable from 1st oct 2021. The rise in GST have immediate negative impact on the cash flow of all EPC players. However, when in comes to Rooftop Vendors empaneled under RTS Phase-2 of MNRE, the impact is huge in terms of cash flow as well as the loss due to the tender conditions, wherein the the project cost under subsidy scheme is all inclusive