Delhi Solar Policy 2024 to cut down city’s power bill

NEW DELHI: The Chief Minister of Delhi, Arvind Kejriwal, unveiled the Delhi Solar Policy 2024, under which citizens installing rooftop solar panels will be awarded incentives.

The government will be spending ₹570 crore on the implementation of this new solar policy. With the help of this policy, 20 per cent of the electricity demand of the national capital city will be met by solar power by 2027. CM added that solar rooftops will help citizens cut down their household electricity bill to zero if their electricity consumption is below 200 units a month. He said, “Let us say if a household has consumed 400 units and generated 100 units of solar power, it will be charged only for 300 units”. The people whose electricity consumption falls within 201-400 units will get a subsidy of 50 per cent. A domestic consumer could earn upto ₹700 to ₹900 per month from the rooftop solar panel, and he could recover the installation cost within four years.

CM said, “Let us say a residential consumer’s average monthly consumption is 360 units and the consumer installs a 2kW rooftop solar plant at an approximate cost of ₹90,000 with taxes and subsidy included. The consumer will start getting zero electricity bills right away [saving ₹1,370 per month] as well as the generation-brd incentive of about ₹700 per month”.