renewable energy policy india

India’s commitment to renewable energy, particularly solar power, has reached new heights in 2025. The government has introduced and expanded several policies and financial incentives to boost solar adoption across households, industries, and agriculture. Let’s explore the latest solar energy initiatives in India. Key Government Policies PM Surya Ghar Muft Bijli Yojana (2025 Expansion) This ambitious program aims to provide free solar electricity to 10 million households by 2026. Homeowners can benefit from substantial subsidies from solar company in pune: Rooftop Solar Scheme With a target of 40 GW rooftop solar capacity by 2026, this scheme offers: KUSUM Scheme Designed to support farmers, this initiative provides: Solar Park Scheme The government plans to develop over 50 solar parks (500 MW+ each) by 2030, simplifying land acquisition and grid connectivity for developers. Financial Incentives and Subsidies Central and State Subsidies Tax Benefits and Duty Exemptions Low-Interest Solar Loans Banks like SBI, PNB, and IREDA offer loans at 7-9% interest, while SECI funds large-scale projects. Net Metering and Grid Connectivity The net metering policy allows consumers to offset electricity bills by feeding surplus power into the grid. Gross metering is available for large projects. Gujarat, Karnataka, Tamil Nadu, and Rajasthan lead in net metering implementation. Challenges and Future Outlook Despite the progress, the solar sector faces challenges: Looking ahead, India is focusing on: These initiatives demonstrate India’s commitment to a sustainable energy future. As the country strives to achieve its renewable energy goals, the solar sector is poised for unprecedented growth. With continued government support and technological advancements, India is well on its way to becoming a global leader in solar energy adoption.