Government Schemes & Financing

1. Government Solar Subsidy in India – PM Surya Ghar Yojana

The Indian government provides financial assistance to homeowners through the PM Surya Ghar Muft Bijli Yojana (Rooftop Solar Subsidy Scheme). This initiative allows residential consumers to install solar panels at a lower cost and benefit from reduced electricity bills.

Subsidy Rates for Residential Solar Systems

• Up to 3 kW system → 40% subsidy
• Above 3 kW up to 10 kW → 20% subsidy
• Above 10 kW → No subsidy, but full net metering benefits apply

Example: If you install a 3 kW solar system costing ₹1.5 lakh, the government will cover ₹60,000, reducing your total cost to just ₹90,000!

How to Apply for a Solar Subsidy?

Applying for the subsidy is simple:

• Visit the National Portal for Rooftop Solar
• Register and submit your solar installation details.
• Get approval from your local electricity provider.
• Install the solar system through an approved vendor like Luminor Solar.
• Receive the subsidy amount directly into your bank account after verification.

Need help applying for the subsidy? Contact us, and our team will guide you through the process!

2. Solar Loans & EMI Options – Zero Upfront Cost!

Switching to solar doesn’t have to be expensive! At Luminor Solar, we offer easy financing options, so you can install solar with ZERO upfront cost and pay in affordable EMIs.

Financing Options Available:

• Solar Loans – Partnered with top banks for low-interest solar loans.
• No-Cost EMI Plans – Convert your solar investment into small monthly payments.
• Pay-as-You-Go Model – Businesses can lease solar systems with no upfront cost.

Who Can Apply for Solar Financing?

• Homeowners
• Business Owners (SMEs, Factories, Offices, Hotels, etc.)
• Farmers & Agricultural Enterprises

Want to install solar with easy EMIs? Get in touch with us for a quick financing approval!

3. Net Metering – Earn from Your Solar System!

With Net Metering, you can sell excess solar power back to the electricity grid and receive credits on your bill. This means:

• Use solar power for free during the day.
• Send extra power to the grid and earn credits.
• Lower your electricity bill by up to 90%.

Example: If your solar system generates more electricity than your home consumes, your electricity provider will buy the extra power from you, reducing your bill even further!

Want to enable Net Metering? We’ll handle all the approvals and paperwork for you!

4. Tax Benefits for Businesses – Save Big on Solar

Businesses and industries can benefit from tax incentives when investing in solar energy.

Key Tax Benefits for Commercial Solar Users

• Accelerated Depreciation (40%) – Businesses can claim 40% depreciation in the first year, reducing taxable income.
• GST Benefits – Solar systems attract a lower 5% GST compared to other energy equipment.
• Power Cost Savings – Solar cuts long-term electricity expenses, improving profitability.

Looking for cost-effective solar solutions for your business? Talk to our experts today!

5. Agricultural Solar Schemes – Empowering Farmers with Solar Power

The government is promoting solar energy for agriculture through schemes like PM-KUSUM (Kisan Urja Suraksha Evam Utthaan Mahabhiyan), which provides subsidies for solar water pumps, solar grids, and farm power solutions.

Benefits of Solar for Farmers:

• Up to 60% Subsidy on solar-powered irrigation pumps.
• No more diesel costs – run your farm on free solar energy.
• Sell extra solar power to the grid and earn additional income.

Want to install solar pumps for your farm? Let us help you with the subsidy process!