SRISTI- Sustainable Rooftop Implementation for Solar Transfiguration, scheme proposed by ministry
The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India — the scheme to incentivize the installation of rooftop solar projects in India.The proposed scheme aims to achieve a national solar rooftop target of 40 GW till 2021-2022. It is proposed that a Central Financial Assistance will be provided only for installation of rooftop solar plants in residential sectors. The residential users may install the plant capacity as per their requirement and the respective State Electricity Regulatory Commission regulation. But, the subsidy support will be limited up to 5 kWp capacity of the plant.
The incentive towards subsidy to the residential sector is capped at Rs 18,000 per kW calculated at benchmark cost of Rs 60,000 per kW. The incentive to discoms for social, institutional, government sectors, the commercial and industrial sector is capped at Rs 5,500 per kW calculated at benchmark cost of Rs 55,000 per kW. The total incentive for the residential sector stands at Rs 9,000 crore for 5000 MW of installations. The incentive to discoms is capped at Rs 14,450 crore for 35,000 MW of rooftop solar installations.
Fact sheet: The Minister of Power (Independent) is- R.K. Singh
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