Daily News Wrap-Up: MNRE Hikes CFA for Residential Rooftop Solar Projects
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The Ministry of New and Renewable Energy has increased the benchmark Central Financial Assistance (CFA) for grid-connected rooftop solar power systems under Phase II of the Grid-Connected Rooftop Solar Program. The CFA for systems ranging from 1 kW to 3 kW, installed through tendering and national portal applications, is ₹18,000 ($216)/kW for general states and ₹20,000 ($240)/kW for special category states. Systems of above 3 kW and up to 10 kW capacities will receive CFA of ₹9,000 (~$108)/ kW in general states and ₹10,000 ($120)/kW in special category states. An individual household with up to a 3 kW system in a general category state is eligible for a subsidy of ₹18,000 ($216)/kW, an increase from the earlier ₹14,588 (~$175)/ kW.