Even though MNRE could not disburse all the subsidy in the last financial year, it is reported that the subsidy shall continue for 2014-15. The 30% up front subsidy shall be given via MNRE’s ‘channel partners’ and state nodal agencies. Two major changes have been made in the subsidy scheme. The channel partners can now independently approve or reject rooftop projects up to 50kW. Secondly, the maximum size of plants eligible for subsidy has been increased from 100 kW to 500 kW, the minimum capacity still stands at 1 kW.
Of late MNRE has been in the news for not releasing the previous subsidies which has landed the project developers in soup. Bridge to India infact went on to say that, “No subsidy is better than bad subsidy”. We can only agree.