What is the objective of the PM rooftop solar scheme
The Centre is likely to bear the ₹1 lakh-crore bill of the PM rooftop solar scheme.
The objective of the PM rooftop solar scheme is to encourage the widespread adoption of solar power among households and businesses in India. Here are some key points about the scheme:
- Financial Support: The scheme aims to provide financial assistance to individuals, institutional bodies, and residential societies for the installation of rooftop solar panels.
- Reduced Carbon Footprint: By promoting the use of solar energy, the scheme aims to reduce reliance on traditional sources of electricity and decrease carbon emissions, thereby contributing to a cleaner and greener environment.
- Energy Security: The scheme aims to enhance energy security by encouraging decentralized power generation through solar panels, which reduces the burden on traditional power grids.
- Job Creation: The initiative is expected to create employment opportunities in the solar energy sector, both in the manufacturing and installation of solar panels.
- Economic Benefits: Through the scheme, individuals and businesses can reduce their electricity bills by generating their own solar power, thereby leading to savings in the long run.
- Scaling Up: The central government's decision to bear the costs of the scheme, anticipated to be around ₹1 lakh crore, is aimed at promoting the widespread adoption of rooftop solar systems across the country.
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