The Indian government, along with the Maharashtra Renewable Energy Development Agency (MEDA), has introduced several incentives and subsidies for solar power adoption. These benefits make solar panel installations in Mumbai more affordable, encouraging homeowners and businesses to switch to clean and renewable energy sources.
At Marlax Solar Pvt. Ltd., Mumbai, we help you take advantage of these government solar subsidies in Maharashtra to reduce installation costs and maximize savings.
Why Maharashtra is Promoting Solar Energy
The Maharashtra government aims to achieve net-zero carbon emissions by promoting the use of solar energy solutions. The Maharashtra solar policy 2024 focuses on:
✔ Increasing rooftop solar installations in Mumbai and other cities.
✔ Providing financial incentives for residential and commercial properties.
✔ Supporting industries in switching to solar-powered operations.
✔ Encouraging solar energy adoption in Maharashtra’s rural and urban areas.
With solar power incentives in Maharashtra, both individuals and businesses can make eco-friendly choices while saving on electricity bills.
Types of Solar Power Incentives in Maharashtra
1. Solar Panel Subsidy for Residential Homes in Mumbai
Homeowners installing grid-connected rooftop solar systems can avail of subsidies under the PM Surya Ghar Muft Bijli Yojana and Maharashtra rooftop solar scheme.
- Up to 40% subsidy on solar panel installation costs for systems up to 3 kW.
- 20% subsidy for solar systems between 3 kW to 10 kW.
- Zero electricity bills with net metering policy in Maharashtra.
2. Net Metering Policy for Solar Energy in Maharashtra
Under the Maharashtra net metering policy, excess electricity generated by your solar panels in Mumbai can be sold back to the power grid.
- Helps reduce monthly electricity costs.
- Allows users to earn credits for surplus energy.
- Available for residential, commercial, and industrial solar users.
3. Solar Tax Benefits for Mumbai Businesses
Businesses investing in solar power plants in Mumbai can claim:
✔ 80% depreciation under the Income Tax Act to reduce taxable income.
✔ GST reduction on solar panels and batteries.
✔ Corporate tax benefits for commercial solar energy adoption.
These incentives make solar energy adoption for Mumbai businesses a profitable and environmentally responsible choice.
4. Solar Loans and Financing Options in Maharashtra
The Maharashtra government supports solar financing through:
✔ Low-interest solar loans for residential and commercial users.
✔ Easy EMI options for solar panel installation in Mumbai.
✔ Special financial assistance for rural solar projects in Maharashtra.
With these affordable solar financing options, homeowners and businesses can install solar panels in Mumbai without a heavy upfront investment.
Steps to Apply for Solar Subsidies in Maharashtra
1️⃣ Choose a certified solar installer in Mumbai – Marlax Solar Pvt. Ltd. provides government-approved installations.
2️⃣ Register your solar panel system with MEDA.
3️⃣ Apply for the solar subsidy in Maharashtra through the official portal.
4️⃣ Get a site inspection and approval from Maharashtra State Electricity Distribution Company Ltd (MSEDCL).
5️⃣ Install the solar system and start saving on electricity bills.
With Marlax Solar Pvt. Ltd., we handle the entire process to ensure a hassle-free solar panel installation experience in Mumbai.
Why Choose Marlax Solar Pvt. Ltd. for Solar Installation in Mumbai?
✔ Government-approved solar vendor in Maharashtra.
✔ Customized solar energy solutions for homes and businesses.
✔ Affordable pricing and assistance with Maharashtra solar subsidies.
✔ Post-installation support and maintenance.
Conclusion
With government solar incentives in Maharashtra, switching to solar power in Mumbai is easier and more cost-effective than ever. Marlax Solar Pvt. Ltd. helps homeowners and businesses take full advantage of solar subsidies, net metering, and tax benefits to maximize their savings.
Are you looking for subsidized solar panel installation in Mumbai? Contact Marlax Solar Pvt. Ltd. today and make the switch to clean, affordable solar energy!