MNRE Approves Revised CFA for Rooftop Solar Program Phase-II
The changes, effective immediately, aim to boost support for Grid Connected Rooftop Solar Photovoltaic Systems.
January 06, 2024. By Abha Rustagi
The changes, effective immediately, aim to boost support for Grid Connected Rooftop Solar Photovoltaic Systems. The revised CFA rates vary based on project capacity and categories.
For individual household projects, rates are set at INR 18,000/kW for 1-3 kW capacity in general, and INR 20,000/kW for the same capacity in Special Category States. Projects above 3-10 kW have revised rates of INR 9,000/kW (General) and INR 10,000/kW (Special Category States).
Resident Welfare Associations/Group Housing Societies (RWA/GHS) and Common Facilities up to 500 kW have a revised CFA of INR 9,000/kW (General) and INR 10,000/kW (Special Category States).
The revised CFAs will apply to all future bids and those closing after 15 days from the revised rates' issuance. The adjustments aim to streamline financial assistance based on project characteristics, ensuring equitable distribution and support for renewable energy initiatives.
Implementing Agencies are mandated to conduct a tendering process for rate discovery and vendor empanelment. Admissible CFA in tender mode will be the lower of the revised benchmark CFA or the discovered rate, ensuring compliance with scheme guidelines.
This development aims to incentivize rooftop solar projects nationwide, especially in special category states, promoting sustainable energy practices and contributing to overall green energy goals.
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