The ministry of new and renewable energy has released operational guidelines for the implementation of the payment security mechanism and central financial assistance to residential consumers through renewable energy services company (RESCO) model and utility-led aggregation (ULA) model under the newly launched rooftop solar scheme – PM Surya Ghar Muft Bijli Yojana.
The implementation period of the scheme shall be till March 31, 2027, said the ministry.
As per the guidelines, to avail CFA, the residential rooftop solar plant would be the grid connected solar power system tagged to a particular residential power connection of the local DISCOM and will only include installations on a roof, terrace, balcony or on top of elevated structures.
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Special rooftop solar installations such as Building Integrated PV (BiPV) systems shall also be considered eligible for CFA support. Additionally, installations under metering mechanisms such as group net metering and virtual net metering shall be eligible for CFA if the metering arrangement is approved by the DISCOM.
Central Financial Assistance for utility-led aggregation (ULA) proposals shall be released against those households for which the capacity installed is up to 3 KW, the guidelines said.
“The objective of the scheme component is to establish the implementation mechanism for supporting installations through RESCO and ULA models for rooftop solar for eligible consumer categories and to enable DISCOMs and state governments to support rooftop solar development under RESCO and ULA models of deployment,” it said.
Under the RESCO mode, the system is procured, installed, and maintained by a Renewable Energy Service Company for a period not less than 5 years which is also the project period. The consumer does not fund the initial investment into the rooftop solar system and is not the owner of the asset.
The consumer only pays for the electricity consumed from the rooftop solar system on a tariff basis to the RESCO operator. The plant ownership may be transferred to the consumer after the project period as per the terms and conditions agreed to between the consumer and the RESCO entity.
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