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The Government of India had an initial target of 20 GW capacity for 2022, which was achieved four years ahead of schedule. [10] In 2015 the target was raised to 100 GW of solar capacity (including 40 GW from rooftop solar) by 2022, targeting an investment of US$ 100 billion.
[16] In fact, in eight states the group studied, the total government incentives for installing a rooftop solar PV system actually exceeded the cost of doing so. [17] In 2019, the national average cost in the United States, after tax credits, for a 6 kW residential system was $2.99/W, with a typical range of $2.58 to $3.38. [18]
The company is responsible for implementation of a number of government schemes, [5] major ones being the VGF schemes for large-scale grid-connected projects under NSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, solar canals, and Indo-Pak border scheme.
Installations have also risen since the government launched a national rooftop solar portal in 2022 that consumers can use to claim and steer government subsidies directly to their bank account ...
The Government revised the target from 20 GW to 100 GW on 1 July 2015. To reach 100 GW by 2022, the yearly targets from 2015 to 2016 onwards were also revised upwards. [ 10 ] India had an installed solar capacity of 161 MW on 31 March 2010, about 2 and half months after the mission was launched on 11 January.
Solar Power Plant Telangana II in state of Telangana, India. India renewable electricity production by source. India is the world's 3rd largest consumer of electricity and the world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 (160 GW of 400 GW) coming from renewable sources.
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