Nodal AgencyPEDA
Eligible consumerAll Eligible Consumers of electricity in the area of supply of the distribution licensee having or proposing to install a roof top solar energy system may opt for grid connectivity subject to the net metering arrangement pursuant to these Regulations.
Mode of ProjectCAPEX/RESCO
Min /Max1Kwp/1MWp
Loadis = <80 % of the sanctioned load.
Types of MeteringNet Metering
Mandatory InstlattionNot mandatory
Energy SettlementThe electricity generated from a rooftop system should not exceed 90% of the electricity consumption by the consumer.In the event energy generated exceed 90 % of the electricity consumption at the end of the settlement period,no payment shall be made by PSPCL and shall not be carried forward to next settlement period
Billing MechanismAnnual(1 September to 31 October)
Central Subsidy Central Financial Assistance (CFA)/ Subsidy for Grid Connected Rooftop Solar Plants under Net Metering will be provided by Punjab State Power Corporation Limited (PSPCL) from capacity 1 to 10 Kw as per MNRE, GOI new notification.Resident may install plant of higher capacity than 10 KW but the subsidy will be limited upto 10 KW per house.Residential sector (maximum up to 3 kW capacity ):40 % of benchmark cost (above 3 kW capacity and up to 10 kW capacity)*:40 % up to 3 KW Plus 20% for RTS system above 3 kW and up to 10 kW.20 % subisy is available for Group Housing Societies/Residential Welfare Associations (GHS/RWA) etc.
Financial Incentives for Industrial and commercial.40 % Accelerated Depreciation .
State SubsidyNA
Benchmark cost from State1-10 kwp: 37000;
10-100kwp: 38000;
100-500kwp: 35500