It’s no secret the importance of advancing renewable energy technologies and how it positively impacts our planet. And with governments around the world looking for ways to reduce their emissions, financial incentives in the form of solar subsidies have been made available to encourage people to switch from traditional power sources such as coal and gas. This blog post will provide an overview of what solar subsidies are, who can access them, and why they are vitally important in transitioning toward a greener future.
Goa Energy department has already moved several enabling policy and regulatory frameworks to promote rooftop solar installations
Goa State Solar Policy - 2017* and Scheme for Promotion of RTS with Net Metering System -2020**
Key features of Goa State Solar Policy-2017:
Operative Period – 7 Years
Promotes Additional Subsidy (up to 50%) for Residential and Non-Profit Making Organizations and (up to 20%) for Industrial and Commercial establishments up to 90 kWp
Dedicated Timeframe for Implementation of Solar Projects.
JERC’s Solar PV Grid Interactive System based on Net Metering) Regulations. 2019
Consumers are allowed to install the RTS systems up to a Capacity of 500 KW (Under Net and Gross Metering Mechanism) and between 5 to 500 kW (under .Virtual and Group Net Metering Mechanism) at one premise.
Billing, Energy Accounting, and Settlement:
Carry Forwarded and unadjusted net credited units (at the end of FV) of electricity shall be paid by GED at APPC or FiT (whichever will be lower).
Group Net Metering –
Surplus injection units shall be adjusted as per the consumer priority list. However. Net Credited units will be paid by GED at APPC or FiT (whichever will be lower).
Virtual Net Metering –
Generated energy will be credited to the electricity bill of each participating consumer(s) as per the ratio of procurement from the Solar Project indicated under the agreement. However, Net Credited units will be paid by GED at APPC or FiT (whichever will be lower).
Joint Electricity Regulatory Commission for the State of Goa and Union Territories (Solar PV Grid Interactive System based on Net Metering) Regulations, 2019*
Tariffs and subsidies available in the state to encourage Roof Top Solar
# (as percentage of benchmark cost or cost discovered through competitive process whichever is lower)