Delhi Chief Minister Arvind Kejriwal announced the launch of the new Solar Policy 2024 on Monday, with a promise that those installing solar panels on their rooftops would receive zero electricity bills, regardless of their consumption. The policy, approved by the Cabinet, is expected to be officially notified within the next 10 days, according to Delhi Power Minister Atishi Singh.
The timing of this announcement, just ahead of the upcoming Lok Sabha Election, adds a political dimension to the initiative. During the announcement, Kejriwal emphasised the benefits, stating that individuals with rooftop solar panels could not only eliminate their electricity bills but also potentially earn an additional income of Rs 700–900 per month. Additionally, commercial and industrial consumers were promised a halving of their electricity bills.
The Chief Minister highlighted a mandatory requirement for government buildings with an area of 500 square meters to have solar panels installed within the next three years under the new Solar Policy. Kejriwal reflected on the success of the previous 2016 solar policy, claiming it to be one of the most progressive in the country, resulting in the development of 250 megawatts of solar capacity from rooftop installations.
With a goal of achieving 4500 MW of solar power in Delhi by 2027, Kejriwal asserted that investors in solar panels could recover their investment in four years, after which they would enjoy 25 years of free electricity. The Chief Minister also mentioned the current low inflation rate in Delhi, less than three percent, which is expected to further decrease with the implementation of the new solar policy.
In terms of incentives, the Delhi government plans to provide three rupees per unit for up to three KVs, coupled with a capital subsidy of Rs. 2000 per KV. Overall, the Solar Policy 2024 aims to boost solar energy adoption, reduce electricity costs, and contribute to the sustainable development of Delhi’s energy landscape.