MP Solar Handbook 2025
Official Cheatsheet & Subsidy Guide
1. PM Surya Ghar Subsidy (₹78,000)
Direct Bank Transfer (DBT) subsidy for residential rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana.
| System Capacity | Total Subsidy Amount |
|---|---|
| 1 kW System (Small Homes) | ₹30,000 |
| 2 kW System (Medium Homes) | ₹60,000 |
| 3 kW+ System (Large Homes/Villas) | ₹78,000 (Max Cap) |
2. Top Bank Loan Offers (2025)
Residential solar loans up to 10 years tenure with Zero Collateral.
| Bank Name | Interest Rate | Max Loan | Processing Fee |
|---|---|---|---|
| State Bank of India (SBI) | 7.00% Fixed | ₹6 Lakhs | Nil |
| Canara Bank | 6.50% - 9.50% | ₹10 Lakhs | Nil |
| Union Bank | 7.00% - 8.50% | ₹10 Lakhs | Nil |
3. MP Net Metering Rules
- Cap: Up to 500kW allowed
- Sanctioned Load: Solar capacity normally capped at your Sanctioned Load.
- Billing: Monthly Imports vs Exports. You pay only for 'Net' consumption.
- Settlement: Unused credits settled annually (March 31) at APPC rate (~₹2.14/unit).
4. Documents Required
- Latest Electricity Bill (Last 3 months)
- Aadhar Card & PAN Card
- Property Tax Receipt / Registry Copy
- Photo of Roof & Meter Location
- Mobile Number linked to Bank A/c
5. Your Next Steps
1
Site Survey: Book a free engineering visit to check roof
structure & shadow analysis.
2
Registration: We register you on the National Portal for
Subsidy & Net Metering.
3
Install: Installation completed within 48 hours of approval.
Meter replacement in 7-10 days.
4
Subsidy: Receive ₹78,000 directly in your account ~30 days
after commissioning.
6. Official Sources & Verification
- 1. PM Surya Ghar Portal: https://pmsuryaghar.gov.in (Subsidy Rates & Registration)
-
2. Bank Interest Rates: Verified from official bank circulars as of Dec 2025.
• SBI: sbi.co.in • Canara: canarabank.com - 3. Net Metering Rules: Based on MPERC (Madhya Pradesh Electricity Regulatory Commission) Regulation RG-39 (2024).