The Union government is providing a 40% subsidy to residential consumers and 20% subsidy to group housing societies and residential welfare associations to install rooftop solar systems, a statement issued byMaharashtrastate electricity distribution company ltd (MSEDCL) said.The installation of a rooftop solar system will lead to huge savings in monthly household electricity bills, while the remaining electricity will also be purchased by MSEDCL at the end of each financial year through net metering arrangement.

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A target of 25MW has been sanctioned for MSEDCL underMinistry of New and (MNRE) Phase-II scheme. Under this scheme, central financial assistance will be provided by the Centre for installation of rooftop Solar System of at least 1KW capacity to residential category consumers 40% subsidy for 1-3KW and 20% for 3-10KW. Consumers of group housing Society and residential welfare association will also get a 20% subsidy for common facilities up to 500KW, with a limit of 10KW per house.