What is “MNRE Benchmark Cost”?

“MNRE PV benchmark cost” is a reference costs used by Ministry of New and Renewable Energy, Govt of India for calculation of subsidies applicable for rooftop solar systems. The value provided by the Ministry can be both, higher or lower than actual/average cost of the rooftop solar system. The benchmark costs only sets up the maximum cap for subsidy. If the investment cost is lower or equal benchmark cost the subsidy is calculated using the formula (1) Subsidy = % subsidy * investment cost, if (investment cost<= benchmark cost) If the investment cost is higher than  benchmark cost the subsidy is calculated as follows   (2) Subsidy = % subsidy * benchmark cost, if (investment cost> benchmark cost)   Example 1:  If MNRE subsidy is up to 30% of the benchmark cost. Let us assume that the benchmark cost is 45 Rs./Wp of installed capacity. So maximum value of the subsidy can be calculated from the formula: Subsidy = 30% * 45 Rs. = 13.5 Rs./ Wp In other words even if the real cost is 100 Rs., investor would enjoy 13.5 Rs./ Wp of subsidy. For investments which are less expensive or equal to benchmark cost, the 30% subsidy will be disbursed, for costlier investments the subsidy will be relatively smaller.   Example 2: If subsidy is 30%, benchmark cost 45 Rs./ Wp, Actual cost 40 Rs./Wp Subsidy share = (30% * 40 Rs./Wp) = 12 Rs./Wp   Example 3: If subsidy is 30%, benchmark cost 45 Rs./ Wp, Actual cost […]

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Consumer Interest Form

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like). Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and […]

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