Interim budget 2024: Solar energy plays a crucial role in India's aspirations to generate 500 GW of renewable energy by 2030. It is a vital component in the country's efforts to reduce dependence on fossil fuels and combat climate change. Among the many energy alternatives being adopted in the country, rooftop solar energy has been a big draw, with the Centre recently announcing the Pradhan Mantri Suryodaya Yojana. The scheme intends to supply power to households through solar rooftop installations while also providing extra money for excess electricity output. Announced in January, the scheme aims to install rooftop solar power in one crore households.
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