"The ministry has proposed to reduce the subsidy on rooftop solar power plants to 15 per cent from the present level of 30 per cent due to decline in the price of solar panels and limited availability of funds among other things," Power Minister Piyush Goyal said in a written reply in the Rajya Sabha.
Goyal, who also holds charge of Coal and New and Renewable Energy ministries said, the government has set a large target for rooftop solar power plants in the country.
Finance Minister Arun Jaitley, in his Budget speech announced a massive renewable power production target of 1,75,000 mw in the next seven years.
Of the total 1,75,000 mw proposed to be tapped by 2022, solar power will have a lion's share of 1,00,000 mw followed by 60,000 mw from wind energy, 10,000 mw biomass energy and 5,000 mw of small hydro projects.
As for the status of clean energy projects in the country, the solar power generation capacity is at about 2,700 MW; Wind - 21,000 MW; Small Hydro - 3,800 MW and biomass - 4,100 MW.