The Union Ministry of New and Renewable Energy has released the Scheme Guidelines for the implementation of the ‘Payment Security Mechanism’ and ‘Central Financial Assistance’ components for the RESCO Models and Utility-Led Aggregation Models under the PM-Surya Ghar: Muft Bijli Yojana.
The scheme presents two alternative models for installing rooftop solar plants for consumers. The first is the RESCO (Renewable Energy Service Company) model, where third-party entities invest in the rooftop solar installations, allowing consumers to pay only for the electricity they use, without having to bear the upfront costs. The second is the Utility-Led Aggregation (ULA) model, where DISCOMs or state-designated entities will install rooftop solar projects on behalf of individual residential households.
As part of this scheme, a ₹100 crore corpus fund has been allocated for the Payment Security Mechanism (PSM), which aims to mitigate risks for investments in RESCO-based grid-connected rooftop solar models for the residential sector. This fund may be further supplemented with additional grants, funds, or other sources, subject to the Ministry’s approval.
The Ministry has clarified that these new guidelines are in addition to the existing implementation mode, where consumers can install solar systems through the national portal (https://www.pmsuryaghar.gov.in/). These alternative models are designed to complement, not replace, the portal-based implementation of the scheme.
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