Renewable Energy Businesses: Government Schemes & Grants

Are you aware of the government-backed opportunities fueling India’s green boom? India’s clean-energy landscape is expanding at record speed, creating opportunities for startups and MSMEs. Falling solar panel costs, rising EV adoption, and state-level renewable policies are driving double-digit growth. Entrepreneurs who align early with government targets for 500 GW non-fossil capacity by 2030 can capture strong market share, attract investors, and build long-term sustainability advantages in solar, wind, and EV infrastructure.

Why Are Renewable Energy Businesses Growing?

Have a look on the type of business in renewable energy industry.

• Solar – rooftop installations, utility-scale plants, solar-park development

• EV Infrastructure – battery manufacturing, charging stations, fleet electrification

• Wind Energy – onshore and offshore projects, hybrid wind-solar parks

Solar installations, EV charging networks, and modern wind farms are not only longer niche investments. But Falling equipment costs, rising corporate sustainability goals, and clear government policy have turned clean energy into one of India’s fastest-growing industries, with annual growth estimated at 15–20 %.

Key Government Schemes and Incentives

The Government of India supports renewable entrepreneurs through a mix of production incentives, direct grants, tax relief, and concessional financing.

Production-Linked Incentive (PLI) for Solar PV Modules

Run by the Ministry of New & Renewable Energy (MNRE), this program rewards manufacturers of high-efficiency solar modules with five-year performance-based incentives.

National Green Hydrogen Mission

With an outlay of ₹19,744 crore, this initiative funds electrolyser manufacturing, green-hydrogen production, and pilot projects in sectors such as steel and shipping.

Advanced Chemistry Cell (ACC) Battery PLI

The Ministry of Heavy Industries supports large-scale battery plants with incentives of up to ₹18,100 crore, crucial for EV infrastructure and energy storage.

Additional benefits include accelerated depreciation of 40 % in the first year for renewable assets, a 10-year tax holiday under Section 80-IA, and reduced GST rates (as low as 5 % for solar equipment). Institutions like IREDA and REC provide low-interest loans, further easing project financing.

How to Apply for Renewable Energy Businesses?

1. Choose the right scheme based on your business focus solar, EV infrastructure, or green hydrogen.
2. Prepare a detailed project report (DPR) with investment plans, technical specifications, and projected capacity.
3. Apply through official portals such as MNRE Gov Website or Heavy Industry Govt. website and track tenders or bidding windows.
4. Maintain compliance with all technical and financial criteria to secure timely approval.

How StartupFlora Helps Renewable Entrepreneurs?

With extensive experience in startup and MSME consultancy, StartupFlora specializes in helping renewable energy businesses unlock these opportunities.

• We evaluate eligibility, align financial models with scheme requirements, and prepare DPRs and application documents.
• Our 94 % client-satisfaction score reflects a proven record of guiding companies through government funding processes efficiently and transparently.
• From initial assessment to final approval, we act as your single point of contact with ministries and state nodal agencies.

Final Thoughts on Renewable Energy Incentives

India’s green-energy mission is not only an environmental imperative but also a powerful business opportunity. By leveraging government schemes backed by expert guidance from StartupFlora entrepreneurs in solar, EV infrastructure, or wind power can scale faster and contribute to a sustainable future.