New Delhi, Aug. 4 -- The Delhi government is set to introduce a new solar policy aimed at significantly reducing the upfront cost of rooftop solar installations for households by advancing financial incentives, officials said on Monday.

The draft policy, which is in its final stages, is likely to be placed before the cabinet after the conclusion of the monsoon session. It seeks to complement the Centre's PM Surya Ghar: Muft Bijli Yojana by offering additional financial support to boost the adoption of rooftop solar systems in the capital.

Officials said the revised policy is expected to bring down the upfront contribution for a standard 3 kW residential rooftop solar system to around Rs.15,000.

One of the key proposals under considerat...