ACs to get cheaper as govt launches new project

A 1.5 tonne, 5-star rated split AC that now costs Rs 40,000 could cost less than Rs 30,000 by 2018

Want to buy an air conditioner (AC) that does not come with a three-digit electricity bill, but can’t afford one? You may have to wait for just a few more months, as prices of highly energy-efficient ACs are expected to come down significantly very soon.

The union government is finally launching a scheme that can radically bring down prices of energy-efficient ACs. The power ministry has been contemplating such a project for quite some time now (Business Standard first reported about it in 2015). 

Also Read: Energy-efficient ACs, fans to get cheaper soon

The ministry has now decided