Tax Benefit

Tax Benefit from Solar rooftop installation:

  • Wind energy, solar energy and other renewable energy projects. The incentives for wind energy include 80 per cent accelerated depreciation on equipments in the first year,
  • 100 per cent Tax Holiday on the earnings for 10 years, over a 15 year period to be taken consecutively (Section 80IA of Income Tax Act),
  • Soft loan for setting up renewable energy enterprises, concessional customs duty on select equipment imported and excise duty exemption.