Subsidy For Solar Panels In Karnataka

Buy solar and get 30 to 90 subsidy on solar.

Subsidy for solar panels in karnataka.

Avail bank loan as a part of home loan home improvement loan. E loa list of 500mw solar power project at pavagada solar park of remaining 650mw tender. The campaign is part of soura gruha yojane phase 2 or grid connected solar rooftop project. State nodal agencies snas along with central government offers subsidy schemes to citizen for installing rooftop pv solar systems to encourage people to exploit renewable energy and to cut their electricity bill.

Instead the subsidy of 30 will be subtracted from the price quote of the contractor. D loa list of 550 mw solar power project at pavagada solar power park of 1200 mw tender. Karnataka has a very strong focus towards solar and in 2016 revised its target to achieve 6000mw of grid connected solar power by the year 2021. C loa list of 640mw talukwar solar power projects of 860mw tender.

The government of karnataka gok has notified the karnataka solar policy 20142021 on 22 nd may 2014 which envisages achieving of a minimum of 400 mw of grid connected solar rooftop plants and 1600 mw of grid connected utility scale solar projects in the state by 2018. Other incentives for solar accelerated depreciation. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. Though the upfront cost of installation of a rooftop pv system is high it is inexpensive in the long run when compared to electric generators.

The state solar energy potentials is more than 24 700mw and therefore it will play a key role if india has to reach the target of 100gw by the year 2022. It has launched a campaign offering 20 40 of the project cost as subsidy to individual houses group housing communities and resident welfare associations to install solar rooftop photovoltaic srtpv units. The contractor gets the subsidy from the mnre ministry of new and renewable energy. Solar roi ad tax procedure to get subsidy.

Subsidy on solar panels solar power plant systems solar pumps. 30 government subsidy for non commercial and non industrial categories for using domestic solar panels. Hope this answer helps.