Government Subsidy For Solar Panels In Tamilnadu

Solar energy generators in tamil nadu will be levied 50 of the cross subsidy surcharge for third party open access consumers see p.

Government subsidy for solar panels in tamilnadu.

Buy solar and get 30 to 90 subsidy on solar. The tamil nadu government has taken several steps in ensuring that the state takes strong measures in promoting renewable energy and its adoption. The subsidy can be availed only by domestic consumers with a tangedco service connection under tariff la 1a. 20 000 per kwp 2.

In 2013 the government issued an order offering a capital subsidy of rs 20 000 for each 1 kw solar rooftop system installed. The government of tamil nadu realized the importance and need for renewable energy and set up a separate agency as registered society called the tamil nadu energy development agency teda as early as 1985 as per g o ms no 163 p. Other incentives for solar accelerated depreciation. As of january 2017 tamil nadu has the highest amount of solar power commissioned at 1590 97 mw.

Solar roi ad tax procedure to get subsidy. The government today issued an order making. Subsidy on solar panels solar power plant systems solar pumps. Ec department dated 29 11 1984 with the following specific objectives.

Spend rs 50 000 put up a rooftop solar plant save rs 9 200 a year this is the tamil nadu government s pitch to domestic electricity consumers. For individual applicants only 1 kwp plants for residential purpose will be considered for a tamilnadu government subsidy of rs. Here you can register it online http teda in programes cms solar rooftop capital incentive scheme or http teda in pdf cis individual pdf you can downloa. In additional to the solar policy in 2012 a comprehensive tariff order on solar power was announced by the tamil nadu electricity regulatory commission or tnerc.

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. 24 under section 12 2 of the comprehensive tariff order on solar power.