Government Subsidy For Solar Panels In Tamilnadu

The tamil nadu government has taken several steps in ensuring that the state takes strong measures in promoting renewable energy and its adoption.

Government subsidy for solar panels in tamilnadu.

Buy solar and get 30 to 90 subsidy on solar. 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. Subsidy on solar panels solar power plant systems solar pumps. The tamil nadu government has taken several steps to promote renewable energy and its adoption.

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. 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. Households and small businesses across australia that install a small scale renewable energy system solar wind or hydro or eligible hot water system may be able to receive a benefit under the small scale renewable energy scheme sres to help with the purchase cost. Solar energy generators in tamil nadu will be levied 50 of the cross subsidy surcharge for third party open access consumers see p.

In 2013 the government issued an order offering a capital subsidy of rs 20 000 for each 1 kw solar rooftop system installed. 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. Solar roi ad tax procedure to get subsidy. Other incentives for solar accelerated depreciation.

Thanks to this enabling environment it comes as little surprise that the world s largest solar power plant is located in tamil nadu. The subsidy can be availed only by domestic consumers with a tangedco service connection under tariff la 1a. 20 000 per kwp 2. The government today issued an order making.

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