Solar panels installation has almost become a trend followed by numerous business owners. They prefer deriving electricity using solar panels and have started commercialising clean green solar energy. People are adopting it at a very fast pace. According to a survey, our country will become the powerhouse of renewable energy and a leader in solar energy generation within the next few years. If you also plan to adopt a renewable energy source and reduce your energy bills, this is the right time to get in touch with one of India’s top solar EPC companies. Look for one working at their optimum capacity so you can yield the desired results.
1. Tax Benefits
You can enjoy numerous direct and indirect tax benefits through solar panel installation. Few common benefits are excise duty exemptions, anti-dumping duty inclusions and custom duty exceptions. Most project developers don’t have to pay income tax from their project earnings within the first ten years of its inception and operation. Producers can expect to claim a major portion of the costs within the first two years.
2. Capital Subsidies
The government promotes capital subsidies to encourage the installation of residential solar rooftops in both urban and rural sectors. Some schemes are specially designed to ease solar panel installations at urban locations. Most residential installations are used in urban areas. There are also few schemes targeting solar rooftops installations in rural areas where they provide free electricity connection to all households. Whether you plan to install solar panels in the rural or urban sector, get in touch with a top solar company.
3. Net-Metering Incentives
Most business owners installing solar panels in their commercial properties prefer using the electricity generated for self-consumption. They rely on the net-metering approach. The system is beneficial for dual electricity flow. DISCOMs supply the electricity bill they get after installing the solar panels. Consumers also have the flexibility to store net units in the grid infrastructure for later use. Banking charges help in bringing a sustainable change in the Eco-system.
Since installing solar panels on your property has so many benefits, it’s time you get in touch with the experienced installers at KSL Cleantech Limited.