Depreciation On Solar Panels In India

K solar photovoltaic modules and panels for water pumping and other applications.

Depreciation on solar panels in india. Solar power is being promoted in corporates and private sector by govt of india through tax relief by allowing them to avail higher rate of depreciation more often termed as accelerated depreciation ad benefit under section 32 of income tax act. The accelerated depreciation benefit allows the commercial and industrial users of solar power in india to depreciate their investment in a solar power plant at a much higher rate than general fixed assets. Solar panel subsidy in west bengal west bengal is a pioneer in solar technology in india. The normal depreciation rate for any general plant and machinery is 15.

40 l windmills and any specially designed devices which run on wind mills installed on or before march 31 2012 m any special devices including electric generators and pumps running on wind energy installed on or before march 31 2012. Scenario uptil 31 st march 2017. Government owned webel was one of the first manufacturers of solar energy panels in the country. It is mandatory for all large housing societies in west bengal having a total contract demand of more than 500 kw to install solar rooftop systems to meet a.