Tax Incentives, Subsidies and Incentives under JNNSM Various tax exemptions, capital subsidies and incentives are available for several components and sub-components of solar energy value chain. JNNSM promotes the assembly of solar modules after import of cells which is free from import taxes. Some steps to avails subsidy can be summarized as shown:
Thereafter to be shared on equal basis Taxes and Duties Tariff determined should be exclusive of taxes and duties levied by government provided allowed as pass through on actual basis Accelerated Depreciation The main incentive for wind power projects in the past, was accelerated depreciation.
Investors are given tax benefits upto 10 years. Wind Power producers receiving accelerated depreciation benefits must register with and provide generation data to IREDA and are not eligible to receive more recent Generation Based incentives.
Indirect Tax Benefits This includes concessions on excise duty and reduction in customs duty for wind power equipment. Wind powered electricity generators and water pumping wind mills, aero-generators and battery chargers are except from excise duties.
The scheme will deploy a total of INR 3. As of December58 projects had been registered under this scheme with over More details are available here.
The impact of the RPOs on wind development may depend on the penalties and enforcement of the targets as well as an effective REC market to promote development of areas of the country with the most abundant wind resources.
More details are available under state initiatives and policies towards Wind Power development.January Issue No. Inside this month’s issue . OUR STORY OF THE MONTH: Pinnacle of Bull-Headed Stupidity: Plopping a 5,Cow CAFO on Low-Lying Acres.
Tax Incentives, Subsidies and Incentives under JNNSM.
Various tax exemptions, capital subsidies and incentives are available for several components and sub-components of solar energy value chain. For small power producers such as those operating mini-grids, a new generation of generator enclosures is increasing choice and reducing or eliminating some of the challenges with diesel.
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