(a) whether any scheme has been proposed to provide relief on Income Tax for installation of grid connected solar roof top plants at home;
(b) if so, the details thereof; and
(c) the status of implementation of said proposal?
(a) whether any scheme has been proposed to provide relief on Income Tax for installation of grid connected solar roof top plants at home;
(b) if so, the details thereof; and
(c) the status of implementation of said proposal?
THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)
(a),(b)&(c): Yes, Madam. Department of Financial Services, Ministry of Finance has advised all Public Sector Banks to provide loans for grid connected rooftop solar systems as home loan/ home improvement loan on which relief on income tax is applicable as per rules. Further, the accelerated depreciation and 10 years tax holiday are also applicable for installation of such plants which provide relief on income tax.
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