India’s solar sector is running at an easy pace. Even though it has improved a lot over years but it still is not enough to meet country’s extensive power demands. To help India’s solar sector boost Ministry of New and Renewable Energy (MNRE) has decided to exempt all the custom and excise duty charges on materials used in solar rooftop projects. This step is supposed to bring down setup costs of solar rooftop systems.
Details on Excise/Customs duty exemptions:
Government has exempted customs and excise duties on materials used in grid connected solar rooftop projects. Govt. had this matter under consideration for some time now. Furthermore, this exemption is for all rooftop solar PV rooftop projects up to a minimum capacity of 100 KW (Kilowatt) as a single project or bundled project. MNRE order came on April 11, 2017. This move is also said to bring down generation costs. Moreover, It’s aimed to encourage more solar rooftop installations across country. Exemption of these duties surely will reduce the gap between domestic and imported solar modules.
One of the major hurdles solar industry face in India is public awareness. Government needs to put more effort in educating people about benefits and feasibility of solar power systems. It will take many steps like this to achieve India’s ambitious goal of 100 GW by 2022. 40 GW or 40 percent of this is to come from solar rooftop systems. Country’s solar rooftop capacity was 1 GW in 2016. India has planned to add 5,000 MW of rooftop systems and 10,000 MW of large scale solar projects in current fiscal.
With a strong commitment to meeting its Solar Power goals (“Nothing on Earth is going to stop us from doing that”, says India on Renewable Energy Goals), we will definitely see India rise to even greater heights on its way to achieve the 100 GW Solar Power target for 2022. Rise up and Go Solar today! Simply fill out the form below or click here or call +91-920-569-5690 and we’ll do the rest: