Solar power generation 1 MW subsidy

4 FAQs about [Solar power generation 1 MW subsidy]

Is there a government subsidy for a 1 MW solar power plant?

There is no direct government subsidy for setting up a 1 MW solar power plant. But the Indian government does provide other benefits such as 40% accelerated depreciation on their solar asset in a year, to commercial and industrial consumers. This allows individuals to depreciate their solar power plant at a higher rate and claim tax benefits.

Is a 1 MW solar power plant a good investment?

For small to medium-sized businesses, installing a 1 MW solar power plant has become popular, as it typically generates enough power to cover their energy needs. With the 1 MW solar power plant in India becoming more affordable, many companies now see it as a smart long-term investment.

How much does a 1 MW solar power plant cost in India?

Ans. The project cost for 1 MW solar power plant in India ~ Rs. 3-4 crore, with solar panels and solar inverter, together, being the most expensive components. *Please note: The above-mentioned project cost for 1 MW solar power plant in India is not fixed.

Is there a government subsidy for solar power plants in India?

Thus, it is difficult to approximate the exact generation of a solar power plant. There is no direct government subsidy for setting up a 1 MW solar power plant. But the Indian government does provide other benefits such as 40% accelerated depreciation on their solar asset in a year, to commercial and industrial consumers.

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