Government Subsidies For Solar Panels In Domestic Homes

Government subsidy scheme for rooftop solar systems both the central government as well as state nodal agencies snas offer subsidy schemes to the people for installing rooftop pv systems.

Government subsidies for solar panels in domestic homes. The federal government provides a solar tax credit known as the investment tax credit itc that allow homeowners and businesses to deduct a portion of their solar costs from their taxes. All residential home owners are eligible to get govt. Who can get the subsidy on solar. All the registered societies multi store apartments cooperative group housing societies are eligible for subsidy on solar system.

Yet the supplier itself should be the one included in the approved list of manufacturer or supplier of solar pv system by the ministry of new and renewable energy mnre. Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates. This encourages people to exploit renewable energy and to cut their electricity bill. Following consumers are able to get the govt.

All schools colleges institutes are eligible for subsidy.