Solar panels installation is the technology trend of the decade. The electricity derived from clean green solar energy is being commercialized. In the present times, people are adopting renewable power at a rapid rate. India is also emerging as the powerhouse of renewable energy. India is making an effort to adopt a renewable source of energy. It is targeted that by the end of the year 2022 government has to achieve 175 GW of installed capacity of renewable energy. Of the target 100 GW is to be generated from solar panel installations.
The best solar panels Installation Company in Mumbai is expected to work at their optimum capacity and yield desired results. To date, 23 GW of the target has been achieved and another 40 GW is in the under stages of the installation is under process. India is becoming the leader in the generation of solar energy.
Do you know that the mega-size of solar panel installation can generate up to 87% of the energy? This is the reason why the adoption rate of solar rooftop panels is accelerating like never before. During the years 2013 to 2016, the installed capacity of the solar rooftops increased from 117MW to 1250 MW. Therefore the Solar EPC companies need more encouragement in India.
The Ministry of New and Renewable Energy through the National Solar Mission of India has the target of 40 GW power through rooftop solar by 2022. It is an ambitious project but definitely achievable. The government to achieve the dream is offering various tax-saving and other offers.
Tax benefits of solar panel installations are as follows: