While direct government subsidies focus on residential solar, commercial projects benefit from financial incentives like Accelerated Depreciation (40% in the first year), reducing tax liability. Solar equipment is taxed at a lower 5% GST, and net metering allows businesses to sell excess power back to the grid. Additionally, many states offer specific rebates for commercial solar, and banks provide low-interest loans to support solar adoption.
Tax Benefits
Low GST Rate
State Incentives
Loan Availability