Accelerated depreciation tax benefit

Source: International Energy Agency
Last updated: 12 May 2021
The accelerated depreciation tax benefit for renewable energy plant developers was re-established on 30th of March 2014 after a two year long gap. The accelerated depreciation benefit was fixed on 80% level until 31st of March 2017. As of 1st of April 2017 the accelerated depreciation tax was lowered to 40% under the Union Budget 2016-2017. Renewable technologies eligible to benefit from the benefit:Flat plate solar collectors;Concentrating and pipe type solar collectors;Solar power generating systems;Wind mills and any specially designed devices which run on wind mills;Biogas plant and biogasengines;Electrically operated vehicles including battery powered or fuel-cell powered vehicles;Agricultural and municipal waste conversion devices producing energy;

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