Tax Rebate 2024 Solar Panels India. Solar developers in india fear that a tax meant to encourage indian manufacture of solar components will slow down the installation of solar power this year. India's pm surya ghar muft bijli yojana scheme offers a subsidy of inr 30,000 ($361)/kw for residential rooftop solar systems up to 2 kw in size, and inr 18,000/kw for systems up to 3 kw.
A tax incentive, such as a rebate or deduction for domestic users, would boost residential solar adoption. Given the recent trend in the renewable energy sector, many new solar projects may not necessarily be able to generate power by march 2024.