HFM Solar: Leading the Way in Solar Panel Solutions for Lucknow
Since goods and services tax came into place in India, everything is under tax brackets, but there are various tax exemptions that can provide a relief for the people. Following the exemptions, the Government of India is encouraging the adoption of solar energy systems. The incentives and exemptions are making way for solar tax benefits which is making energy shifts accelerate, through this the country’s transition to renewable energy sources is pretty evident. This blog is about the tax benefits and the other benefits which can provide an overview on incorporation of solar power, let's check them out. Tax Benefits on Solar Energy Systems Accelerated Depreciation By following the income tax act, businesses who consider including solar panels in their facility can avail accelerated depreciation benefits. Along with this, it can also allow them to depreciate a part of their asset value in the initial years of the solar power incorporation. Through this, th...