Subsidies and fiscal benefits offered by the Government of India are:
Income tax benefits
Accelerated depreciation for plant and machinery
Customs duty and duty free import concessions
Capital and interest subsidy
Other incentives for preparation of feasibility reports and detailed project reports (DPR)
Preferential tariffs are being worked out at the state government level, most incentives are focused on installed capacity as capital costs are typically high
R&D subsidy to the tune of 100% of project cost in government R&D institutions and 50% in the case of private institutions
Specific incentive scheme for solar power launched in 2008 expected to cost
the government Rs 90 crore and bring in private investment to the tune of
Rs 1000 crore:
Generation based incentive of Rs 12 per kilowatt from solar photovoltaic cells
Generation based incentive of Rs 10 per kilowatt for power generated through solar thermal power plants
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