Industrial Solar Rooftop

 

Industrial Solar
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I must explain to you how all this mistaken

Accelerated depreciation is an accounting method of depreciation per the Income Tax Act of 1961 under which greater deductions can be taken in the earlier years of the life of certain types of assets than in the later years. In order to promote solar, AD has been allowed for solar PV. For a normal asset yearly depreciation of 15% is allowed on plant and machinery. However for solar PV systems, 80% of the system cost can be depreciated in the first year itself. This can provide significant savings to tax paying Companies that own solar PV systems.

 

 

 

Solar Myth : Solar is still so expensive that it will never be able to pay for itself.

FactPerhaps one of the most unfortunate solar myths is that it’s only for rich people and/or environmentalists, when in reality many homeowners choose to go solar simply because it eliminates their big monthly electricity bill. In fact, solar is a very wise choice for people who could actually use the extra couple hundred bucks a month that they’re currently paying in power bills. Modern financing options have all but eliminated the barrier to entry for solar (big upfront costs), so many households are now able to go solar for little to no money down. Solar is one of the very few household purchases that will actually pay for itself. Studies show that on average, solar panels return two to four times their cost in saved electricity bills and typically pay for themselves completely within 7 to 15 years. If you live in a state with good incentives, the payback period can be as short as 2 to 4 years.