Lok Sabha Question No. 4112 (UNSTARRED), answered on 2015-08-13
Subject: Solar Roof Top Plants
Ministry: NEW AND RENEWABLE ENERGY
Asked by: LAXMI NARAYAN YADAV

## LOK SABHA UNSTARRED QUESTION No. 4112 TO BE ANSWERED ON 13.08.2015

## Solar Roof Top Plants

|             | SHRI LAXMI NARAYAN YADAV: Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:                                                                                                                          |             | SHRI PIYUSH GOYAL MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE)                                                                                                                                                                                                                                                                                                                 |
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|             | QUESTION                                                                                                                                                                                                              |             | ANSWER                                                                                                                                                                                                                                                                                                                                                                                                              |
| (a) (b) (c) | whether any scheme has been proposed to provide relief on Income Tax for installation of grid connected solar roof top plants at home; if, so the details thereof; and the status of implementation of said proposal? | (a),(b)&(c) | Yes Madam. Department of Financial Services, Ministry of Finance has advised all Public Sector Banks to provide loans for grid connected rooftop solar systems as home loan/ home improvement loan on which relief on income tax is applicable as per rules. Further, the accelerated depreciation and 10 years tax holiday are also applicable for installation of such plants which provide relief on income tax. |

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## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENERGY

## LOK SABHA UNSTARRED  QUESTION NO. 4112

TO BE ANSWERED ON 13.08.2015

## SOLAR ROOF TOP PLANTS

## +4112.  SHRI LAXMI NARAYAN YADAV:

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:

- (a) whether any scheme has been proposed to provide relief on Income Tax for installation of grid connected solar roof top plants at home;
- (b) if so, the details thereof; and
- (c) the status of implementation of said proposal?

## ANSWER

THE MINISTER OF STATE FOR POWER, COAL & NEW AND RENEWABLE ENERGY (INDEPENDENT CHARGE) (SHRI PIYUSH GOYAL)

(a),(b)&(c): Yes, Madam. Department of Financial Services, Ministry of Finance has advised all Public Sector Banks to provide loans for grid connected rooftop solar systems as home loan/ home improvement loan on which relief on income tax is applicable as per rules. Further, the accelerated  depreciation  and  10  years  tax  holiday  are  also  applicable  for  installation  of  such plants which provide relief on income tax.

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