Solar roof top depreciation
RAVINDRA JOSHI (9 Points)
31 October 2019
is accelerated depreciation allowed for solar rooftop panels
3 Replies
Kapadia Pravin
(17259 Points)
Replied 02 November 2019
In order to promote the use of solar power in commercial and industrial segments, the Govt. of India offers accelerated depreciation of fixed assets associated with a solar power plant.
The current rate of acceleration which can be claimed in a year is 40%.
The current rate of acceleration which can be claimed in a year is 40%.
subhagan sreerangam
(7054 Points)
Replied 02 November 2019
The current rate of acceleration which can be claimed in a yaer is @ 40%>
Amit Bajpayee
(22 Points)
Replied 03 May 2024
Hey, yes in many places, including the United States, accelerated depreciation is indeed allowed for solar rooftop panels. This means businesses and individuals can recover the cost of their solar investments faster through tax deductions. It's like getting a financial boost upfront, making solar energy more financially appealing.
However, the specifics can vary by location and tax laws, so consulting with a tax professional is key to understanding the benefits available in your area.
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