HNI interest in solar rooftops wanes as big boys enter

Few years back, solar rooftops was emerging as a new attractive option for HNIs in the country

Few years back, solar rooftops was emerging as a new attractive option for high net worth individuals (HNI)s in the country. However, this may be now fading as HNIs make way for bigger players to dominate the segment.

Industry players from the solar rooftop space point out that one reason for the waning interest is that tax benefit on accelerated depreciation is no more attractive. “There was a lot more interest from HNIs, but it is now waning,” said Nishant Agarwal, Head of Products, Investment Advisory and Family Office, ASK Wealth Advisors.

100% accelerated depreciation was available on solar plant