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Reduction of accelerated depreciation to negatively impact rooftop solar

Harnessing rooftop requires a more indirect approach, through tax incentives and other supports

Image courtesy: Bridge To India
Image courtesy: Bridge To India

The year 2016 has been an impactful year for the solar industry and the industry is really coming into its own. India has emerged as the 4th largest solar market globally, and is growing substantially as compared to other larger markets. We already have enough visibility into 2017 to know that the fast growth is unlikely to slow anytime soon. Perhaps for the first time, the central government’s solar target of 100 GW by 2022 is beginning to look at least conceivable, if still very ambitious. The most ambitious part of this 100 GW target is the 40 GW proscribed for rooftop ...