The Government is promoting solar energy by providing fiscal and promotional incentives such as capital and/or interest subsidy, tax holiday on the earnings for 10 years, generation based incentive, accelerated depreciation, viability gap funding (VGF), financing solar rooftop systems as part of home loan, concessional excise and custom duties, preferential tariff for power generation from renewables, and foreign direct investment up to 100 per cent under the automatic route.
Under grid connected solar power schemes, the developer is decided through open and transparent bidding system. Under off grid solar programme, organisations who are interested in working in the sector can be empanelled as Channel Partners. The Ministry has empanelled Channel Partners for grid-connected roof-top, off-grid and solar water heater categories. The Government has revised the target of solar power from 20 GW to 100 GW by 2022.
However some developers are also importing solar cells, modules and other components. Technology is changing from time to time with new research. India is encouraging new and better technology.
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