CLEAN ENERGY FOR THE COMMERCIAL SOLAR, GOVERNMENT AND NON-PROFIT ORGANIZATIONS
The traditional flat roof often has many shading obstacles. Our commercial solar PV system combines high-efficiency, frameless modules with SolarEdge inverters to allow for more power generation, even in space-constraints. Along with mitigating power loss due to a mismatch between modules, including lower performing modules that do not affect the entire string or array, our system comes with a simplified electrical design. Less electrical components mean lower costs and improved reliability, thereby improving your bottom line.
Our commercial solar system comes with a 25-year warranty and state-of-the-art monitoring capabilities, with automatic fault notification alerts to let you know when your array needs maintenance. Having more insight into your system performance means your investment is secured and protected for decades to come.
Accompanying the latest advancement in solar technology, our system also offers advanced safety features that completely de-energize the entire array, providing automatic protection to maintenance personnel, firefighters and installers. Full visibility of your system performance on the go via mobile applications or connected devices creates peace of mind and makes the decision to go solar a sensible one.
Tax Benefit explained- The accelerated depreciation of Solar Investment
The accelerated depreciation benefit allows the commercial and industrial users of solar power in India to depreciate their investment in a Solar Power Plant at a much higher rate than general fixed assets. This in return allows the user to claim tax benefits on the value depreciated in a given year.
Let’s say a commercial or industrial user, Example Pvt. Ltd., falls under an income tax bracket of 30%. Now lets say this user builds a general asset that is valued at Rs. 1 Crore in a given financial year, with an expected asset life of 20 yrs. Under normal circumstances, the user will be able to claim an annual depreciation of 5% of Rs. 1.0 Crore (considering linear depreciation, 100%/20yr = 5%/yr). for purpose of income tax.
This implies that the user will be able to claim tax benefit of 30% of 5% of Rs. 1.0 Crore per year = Rs. 1.5 Lakh per year for next 20 years.
However, when the investment is made in a Solar Plant, the user is allowed to depreciate the asset at 40%, thereby allowing the user to completely depreciate the asset within three years term, and saving a tax of Rs. 12 Lakh, Rs. 12 Lakh and Rs. 6 Lakh in the first, second and third year of operation respectively.