GST rate on solar panel indicates grid parity: VP, Schneider

GST rate on solar panel indicates grid parity: VP, Schneider

In lieu of the tax rate on solar panels being fixed at five percent under the forthcoming Goods and Services Tax (GST), industry players believe that solar being placed at par with coal indicates that the country is moving towards grid parity.

“The fact that coal and solar has been placed at par with one another augurs well for the long term energy security of the country. This, quite rightly, addresses the unique energy dilemma that India faces considering that close to 18,000 villages do not have access to energy, but, at the same time, the country has a strong commitment to reduce its carbon footprints,” said Anurag Garg, Vice President – Solar & Energy Storage Business, Schneider Electric India. Read More…

 

 

Credit By: Outlook India

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