How Will I get my money Back ?

A solar Rooftop will be the wisest investment in your Life. Let us take an example of a typical 5KW Solar power plant the cost assumed is 2.4 lacs after deducting various subsidies you get from the government and taxes you pay.
 
So the Big Question hear it is what will I get back, correct? Your returns will be the cost you save on electricity bills… How much will I save? 
Isn’t it that exciting no other investment can give you these returns? Your contribution to the environment is a bonus…
 
The formula to calculate it is a multiplying factor of 4 units per KW So by that standard a 5KW solar power plant will generate 20 units a day on a yearly average i.e around 35 units in summers from March to June and 20 units in Monsoon months and 15 units in winters. So 20 units on an average per day. So now you can multiply 20x365x the Cost of the Unit. So a 5kw will give you around 50k to 60K yearly savings.

 

 

 

Accelerated Depreciation Benefit

Accelerated depreciation benefit is allowable under. Section 37 of the Income Tax Act claims 40% in the first year. 40%…

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