Fiscal Incentives Provided by National Solar Mission

By Narsi Santhanam • Aug 26th, 2009 • Category: Uncategorized

Some incentives suggested by the National Solar Mission

* It also proposes to impose a “small cess” on all fossil fuels at the rate of Rs 0.20 per 10,000 Kcal to meet the requirement of the funds. International funding may also be sought for various components of the Mission.
* The Mission proposes the extension of the current offer of five-year loans at 2 per cent interest for solar thermal water heaters for domestic use and 3-5 per cent interest loans to install off-grid solar PV lighting systems for institutional and commercial use.
* A 10-year loan at 2 per cent interest for off-grid solar PV of 100 W to 10 KW capacity to replace diesel generators, UPS and inverter systems with solar-based systems.

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Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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