In Short : To lower the cost of renewable energy projects, the Indian government has lowered tariffs on wind turbines and solar panels. According to experts, this action will immediately lower the cost of producing electricity and lower customer bills.
Encouraging Innovation and Strategic Growth
Developers may embrace cutting-edge technology, increase efficiency, and scale up solar and wind projects more quickly by reducing the cost of equipment. It is anticipated that this change in policy will stimulate new investments in the field of renewable energy.
Impact and Significance of Clean Energy
The tax cut is anticipated to help India achieve its net-zero emission targets, lessen reliance on fossil fuels, and hasten the country’s transition to clean energy. In the upcoming years, consumers might also profit from less expensive renewable electricity.
