The Budget 2016 brings good cheer for the renewable energy sector as the government has allocated Rs.5036crores for this sector. In addition, the power tariff for energy from non-renewable energy is set to increase with the inclusion of the ‘Clean Environmental Cess’ on coal, lignite, and peat.
For consumers, this translates means that investing in renewable sources of energy, namely solar power would be extremely beneficial and would keep their power bills constant and to a minimum. With the allocation of this huge sum in this sector, consumers can expect more incentives and subsidies when investing in solar power panels for their homes and establishments.
Know more about the government’s attention towards the renewable energy sector.
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