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As the government lowers the GST on cells, solar power will become more affordable. The GST rate for solar cells will drop from 12% to 5%.
The Finance Ministry lowered the customs duty on solar cells and modules from 25% to 20% and the duty on solar modules from 40% to 20% in the 2025 Union Budget.
The Ministry of Finance has lowered the goods and services tax (GST) on solar cells, wind energy generators, and biogas plants from 12% to 5%, which will significantly boost the production of renewable energy components.
For more info: https://www.renovapulseenergy.com
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