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100% depreciation availed from Government of India on Solar water Heaters to profit making companies, however this benefit is for the organizations which have profit reflected on their balance sheet. In the economic calculations this is treated as a bonus.
Now Government of Karnataka (KPTCL) offer rebate on monthly electricity bill, for installed Solar Water Heater @ Rs. 0.35 per unit (for domestic purpose). It is also a positive figure on savings in monthly electricity bill.
All leading Nationalized Banks give finance through subsidized interest for a period of 60 months (5 years) @ simple interest, up to 2000 LPD capacities and above, finance avail in followed banks.
Syndicate Bank and Bank of Maharashtra, all over Karnataka.
Designated branches at Canara Bank in Bangalore, Mysore, Tumkur, Mangalore, Shimoga, Davanagere, Gulbarga, Sagar.
Andhra Bank, Union Bank of India, Punjab National Bank and Punjab & Sindh Bank in Bangalore only.
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