I have invested a sizeable amount in 2016 December for getting my solar roof top system up on my own house. Power produced from this plant is sold to ESCOM for which I am paid based on number of units generated. I would like to know, if I can claim depreciation benefit on the amount I invested and if the income generated from solar roof top is taxable for individuals.
Income from Solar roof tops
Vignesh karthik
Can an individual claim depreciation on a solar rooftop investment and is the income from it taxable? An individual invested in a solar rooftop system in December 2016 and sells the generated power to an electricity supply company (ESCOM). They seek advice on whether they can claim a depreciation benefit on their investment and if the income from the solar rooftop is taxable for individuals. (AI Summary)