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India lowers GST on solar gear to 5% to boost clean energy, cut costs, and hit 500 GW non-fossil target early.
India has cut the GST on renewable energy equipment from 18% to 5%, effective September 22, 2025, aiming to save investors up to 1.5 lakh crore rupees by 2030.
The move supports the country’s goal of 500 gigawatts of non-fossil fuel capacity, with India already at 252 GW—over half the target—five years early.
Costs for rooftop solar systems and farmer solar pumps are expected to drop significantly, while record-low solar prices, as low as 2.15 rupees per unit, reflect growing efficiency.
The government emphasizes passing savings to consumers and is advancing grid infrastructure, domestic manufacturing, and energy storage to ensure sustainable growth.
India reduce el GST en el equipo solar al 5% para impulsar la energía limpia, reducir los costos y alcanzar el objetivo de 500 GW no fósiles temprano.