Source: Times of India
INDORE: In its bid to promote greenery and renewable source of energy, the Indore Municipal Corporation (IMC) from the Indian state of Madhya Pradesh is likely to announce tax rebate for green roof and solar panels in its budget on Wednesday. The IMC is expected to offer rebate in property tax for installing solar panels and developing green roof on their houses.
Mayor Krishnamurari Moghe had promised to give rebate in property tax to the houses with green roof. Now, the civic body has widened the ambit by including solar panel. The IMC official said pollution has emerged as a major challenge for the city so civic body is going to promote greenery by extending tax rebate. This will benefit individuals and builders who opt for solar panel and green roof. Beside, people can also get some rebate for planting trees on their properties.
Categories: Alternative energy, Asia, Environment, Future, India, Socioeconomics