Solar power tariffs may rise next fiscal on increased taxes: Report

MUMBAI: Following the recent hike in taxes on critical components and the proposed customs duty on modules, solar power tariffs may rise to Rs 2.6-2.7 per unit from an all-time low of Rs 2 per unit, next fiscal, warns a report.

The government recently increased GST on critical components of a solar project such as photovoltaic cells and modules from 5 per cent to 12 per cent with effect from the beginning of this month.