TAX EXEMPTION ACCORDING TO INCOME TAX ACT, FOR THE ELECTRICITY WHICH IS GENERATED FROM RENEWABLE ENERGY RESOURCES ON ROOFTOPS AND FACADES OF BUILDINGS

Fossil fuels are destroying the environment, and also they are limited resources, so that shifting into renewable energy is inevitable. Generating energy from renewable energy resources costs high. For shifting into renewable energy generation, both investors and residents must be supported with incentives by the State. Rooftops and facades of the buildings are very suitable places for photovoltaic panels and small wind turbines. Utilizing these areas for electricity generation is very beneficial for the environment and for the economy. Tax exemption is one of the govermental incentives which are used in many ways. Income Tax Act regulates tax exemptions about solar panels and wind turbines that are placed on rooftops and facades