Picture: Comrade_petruha, Pixabay
Mico Djukanovic, the president of the Montenegrin utility Elektroprivreda Crne Gore (EPCG), stated on his Twitter account this week that the VAT on photo voltaic panels has been lowered from 21% to 7%.
The brand new measure applies to all PV methods as much as 1 MW in dimension. Djukanovic stated that the brand new measure will cut back the price of the venture by round 12%.
EPCG and the Montenegrins Ministry of Ecology, Spatial Planning and Urbanism began a net-metering program for rooftop PV in July 2021. A couple of months in the past, Investiciono razvojni fond (IRF) – the Funding and Improvement Fund of Montenegro (IDF MN) – and the United Nations Improvement Program (UNDP) launched a financing help program to assist farmers and small and medium-sized companies to deploy rooftop PV options.
In line with the Worldwide Renewable Vitality Company, the nation will set up solely 7 MW of solar energy by the tip of 2021. Most of Montenegro’s electrical energy wants are at present met by the 225 MW Pljevlja thermal energy plant within the north of Montenegro and two giant hydropower. vegetation, in Perućica (307 MW) and Piva (363 MW).
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