Romania handed a VAT discount for photo voltaic modules from 19% to five%.
“The regulation doesn’t present any restrict on the dimensions of the set up to learn from the discount,” mentioned Mihaela Nyerges, accomplice at Nyerges & Companions, pv journal.
The measure solely applies to PV panels for residential homes or public buildings belonging to central or native authorities or entities. Business firms are excluded from the tax cuts. VAT discount additionally applies to photo voltaic thermal panels, set up kits, and low-emission warmth pumps.
The incentives are anticipated to extend photo voltaic uptake all through Romania and enhance self-consumption. Amid rising power costs, the nation has seen a pointy rise in prosumers because it launched extra favorable web metering provisions in 2022. Romania can be supporting rooftop PV deployment via the Casa Verde Fotovoltaice (inexperienced PV house) scheme.
“The discount in VAT will additional stimulate the already creating market, though we are able to count on that the discount in VAT will solely be handed on to shoppers because of elevated demand,” mentioned Nyerges.
In line with the newest statistics from the Worldwide Renewable Vitality Company (IRENA), Romania may have 1,398 MW of photo voltaic put in by the top of 2021.
This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: [email protected].
