Romania handed a VAT discount for photo voltaic modules from 19% to five%.
“The legislation doesn’t present any restrict on the scale of the set up to profit from the discount,” mentioned Mihaela Nyerges, companion 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 corporations 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 increase self-consumption. Amid rising vitality 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 by the Casa Verde Fotovoltaice (inexperienced PV dwelling) scheme.
“The discount in VAT will additional stimulate the already growing market, though we will anticipate that the discount in VAT will solely be handed on to customers attributable to elevated demand,” mentioned Nyerges.
In keeping with the most recent statistics from the Worldwide Renewable Power Company (IRENA), Romania could have 1,398 MW of photo voltaic put in by the tip of 2021.
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