The finance committee approved 25% accelerated depreciation for four years (own use including net meter)
This morning, the Finance Committee approved regulations that establish an accelerated depreciation of 25% until the end of 2019 for PV facilities whose main electricity production is for self-use (including net meter facilities).
This is an unprecedented benefit from the tax authority designed to generate negative tax offsets (losses) and thus benefit electricity consumers who choose solar energy.
In addition, the finance committee approved amendments to the VAT and income tax regulations aimed at completing the exemption legislation approved at the beginning of the year (for domestic consumers)
To review the text of the regulations, click on the image.
Extension of the seventh series – tariff installations 50KWp
For those who referred below, a link to the Authority’s decision to extend the seventh series from 2016 until the end of 2017 – click on the image.
According to the information we received, there are about ten megawatts available and the rate is known to be 37 AJ/kWh (see ibid).
The energy sector – don’t count on lowering the price
What is the purpose of the electricity reform if it is not certain that it will lower the price for the consumer? The proposed reform in electricity is based on two foundations – the retirement of workers and the sale of power plants, but it is not clear whether these moves will have an impact on the price for the consumer | Is the motivation for reform ideological at all and not purely economic? | Second article in the series
