星期五, 2月 26, 2021
Home PV Policy Cuba introduces new rules, fiscal incentives for solar prosumers

Cuba introduces new rules, fiscal incentives for solar prosumers

With Decree No. 345, the Cuban government aims to encourage consumers to install rooftop PV projects. The new rules will help to facilitate the sale of surplus power within the national electricity system, among other matters.

Source:pv magazine

The government of Cuba has published new rules that introduce incentives, import tariff exemptions, and tax benefits for distributed generation, in order to facilitate the installation and purchase of renewable electricity.

“The Ministry of Energy and Mines promotes the production of energy by consumers, which includes the residential sector, based on the use of technologies that take advantage of renewable energy sources for self-consumption and the sale of surpluses to the Electric System National,” the government states in Decree No. 345.

The new rules will apply to state and non-state legal entities, commercial companies with 100% Cuban capital, and foreign investors. They also outline how commercial banks should grant loans to people who are interested in installing solar.

“The credits are granted in Cuban pesos up to 100% of the value of the equipment,” the government states in the decree. “The amount and the repayment term of the credit respond to the risk analysis carried out by the bank based on the payment capacity of the applicant.”

The Cuban government also hopes that the new rules will encourage the development of a national renewable energy industry. “Decree No. 345 declares as an objective the creation of the national industry, the production of equipment and components for the development of renewable energy sources and energy efficiency,” it says in the decree.

In an April 2018 interview with pv magazine, Cubasolar President Luis Bérriz revealed that excess energy from non-residential PV installations could be sold for $0.06/kWh.

By the end of 2018, Cuba’s cumulative installed PV capacity reached about 96 MW, according to the International Renewable Energy Agency. This capacity mainly comes from large-scale solar plants that were built under the Cuban solar plan, which includes a target of 700 MW by 2030.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

ComEd report finds investments in residential solar, energy efficiency benefit all customers

ComEd this week reported to the Illinois Commerce Commission (ICC) that residential customers are receiving savings and clean energy benefits from the Future Energy...

New Solar Access Act aims to implement automated solar permitting in most California cities

Senator Scott Wiener (D-San Francisco) introduced SB 617, the Solar Access Act. SB 617 implements automated solar permitting in local jurisdictions with over 10,000...

Biden administration restores amendments to Desert Renewable Energy Conservation Plan

California Energy Commissioner Karen Douglas released the following statement in response to the U.S. Department of Interior’s decision to revoke amendments to the Desert...

Missouri legislature considers taxing solar-powered households and businesses

The Missouri Solar Energy Industries Association (MOSEIA) announces that the state’s upcoming HB539 and SB178 bills, which seek to modify the state’s net-metering program,...