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Brazil Is 4th In The Ranking Of Countries That Added The Most Solar Capacity In The World! Return On Investment Is 15% To 20% Per Year
The advancement of solar energy in the country over the past year has placed Brazil 4th in the ranking of countries that added the most solar photovoltaic capacity in the world, according to a survey by the Brazilian Association of Photovoltaic Solar Energy (Absolar). Investing in the segment has become a good option in light of the increase in electricity prices, as well as issues such as sustainability, property appreciation, and return on investment. To give you an idea, the profit for an investor in solar panels can reach 15% to 20% per year.
“We have an example of a plant in Rio do Sul, where the initial investment was approximately R$ 220 thousand in photovoltaic modules and the profitability is R$ 4.2 thousand per month, which represents almost 2% gain. It is a profit higher than that of the real estate market, for example, in addition to being an amount that will continue every month for the 25-year lifespan of the system, a much longer period than you need to pay it off,” explains the director of the Santa Catarina solar panel importer, Tek Trade, Sandro Marin.
New Legislation Establishes Charges On Solar Energy Generation
After two years of discussion and processing in the National Congress, Brazil now has a legal framework for solar energy. In effect since the beginning of this year, Federal Law 14.300/2022 establishes a charge that will apply starting in January 2023 for those who install new photovoltaic panels. The so-called distributed generation is mostly done with solar panels installed on houses, condominiums, and the so-called “solar plants,” when a customer uses solar energy, but it is being generated outside their home or office.
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“Previously, those who installed photovoltaic panels at home were exempt from this part of the tariff, which contributed to the significant savings on the electricity bill. With the new law, investing in the coming months is securing the exemption from the tariff and the benefits that solar energy provides,” says Marin.
The legislation also establishes that those who had already installed the system at home before its publication, or who install it by the beginning of January 2023, remain exempt from the charge until 2045.
About Tek Trade
Tek Trade is a company from Santa Catarina and has been operating in the import and export sector in Brazil since 2005. It is a founding member of SINDITRADE – Union of Foreign Trade Companies in the State of Santa Catarina. With thousands of successful import and export operations, Tek Trade has all the necessary knowledge to operate in foreign trade efficiently, serving both small and large companies.
