Another 109 Solar Power Equipment Have Import Taxes Waived By the Government

Written by Flavia Marinho

Published on 01/09/2020 at 17:34

Módulos e inversores de energia solar serão zerados a partir de hoje 1° de agosto. Produtos costumam ter uma tarifa de 12% a 14%.

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Solar Power Modules and Inverters Will Have Zero Import Tax Starting Today, August 1st. Products Typically Have a 12% to 14% Tax.

The Federal Government has decided to eliminate the import tax on more than 109 solar power generation equipment, such as photovoltaic inverters, static converters, and trackers used for solar panels. Bolsonaro Inaugurates Solar Power Plant in Goiás and Ensures That “The Sun Will Not Be Taxed”

This action came from the Executive Management Committee of the Chamber of Foreign Trade last Thursday (August 27th) and includes various products. The inclusion of the new items in the list of solar power products exempt from import tax under the ex-tariff condition will take effect starting August 1st.

The measure continues the elimination of taxes on other solar power components announced in July and aims to help stimulate business during the crisis caused by the new Coronavirus, where the depreciation of the real against the dollar increases the costs of components for generation with the technology, which mainly relies on imports from China.

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On the other hand, the few companies that manufacture solar power equipment in Brazil may find their competitiveness pressured compared to imported products, which traditionally already have cost advantages.

However, the country still has another 3.4 gigawatts in distributed generation, in cases where, for example, solar panels are used at home. According to Aneel, the sector has shown strong growth here, both in large power plants and for residential installations.

Still, solar energy currently represents just under 2% of the operating capacity in Brazil, according to data from the National Electric Energy Agency (Aneel), with enormous potential for expansion in the coming decades.

Another 109 Solar Power Equipment Have Import Taxes Waived By the Government

Solar Power Modules and Inverters Will Have Zero Import Tax Starting Today, August 1st. Products Typically Have a 12% to 14% Tax.

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Another 109 Solar Power Equipment Have Import Taxes Waived By the Government

Solar Power Modules and Inverters Will Have Zero Import Tax Starting Today, August 1st. Products Typically Have a 12% to 14% Tax.

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Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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