Ministry of Economy Reduces Import Tax on Solar Panels and Encourages Acquisition of Renewable Energy

To Promote The Use Of Renewable Energy And Ease The High Rates On Electricity Bills, The Ministry Of Economy Reduced Taxes On Solar Panels And Other Equipment For Clean Energy Generation

The Ministry Of Economy Reduced Import Tax Rates On Some Components Related To Energy Generation. The Goal Is To Promote The Diversification Of The Brazilian Energy Matrix Through Renewable Energy Sources, As Well As To Offer A Reduction In The Cost Of Energy Generation And Sales. Among The Reduced Taxes Are Those On Solar Panels, DC-DC Converters, Lithium Batteries, And Parts Of Nuclear Reactors. The Ministry Of Economy’s Decision Was Finalized This Wednesday (18).

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Reduced Percentage By The Ministry Of Economy May Benefit Brazilians Interested In Acquiring Renewable Energy

The Reduced Percentages By The Entity To Promote Renewable Energy Generation Were As Follows: For Solar Panels, The Ministry Of Economy Reduced The Rate From 12% To 6%, While Lithium Batteries, Previously At 18%, Dropped To 9%, Parts Of Nuclear Reactors, Which Were 14%, Dropped To 0%, And DC-DC Converters, Which Were 14%, Dropped To 7%.

The Ministry Of Economy, In Addition To The Renewable Energy Sector, Also Reduced Personal Hygiene Products, With A Cut From 12% To 10% On Import Tax For Diapers And Sanitary Pads, And For Other Main Inputs From 8% To 7%.

In Official Notice, The Ministry Of Economy Stated That This Measure For The Renewable Energy And Personal Hygiene Sector Will Enable A Price Drop For The Community And A Reduction In Production Costs For The Industry.

Solar Panel Installation Grows Due To The Rise In Electricity Bills

Solar Energy Reached 11GW Of Installed Capacity With Solar Panels On Roofs, Small Residential Lots, Industries, Businesses, Public Buildings, And Rural Producers Last Month, According To Aneel. One Of The Factors That Most Encouraged Several Consumers To Use Photovoltaic Panels Was The Numerous Increases In Electricity Bill Rates.

Since The Beginning Of The Year, The Electricity Bill Has Increased By An Average Of 7.15%, Making Renewable Energy More Attractive. Although In Recent Months The Prices Of Solar Panels Have Also Increased Due To The Energy Crisis In China, An Important Supplier In The Sector.

According To Enerzee’s CEO, Alexandre Sperafico, The Current Cost Of Rates Ends Up Neutralizing This Increase To Some Extent. According To Alexandre, Even With The Recent Price Increases, The Number Of Solar Panel Installations Will Continue To Grow.

The Renewable Energy Sector Advances Worldwide

Scientists At The EMPA Laboratory In Switzerland Developed A New Solar Cell Capable Of Being Flexible And Breaking Historic Records In Efficiency Compared To Other Panels.

The Product, Which Performs Better Than Conventional Solar Panels, Can Be Produced In Plastic Films And Through Inkjet Printing, Known As CIGS, Which Stands For Copper, Indium, Gallium, And Selenium. This Inkjet Printing Is Applied To Roofs, Devices, Building Facades, Portable Electronics, Among Others.