Bill Taxing Solar Energy Use Could Create 1 Million Jobs, According to Data from Absolar

According to Data from Absolar, the Bill That Approves Solar Taxation Could Generate 1 Million Jobs in the Solar Energy Sector in the Next 30 Years

The COVID-19 Pandemic impacted the world globally, including Brazil, generating millions of unemployed individuals. In a country like ours, which had an average of 13.5% unemployment last year, solar energy is of utmost importance to stabilize the Brazilian economy again. The Bill 5829/2019, which supports the “solar taxation,” or rather, solar energy, plans to generate one million new jobs over the next 30 years in all 26 Brazilian states.

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Solar Energy: The Data from the New Bill That Approves Solar Taxation

According to the President of the Solar Free Movement (MSL), Hewerton Martins, the approval of the Bill that approves the “solar taxation” could generate various job opportunities in approximately over five thousand municipalities in Brazil. According to him, just last year, solar energy created 86,000 job openings and attracted R$ 13 billion in investments in Brazil.

For this year, Absolar estimates that 147,000 new jobs will be generated across Brazil. According to Hewerton, the supply chain is extensive and involves various stages in a single production, such as products and retailers; that is, just like the agricultural sector, the market is vast.

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The Bill that supports the “solar taxation” benefits those who generate their electricity from solar energy and inject the remainder into the local distribution network, according to the public law specialist from Kolbe Advogados Associados, Letícia Zeringue. According to the Bill, those classified as mini and micro-generators will receive 50% or 100% discounts on charges and fees. For those at 100%, the remaining amount will be allocated to applicants of energy distributors, and for others, it will be 50%.

If approved, the Bill that taxes solar energy, in addition to creating new job opportunities, will stimulate the economy related to the electric energy sector and its branches.

Letícia Zeringue also remembers that we will have environmental benefits provided by solar energy, as it is a renewable, sustainable, and clean energy source, contributing to the reduction of gases such as CO2 in the atmosphere. The specialist also emphasizes that in the crisis we are experiencing, both in health and in the economy, solar energy taxation is of utmost importance, as it could balance social stability through job creation.

Words from the Partner of PMMF on Solar Energy Taxation

According to Ulisses Penachio, partner of PMMF Advogados and public law specialist, this regulation is unstable since it does not consist of legal norms, meaning it can be easily altered.

According to him, investors need to feel secure in the environment, without significant risks of surprises. For electrical energy generation to grow, there are many questions that still need to be clarified.