Incentives
Government-Backed Incentives for Solar Investors
Incentives
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Significant Reduction in Income Tax
When you invest in a solar system, you can deduct up to 50% of the investment value directly from your income tax. It’s a powerful way to recover your capital while committing to sustainability.
VAT Exemption on Certified Solar Equipment
Did you know that solar systems for self-consumption are exempt from VAT? This benefit applies as long as the equipment is properly certified through UPME — resulting in immediate savings on your system cost.
Import your certified solar components without paying customs duties, lowering your setup costs.
Duty-Free Equipment Imports
Importing high-quality solar technology doesn’t have to be expensive. With current incentives, you can bring in the necessary components for your project without paying import duties — provided they meet certification requirements.
Accelerated Depreciation of the System
The government allows solar assets to be depreciated at an accelerated rate, improving your project’s financial returns and giving you greater flexibility in your accounting from year one.
