Subsidy for installing energy storage equipment in Chiang Mai Thailand

4 FAQs about [Subsidy for installing energy storage equipment in Chiang Mai Thailand]

What is the FIT scheme in Thailand?

The FiT scheme is a key aspect of Thailand’s renewable energy policy, guaranteeing fixed prices for energy generated from renewable sources. This policy reduces the financial risk associated with renewable energy projects, making them more appealing to potential investors.

How does Thailand''s climate strategy work?

These measures are integral to Thailand’s broader climate strategy, which targets carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065. The incentives are designed to lower energy consumption and production costs by offering significant tax deductions for investments in energy-efficient equipment and solar rooftop systems.

Are solar roofs tax deductible in Thailand?

Tax Deduction for Residential Solar Rooftops: Individuals can deduct the actual cost of solar rooftop installation on their homes from personal income tax, up to a maximum of 200,000 baht (including VAT). These measures are designed to support Thailand’s transition to clean energy while easing the financial burden on both businesses and households.

What will Thailand''s new solar legislation do?

The proposed legislation aims to further support renewable energy initiatives, including the local manufacturing and certification of Thai-made solar inverters. This Act is expected to lay the regulatory foundation for long-term investment in solar infrastructure and domestic innovation in clean energy technologies.

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