European countries accelerated their renewable energy transformation due to the Russian crisis. The Netherlands has announced that it will abolish the Value Added Tax for solar energy systems used in residences.
By the end of 2021, around 1.58 million Dutch have installed solar power systems in their homes. The total capacity is stated to be about 5.6GW.
Netherlands introduces VAT exemption for solar systems
Dutch citizens pay 21 percent VAT to the government for renewable energy systems. The Netherlands, which turned to renewable energy sources due to the energy crisis, will realize VAT exemption to encourage electricity production with solar energy.
Dutch solar analyst Peter Segaar said: “The 2023 Tax Plan package is still being discussed in the parliament. The new law is expected to enter into force towards the end of 2022. After the approval of the parliament, tax exemption will be provided for solar energy systems to be built in our country. said.
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Stating that building-integrated photovoltaic (BIPV) systems are not included in the exemption, Segaar said, “A part of the VAT amount paid for BIPV installations can be deducted by homeowners. However, 0 percent VAT for BIPV is unfortunately not available in the new bill.” made statements.
The Dutch government is currently applying tax breaks for solar panels placed on the roof. With the new bill passed by the parliament, it is estimated that Dutch citizens will demand solar panel installation.
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