How much is the tax refund for photovoltaic panels in Brazil

The Brazilian government approved on Tuesday measures to raise import taxes on photovoltaic modules and wind turbines, in a move that should give a boost to local production of equipment used.

Brazil's Ministry of Industry and Trade said in a statement that the country's government has eliminated a 12% import tax subsidy for photovoltaic modules because the country also produces similar products.

Federal government announces a 160% increase in import taxes on solar panels, threatening the clean energy market and jobs. The decision will have a direct impact on imports of wind turbines and solar panels, with the expectation of revoking 324 former solar panel tariffs that had the tariff reduced to zero.

From 2024 to 2027, photovoltaic modules assembled in Brazil will be subject to a 10.8% taxes on imported solar panels.

A survey made by the Brazilian trade association regarding the increase of tariffs on modules to 25% puts over 25GW of solar PV projects at risk of being cancelled by 2026, according to several local news outlets. This represents more than BRL97 billion (US$16.7 billion) in solar investments. The Brazilian government has raised the import tax .

How much is the tax refund for photovoltaic panels in Brazil [PDF] Chat with us

6 FAQs about [How much is the tax refund for photovoltaic panels in Brazil]

Will Brazil reopen tariffs on photovoltaic products?

According to foreign reports, the restoration of tariffs on photovoltaic products has been welcomed by the Brazilian Electrical Industry Association Abinee. The association said local manufacturers "suffered losses and lost jobs". Imported Asian products have an unfair advantage because they are subsidized in their countries of origin.

How will China's photovoltaic industry impact Brazil?

Brazil also produces some equipment for solar power generation. In fact, solar energy has become the second largest source of electricity in the country. This move will have a considerable impact on China’s photovoltaic industry. Because most of Brazil's photovoltaic modules are imported from China.

Will solar panels be taxed abroad?

Therefore, the purchase of solar panels from abroad will again be subject to the 10.8% tax from next year, while the withdrawal of incentives will be effective in about 2 months.

Can photovoltaic panels reduce electricity bill in so Paulo?

Newly installed photovoltaic panels had already begun to capture the sunlight that poured onto the roof of his children’s clothing store in São Paulo. Today, the panels allow Mr. Inada to virtually reduce to zero the store’s electricity bill and cut his home’s bill by half.

Can solar power be produced on a roof?

The “power produced on the roof” is like the work of “little ants,” with their own generation of solar power spread throughout the country, said Daniel Pansarella, national manager in Brazil of Trina, a Chinese manufacturer of photovoltaic modules and cells for plants and residential systems.

Why did Silvio Inada install photovoltaic panels in so Paulo?

In November 2021, when the water scarcity flag weighed on electricity bills and contributed to raising double-digit inflation, shop owner Silvio Inada was experiencing a different situation. Newly installed photovoltaic panels had already begun to capture the sunlight that poured onto the roof of his children’s clothing store in São Paulo.

How much is the tax refund for photovoltaic panels in Brazil