Energy exec pleads with govt to slash tax on solar panel batteries

Energy exec pleads with govt to slash tax on solar panel batteries
Source: Ghana | Myjoyonline.com | Zaina Adamu | Email: zaina.adamu@myjoyonline.com | Twitter: @ZainaAdamu
Date: 07-06-2018 Time: 11:06:02:am
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Solar power involves collecting energy from the sun's rays and converting it into electricity.

Tino Solutions Limited CEO, Postino Dugle, is urging lawmakers to waive taxes on storage batteries for solar panels, emphasizing that the move will encourage use of renewable energy in the country.

“In the business of solar, batteries take nearly 50% of the cost of installing a solar system,” he addressed to the media at a renewable energy summit in Accra. “What is still a major concern in the industry is the tax that is slapped on storage batteries for solar panels.”

At its core, storage batteries supplement the use of solar panels for residential and commercial use. Dugle explained that cutting 30% of taxes on storage batteries would realign Ghana’s sustainable energy plan, and encourage the private sector to go off the national grid.

Dugle acknowledged that slashing the tax could be reintroduced as a corporate tax, and save the government money it intended to spend on solar plants.

Quite simply, solar power involves collecting energy from the sun's rays and converting it into electricity. Using the sun for energy, dates back to the 7th century B.C., when magnifying glasses were used to amplify the sun’s rays to make fire and burn ants.

Dugle explained that cutting 30% of taxes on storage batteries would realign Ghana’s sustainable energy plan.

Scientists praised the idea initially. They touted solar as power where “everyone benefits: locally generated solar power helps us all avoid paying for new, costly power plants and transmission line upgrades. Also, local solar means less power that utilities have to provide during hot, sunny days when electricity is most expensive to generate,” a Union of Concerned Scientists report reads.

But some scientists warn solar panels could be a victim of its own victory.

Think tank group Energy Networks Australia reported that in Queensland, a solar panel surge is overwhelming the electricity grid, leading to potential blackouts.

"We have almost one in three households in Queensland that have solar panels on their roof and to be honest, by world standards, that is off the chart," said the group’s CEO Andrew Dillon to ABC News Online.

Either way, Dugle says solar power is instrumental and he recognizes what the current administration has done thus far.

“We appreciate the effort that the government is making with regard to renewable energy,” he said. “It has introduced some tax exemptions on some of the components of solar such as the removal of import duties on the panels.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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