Solar PV module tax rate

Will China reduce export tax rebates for solar panels and batteries?

China has announced it will lower the export tax rebate rate for solar photovoltaic products and batteries from 13% to 9% starting December 1, 2024. It also eliminates export tax rebates for aluminum and copper. The announcement was jointly made by China’s Ministry of Finance and the State Taxation Administration.

How will the elimination of export tax rebates affect solar PV & batteries?

The elimination of export tax rebates on aluminum and copper, which are also used in the renewable energy industry, has already increased the prices of these metals. The reduction in export incentives could also impact solar PV and batteries.

Which PV products have reduced export tax rebate rates?

According to the above-mentioned government announcements, PV products included in the list of products with reduced export tax rebate rates are for PV cells, either installed or not in modules.

Could solar panels be subject to lower VAT rates?

Solar panels installed on private homes and public buildings could see reduced VAT rates. Image: Enefit Green. Solar modules sold in the European Union (EU) could be subject to lower value added tax (VAT) rates after an agreement was reached this week by finance ministers from across the bloc.

Where are photovoltaic modules made?

The report also shows that China is responsible for over 65% of photovoltaic modules’ global production. Most of the factories manufacturing such modules are located in Zhejiang, Jiangsu, and Guangdong Provinces. These are the most industrialized regions in the country, with the most significant number of Chinese photovoltaic suppliers.

Why should you import solar panels from China?

Both the tariffs and the fact that China is the largest producer of solar panels globally make importing them from this country beneficial. As one can see, the duty rates on solar panels imported from China to the EU are very low, and in this case, they’re zero.