Trinidad and Tobago solar Leglislation

A Solar Tariff also known as a feed-in-tariff is a rate policy that gives credit for the production of solar energy by customers. These tariffs are great incentives for consumer solar PV  installations.  

Examples of Caribbean Countries implementing Solar Tariffs: Barbados, Grenada

The Electricity Commission of Trinidad and Tobago(T&TEC) currently has NOT implemented a feed-in-tariff. But does allow for Solar PV Systems to be installed.

Customs Duty is the tax imposed on imported goods. Most Solar products are imported into the Caribbean, a reduced import bill is a great company incentive.

Trinidad and Tobago has two(2) laws governing Customs Duty.

Trinidad and Tobago Customs Duty Tax incentives under the Tourism act for Energy Efficiency and Zero Carbon Equipment: Suppliers pay no Duty on imported Solar PV(Electrical) panels and related equipment.

Trinidad and Tobago Customs Duty Tax Incentives under the Financial act for Solar Water Heaters and Equipment: Suppliers pay no Duty on Solar Water Heaters or Equipment to manufacture Solar Water Heaters.

Income Tax Refund, is a refund of the money you spent on particular goods or services during the year from the government. It is usually calculated as a portion of the expenditure. It is a great incentive for company and consumer solar installations.

Trinidad and Tobago Individual Refunds for Buying Solar Systems: Individuals can file for 25% up to $2500 in the year they purchased a solar water heating system.

Trinidad and Tobago Company Refunds for Buying Solar Systems: 

Companies can file for 25% up to $2500 in the year they purchased a solar water heating system. Companies can file for 150% refund on expenditure for Energy Service Companies to perform Energy Audits, Energy Efficiency and reduction measures like the Design and Installation of Solar PV systems.

Any tax refund for companies manufacturing solar related products or equipment.

Trinidad and Tobago Company Refunds for manufacturing solar related products: Companies can file for 150% wear and tear allowance on Solar Water Heaters, Solar PV and Wind Turbines.

Any tax refund for companies importing solar related products or equipment.

Trinidad and Tobago refunds for importing solar related products or equipment:  Energy Service Companies can file for 75% accelerated depreciation on equipment purchased for Energy Reduction or Energy Efficiency Systems.