BUSINESS

Govt Set to Impose Tax on Solar Panel Users; Check details inside

ISLAMABAD The federal government is considering a proposal to levy tax on installing 12KW and above solar panels.

According to an official source, the administration is also thinking about lowering the rate for net metering.

The source claims that there is a plan to charge people who install 12 kW residential or commercial solar panels. It is intended to tax residential or business solar users of 12 KW or more solar panels equal to Rs. 2000 per kilowatt.

It means that Rs 24,000 will be charged to customers installing 12KW solar panels, the source explained.

The Central Power Purchasing Agency (CPPA-G) has submitted a proposal in this regard to the Ministry of Energy (Power Division).

It stated that the Power Division delivered the CPPA plan to Prime Minister Shehbaz Sharif for approval.

According to the source, there is also a plan being considered to lower the rate for customers who use net metering.

Read More: Govt to significantly reduce solar net metering buyback rates

After the approval of the prime minister, the government will file a petition with National Electric Power Regulatory Authority (Nepra) for the reduction in the net metering electricity tariff, the source revealed.

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