Budget 2023: Specialists propose tax breaks, incentives to boost clean energy adoption

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KUALA LUMPUR, Sept 24 — Clean energy specialists have proposed that the government waive import duty on solar panels and inverters in Budget 2023, as solar installations rely...

KUALA LUMPUR, Sept 24 — Clean energy specialists have proposed that the government waive import duty on solar panels and inverters in Budget 2023, as solar installations rely heavily on both.

This two-year suspension is meant to ensure access to an adequate supply of resources to satisfy demands for power generation. He said tax incentives such as GITA and GITE should also be given to property developers to integrate solar photovoltaic panels in housing projects. The Sustainable Energy Development Authority’s net energy metering 3.0 scheme has seen uptake from business and residential segments and Plus Xnergy would like the incentives to be maintained.

 

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