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Israel to exempt home solar, wind from taxes - report

Rooftop solar system. Author: Martin Abegglen. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

August 4 (SeeNews) - The Knesset in Israel has passed in a plenary vote yesterday a bill that exempts from tax home rooftop solar and other renewable energy installations.

The bill, which aims to encourage the wider use of renewables, also introduces tax benefits for those who rent spaces for clean energy projects, the Jerusalem Post reported.

Knesset member Yael Cohen Paran, one of the authors of the bill, said that every household in Israel will now be able to go greener. She noted in a speech that the country sources just 2% of its power from solar systems, even though there is abundant sunshine.

In April, Israel approved a long-term plan to cut greenhouse gas (GHG) emissions and increase energy efficiency. As part of it, the country is to define renewables quotas and introduce incentives for green energy.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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