- Austria has reduced the VAT on residential PV systems.
- The new measures apply to all new PV systems up to 35 kW in size.
- The reduction in VAT will go into force in January.
- The Austrian government plans to reduce the VAT for solar modules to 0% from January 2024.
- The measure is part of a new economic stimulus package.
- The reduction in VAT is aimed at boosting the expansion of PV systems in the small segment.
- The industry is currently experiencing a decline in demand for photovoltaics.
- The reduction in VAT is expected to simplify processes and replace federal rebates.
- Austria installed more than 1 GW of solar in 2022, bringing its cumulative PV capacity to 3.79 GW.
Source: pv-magazine.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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