Israel’s Minister of National Infrastructure (MNI) has authorized a new incentive policy for residential and small industrial solar power installations up to 50 kilowatts (kW)in size.
A feed-in-tariff will be set by the Israeli Public Utilities Authority. Previous reports suggested the incentive will be set at 1.61 NIS (EUR 0.31) per kWh.
According to the authorized quotas, tariffs for residential arrays up to 4kW will be uncapped until December 2014. Similarly, tariffs for industrial installations (15-50kW) installed in periphery, or non-urban areas, also will not be capped.
Industrial installations that are not in
periphery area or ones placed on public buildings roofs, will be capped to 50MW. And a 30-megawatts (MW) tariff cap has been set for all roof-top systems on public buildings, with an emphasis on educational institutions.
"The new policy removes almost all the restrictions from installing domestic facilities of up to 4KW and thus promotes the green rooftops vision" said the Minister Dr. Uzi Landau.
Vladimir Budyansky, CEO of consultant firm Quantum Business Group, said: "This is a good policy. This is a big step in rectifying the terrible atrocity that was created by previous regulations and tariffs."
For additional information about Israel’s feed-in tariffs, visit the link below.
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