While the 1603 grant has been a major boost to the solar industry, the industry could see growth even more if the government extends the program. Currently, the program is set to expire at the end of this year. But supporters say that extending the program for one more year would be a fair and timely extension. Find out more detail about solcellepanel.
During the financial crisis, tax equity deals, which allow companies to invest in projects with the expectation of receiving tax benefits, lost much of their appeal. The government responded to this by changing its formula for calculating grants, which some participants believed to be shortchanging them. An economic slowdown can slow down capital intensive renewable energy projects. Moreover, an economic downturn can also put a damper on the distributed PV market, which has long been thought of as a promising technology. More information about solcellepanel tak .
Despite this, there is an urgent need for government policy and incentives in promoting solar energy. The global economy is experiencing a sharp increase in energy prices. These high costs have caused painful inflation in many countries. In addition, the energy price spikes have also pushed families into poverty. Consequently, this has had a negative impact on the economy, especially in the emerging economies.
It is based on the assumption that demand declines by 1.20 percent, with the service and manufacturing industries accounting for the largest share. This is followed by a decline in the purchasing power of consumers, which will then lead to a corresponding decrease in income. As a result, the economic recovery is likely to take longer than expected.
In this case, the economic downturn will lead to a contraction in infrastructure development and residential income. However, the demand losses from these sectors are small and only contribute about 1.2 percent of the total demand loss. Therefore, the recovery period will be comparable to the lockdown. Nevertheless, the overall economy will experience a slowed down growth rate.
For this reason, the government should come up with a comprehensive strategy to address the needs of the distributed PV sector. This is necessary to ensure the resilience of the market, and to support the transformation of the clean energy industry. With the right incentive and policy strategies in place, the distributed PV sector can be strengthened to become an important part of a country’s clean energy infrastructure.