Japan Will Grant Tax Concessions To Promote The Public Use Of Solar Energy

Japan government tomorrow will announce new measures to plan starting from next year to provide grants and tax incentives to promote more people and families using solar energy.

Government's new measures will also include Japanese manufacturers of solar system costs by half. Japan's major manufacturers of large solar panels, including Sharp, Kyocera and Sanyo. It is reported that the details of allowances and tax cuts will be finalized before the end of August period, when government officials have to put the budget request, included from next year on April 1 start of the new budget. At present, the value of the sale of a solar system 2.3 million yen, with these concessions, the price is expected in the next three years to five years, to 1.1 million yen.

In addition, Japan also plans to pre-2020, more than 70% of the new housing can be equipped with solar panels, which prompted the Government to take drastic measures to accelerate the utilization of new energy alternatives.

Japan's fuel, oil and natural gas supplies are imported from abroad, accounted for more than 50 percent of energy consumption. The report also pointed out that faced with the pressure of soaring oil prices, the Japanese government hopes to reduce the dependence on oil, and further strengthen its presence in the field of environmental protection role.

Source: 联合早报 Jun. 23, 2008