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Chile: Solar Association ACESOL Fights to Extend Tax Rebates

Submitted by Baerbel Epp on January 3, 2013

2010’s “Law 20.365” tax rebate has made Chile´s solar thermal market grow substantially over the last years. Until now, however, the government has not yet agreed on continuing the rebate after 2013. The law enables construction companies to deduct a certain share of their investment costs in a solar thermal system (including installation) from the down payments that the law requires on any tax declaration. Chile’s solar industry association ACESOL is lobbying to extend the tax rebate scheme, because the country´s solar thermal industry has already been affected: As the law applies to large-scale construction projects, which take a long time to plan and build, several developers have just decided to exclude solar water heaters from their construction projects.
Photo: Schüco International KG

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