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Fifty applications approved so far for importation of solar installation kits

Since announcing the exemption on duty for the importation of solar kits last summer, the government has approved 50 applications for the importation of $2.21 million worth of solar installation kits, a press release from the Ministry of Finance (MOF) revealed yesterday.

The release explains that while businesses and individuals can apply for the importation of solar kits, individual parts for solar installations cannot be brought in exempt of duty, as they can often be used for other applications.

Acting Financial Secretary Marlon Johnson said in the release that the application process for exemption has been made simple by the MOF and requires only the sending of an email and requisite documents.

“The only accompanying documents are copies of the invoices and a valid business license. So far we have had a smooth process for moving these applications through,” said Johnson.

“While we cannot grant exemptions on individual parts – many of which can be used for non-solar related provisions, we have been approving exemptions on all solar kits in keeping with the policy put in place by the government.”

During the 2018/2019 budget exercise the government made solar kits duty free.

The release said: “Individual and universal parts, such as electrical wire or circuit breakers, which are used inside and outside of the renewal energy sector, attract the ordinary duty rates when imported separately.”

While previous governments have kept solar panels free from duty, the release notes the duty rates on the parts for solar systems have been decreasing over time.

“Duty on all rechargeable batteries with the exception of car batteries has been set at 10 percent,” the release states.

“In the past, duty on these parts had been as high as 60 percent.

“Businesses are free to email the Revenue Department, Ministry of Finance to request an exemption, which is valid for specified imports over six months, for the duty free import of solar kits. Individuals are also free to apply for personal imports.”

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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