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Solar Photovoltaic Power Generation Compensation Policy

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Solar Photovoltaic Power Generation Compensation Policy [PDF]

6 FAQs about [Solar Photovoltaic Power Generation Compensation Policy]

What are the compensation costs for solar PV projects?

The compensation costs can come from the current solar PV industry FiT and renewable energy subsidies 44. The cost of various taxes and charges refers to the taxes on solar PV projects and the administrative expenses from permitting, inspection and interconnection projects.

Are photovoltaic power generation policies effective?

Existing qualitative research on photovoltaic power generation policies has preferred sorting, summarizing, and performing comparative analyses of policies, focusing on their effectiveness and efficiency. Meanwhile, policy synergies have been ignored when studying the effectiveness of photovoltaic power generation policies.

Are solar PV project insurance policies standardised?

Demand for solar PV project insurance is increasing. However, in most countries, the insurance industry has not standardised insurance products for PV projects or components. A number of insurers provide solar PV project insurance policies, but underwriters’ risk models have not yet been standardised.

Who formulates policies on photovoltaic power generation?

Nevertheless, policies on photovoltaic power generation have been mainly formulated by a single department: the National Development and Reform Commission or the National Energy Administration. In addition, as shown in Fig. 1, before 2009, there were no multiple departments formulating or issuing policies without synergy between departments.

Are financial incentives still required for solar PV projects?

While the cost per kWh of solar PV power has come down dramatically and continues to fall, in most cases direct or indirect financial incentives are still required in order to increase the commercial attractiveness of solar PV projects so that there is sufficient investment in new projects to meet national goals for renewable energy production.

Will solar PV project insurance costs drop?

Though solar PV project insurance costs can be quite high, it is likely that rates will drop as insurers become familiar with solar PV projects and as installed capacity increases. “Insurance premiums make up approximately 25% of a PV system’s annual operating expense.

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