How much is the subsidy for solar panels in Türkiye

4 FAQs about [How much is the subsidy for solar panels in Türkiye]

How much does a Turkish Solar System cost?

The Turkish authorities have set a 10-year feed-in tariff (FIT) of TRY 1.06 ($0.0545)/kWh for PV systems that are installed between July 1, 2021, and December 31, 2030. Solar projects with Turkish PV components will be given an additional five-year tariff of TRY 0.2880/kWh.

Are solar panels a good investment in Turkey?

In this context, solar panel installations have gained momentum worldwide, including in Turkey, as a means to promote clean energy production. Governments, including Turkey’s, provide various incentives, subsidies, and legal support mechanisms to encourage individuals and businesses to invest in solar energy.

What incentives are available for solar panels in Turkey?

The Turkish government provides comprehensive incentives for solar panel installations, including feed-in tariffs, tax exemptions, low-interest loans, and simplified licensing processes. These incentives significantly reduce the initial investment burden and encourage the transition to renewable energy. Key Takeaways:

How many solar panels will Turkey install by 2026?

The Turkish Photovoltaic Association’s PV roadmap report released in 2019 predicted that the country will install a cumulative 38GW of PV systems by 2030. In another study released in May 2018, Istanbul-based Shura Energy Transition Center predicted that the cumulative installation of PV systems in Turkey will exceed 20GW by 2026.

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