Curaçao maintains compensation for photo voltaic panels: payback time additional decreased
WILLEMSTAD – The government of Curacao has decided to keep feed-in tariffs for consumers and companies that generate electricity with solar panels at a level of 0.25 Antillean guilders (NAf) per kilowatt hour.
Since 2011 it has been possible for private individuals and companies on Curaçao to generate electricity for their own use using solar panels. The feed-in tariffs are set annually.
Below the international payback periods
“Maintaining the current feed-in rates from January 1, 2021 will ensure that private individuals or companies can achieve a reasonable payback period, which is now even below the usual international payback periods,” writes the government of Curacao. “This also means that the acquisition costs for the grid company are reasonable in line with the fuel clause as part of the regular end-user rates for electricity.”
According to the government, the solar panel market grew cautiously again in 2019, and that growth has continued into 2020. “The most important factor for this is the average decrease in investments for an installation with solar modules in combination with the relatively stable level of the regular end-user tariffs for electricity. This has a favorable effect on the payback period for end-users with their own sustainable electricity generation for their own use due to the resulting savings out. “
Electricity grid fee
With the “Tariff Directive for Sustainable Power Supply on a Small Scale”, the government of Curacao has now decided to leave the tariffs unchanged. The fixed monthly fees that the owners of solar modules have to pay to cover the costs for the use and availability of the power grid, the grid connection and the production capacity are also retained.