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Policies

Incentives Law for the Development of Renewable Energy Projects (Ley De Incentivos Para El Desarrollo De Proyectos De Energia Renovable)

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 24 February 2017

The incentive law, which is regulated by the Accord 211 of 2005, provides fiscal incentives for renewable energy technologies. It includes 10-year exemptions for import duty and Value Added Tax (VAT) on imported renewable energy equipment. This incentive will be valid during the pre-investment and the construction, which shall not exceed ten years. Likewise, it also offers 10 year exemptions on income tax and a commercial tax on renewable energy projects.

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