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:

What is the legal framework for solar energy in Turkey?

1. Legal Framework for Solar Energy Incentives The main legislation that governs renewable energy and solar panel installations in Turkey includes: Law No. 5346 on the Utilization of Renewable Energy Sources for the Purpose of Generating Electrical Energy (YEK Law).

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.

Does Turkey need fair financing for solar energy systems?

In addition, the need for fair financing for household systems has been pointed out . Kural and Ara, on the other hand, analyzed Turkey's current solar energy potential and FIT application in their study and concluded that the FIT values are not at an attractive level for the investor.

How much will Turkey spend on solar energy?

Erdogan also said Turkey would provide $2.5 billion in grant support for solar cell facilities with up to 15 GW capacity, and said the government had allocated another $1.7 billion to manufacturing critical components in wind energy.

Does Turkey offer a feed-in tariff subsidy?

In addition, PV projects installed with domestic PV modules in Turkey will receive an additional five-year feed-in tariff subsidy (FIT) of 0.2880 TL/kWh.