Levy planned for rooftop solar systems

Levy planned for rooftop solar systems

 

By Chryssa Liaggou

The Environment and Energy Ministry is planning to impose an extraordinary levy on photovoltaic systems on rooftops used for the production of electricity (not water heaters) as a result of pressure from the country’s international creditors to bring the electricity market’s deficit down to zero by 2014.

The levy could range between 10 and 15 percent of turnover, but those with low incomes will be exempt.