Updating Rooftop Solar Policies 2023

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As of October 6, 2023, the rooftop solar power policy in Vietnam is still applied according to Circular No. 02/2019/TT-BCT dated January 16, 2019 of the Ministry of Industry and Trade. Accordingly, rooftop solar power projects enjoy preferential electricity purchase prices of 1,978 VND/kWh (excluding value-added tax) for a period of 20 years.

If you are interested in issues related to the 2023 rooftop solar power policy , please read the article in detail. In this article, VREnergy will explain in detail the important information in the policy!

Rooftop solar power policy in 2023

As of October 6, 2023, the rooftop solar power policy in Vietnam is still applied according to Circular No. 02/2019/TT-BCT dated January 16, 2019 of the Ministry of Industry and Trade. Accordingly, rooftop solar power projects enjoy preferential electricity purchase prices of 1,978 VND/kWh (excluding value-added tax) for a period of 20 years.

Applicable subjects

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The rooftop solar power policy applies to households, organizations, and individuals who own and use rooftops and install rooftop solar power systems.

Maximum capacity

From January 1, 2023, only rooftop solar power projects with a capacity of no more than 1MW will enjoy preferential electricity purchase prices. For rooftop solar power projects with a capacity of 1MW or more, the electricity purchase price will be determined according to the regulations of the Ministry of Industry and Trade.

Solar power purchase price

The electricity purchase price for the rooftop solar power project is 1,978 VND/kWh (excluding value added tax). The electricity purchase price is applied to the entire electricity output generated on the project’s grid.

Time to enjoy preferential prices

Rooftop solar power projects enjoy preferential electricity purchase prices for a period of 20 years from the date of commercial operation.

Necessary procedures

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To install a rooftop solar power system, households, organizations and individuals need to carry out the following procedures:

  • Register to connect with Electricity
  • Install solar power system
  • Sign a solar power purchase contract with Electricity
  • New preferential policies are being researched and proposed

In addition to current policies, the Ministry of Industry and Trade is also researching and proposing new preferential policies to encourage the development of rooftop solar power, specifically:

  • Exemption and reduction of taxes and fees for rooftop solar power projects.
  • Prioritize budget allocation to support rooftop solar power projects in rural, mountainous and island areas.
  • Loan support with preferential interest rates for households and businesses installing rooftop solar power.

Benefits of investing in rooftop solar power in 2023 

After learning about the important issues in the 2023 rooftop solar power policy, surely what we are most interested in is the BENEFITS we receive from the policy. VREnergy will list the practical benefits when investing in rooftop solar power.

Save electricity costs

This is the most direct and visible benefit of rooftop solar power. When installing solar power systems , households and businesses can produce their own electricity from renewable energy sources, minimizing electricity costs from the national grid.

According to calculations, a rooftop solar power system with a capacity of 3 kWp can save about 3 million VND in electricity bills per year. With the current preferential electricity price of 1,978 VND/kWh, the payback period of this system is only about 6 years.

Environmental protection

Solar power is a renewable energy source that does not generate emissions, helping to reduce environmental pollution and climate change. This is an important benefit in the context of climate change being an urgent global issue.

Create jobs

The solar power sector is growing strongly, creating many jobs for workers. Investing in rooftop solar power also contributes to promoting the development of the renewable energy industry in Vietnam.

Overall, rooftop solar power is an effective investment solution, bringing many benefits to households and businesses. With current and expected preferential policies issued in the near future, rooftop solar power will become an even more popular choice in the future.

Summary of rooftop solar power policy 2023

Below is a summary of rooftop solar power policies 2023:

Characteristic

Regulations

Electricity purchase price

1,987 VND/kWh (excluding value added tax)

Time to enjoy preferential prices

20 years

Maximum capacity

1 MW

Solar power projects with a capacity of 1 MW or more will enjoy electricity purchase prices according to regulations of the Ministry of Industry and Trade.

Preferential policies are being researched and proposed

Exemption and reduction of taxes and fees; prioritize budget allocation; Loan support with preferential interest rates

With what VREnergy has shared above, you can evaluate the strong development potential in solar power as well as renewable energy power in the near future.

So what are the solutions for specific subjects such as households and businesses by 2023?

Rooftop solar power installation solutions in 2023

For households

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By reading and understanding the policy, we can reflect on the benefits of deploying rooftop solar power systems in optimizing economic efficiency for households. If we install solar power at home  , we need to take some notes before installing solar power . Specifically, three things to note are:

  • Power consumption: The solar power system needs to have enough capacity to meet the family’s electricity needs. To calculate the required capacity, you can base it on your monthly electricity bill or the number of kWh consumed in a month.
  • Installation location: The solar power system needs to be installed in a location with lots of sunlight. Priority should be given to installation on rooftops, terraces, or areas with spacious premises.
  • Financial ability: The cost of installing solar power depends on the system capacity and type of materials used. You should consider your family’s financial ability before installation.

For Businesses

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Regarding rooftop solar power installation solutions for businesses, we will have many solutions to consider implementation efficiency. And the most suitable solutions for current businesses include:

  • Solar power EPC general contractor : This solution includes all stages from design, construction, installation, acceptance, to warranty of the solar power system. Businesses only need to sign a contract with the EPC contractor and provide the necessary information, the contractor will perform all the remaining work.
  • PPA energy solution: This solution is a form of cooperation between businesses and investors. The investor will be responsible for investing, installing, operating and maintaining the solar power system. Enterprises only need to sign an electricity purchase contract with investors at a more preferential price than the current electricity price.

EPC general contractor solution

EPC general contractor solution is a solution chosen by many businesses because it brings many benefits, including:

  • Save time and costs: Businesses do not need to worry about installation procedures and stages, the EPC contractor will perform all the work.
  • Ensuring system quality: EPC contractors will use high quality materials and equipment and install according to technical procedures.
  • Has a warranty and maintenance regime: The EPC contractor will provide a warranty and maintenance regime for the solar power system for a certain period of time.

PPA Energy Solutions

PPA energy solution is a suitable solution for businesses that need to save electricity costs. With this solution, businesses will not have to invest capital, but only need to sign an electricity purchase contract with investors at a more preferential price than the current electricity price.

However, businesses need to note that PPA energy solutions have a certain contract term. After the contract term expires, the business can buy back the solar power system from the investor at an agreed price.

VREnergy – Professional rooftop solar power installation unit for households, businesses, and investors

VREnergy, a leading unit in the field of installation and construction of solar power systems , is proud to be a reliable partner for households, businesses and investors. We not only provide green energy solutions, but also bring the most optimal experience with professional services and quality products.

Recognition of minimally effective recognition

With a team of experienced and highly specialized technicians, we are committed to providing effective, safe and durable solar power systems. Professionalism not only highlights the quality of our services but also creates peace of mind for customers in every aspect, from design, equipment selection to the installation process.

Whether a household needs to save energy, a business wants to reduce operating costs or an investor has a large project, VREnergy is committed to providing dedicated, flexible consulting and meeting all special requirements of customers. client.

VREnergy not only builds solar power systems, but also aims to build trust and sustainable partners in the journey of converting to clean and sustainable energy sources.