|Year:||1994 (Dec 13th)|
|Policy status:||In Force|
|Date Effective:||1994 (Dec 13th)|
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Taxes, Regulatory Instruments|
|Renewable Energy Policy Targets:||Multiple RE Sources, Power, Multiple RE Sources, Heating, Solar, Solar Thermal, Wind, Hydropower|
|Policy Sector:||Electricity, Heating and Cooling|
|Size of Plant Targeted:||Small and Large|
|Legal References:||Law 7447; Decree 25584 and Decree 8829 of 2010;|
|Renewable Energy Description:|
The Regulations on the Efficient Use of Energy encourages the development and use of renewable energy sources in Costa Rica. The regulation exempts equipment used for renewable energy from import duties and provides several tax exemptions (e.g. excise tax, ad valorem tax, general sales tax, specific customs tax). Tax exemptions cover equipment including PV panels, solar water heaters, and wind and hydro equipment for private electricity generation.
The law specifies additional mechanisms to support clean technologies and rational use of energy. Among others, it mandates large consumers (> 240 MWh/year) to develop energy plans that include energy efficiency and renewable energy options.
The law is regulated by Decree 25584, and Decree 8829 of 2010.
In order to view a full version of Costa Rica's Regulations on Regulations on the Efficient Use of Energy and tax incentives please click here.
Last modified: Wed, 08 Feb 2017 15:47:31 CET