President proposes rooftop solar battery subsidies and tax cuts in 2027 budget
Summarised by AI from 4 articles
President Anura Kumara Dissanayake proposed subsidies and tax relief for residential rooftop solar battery storage while presenting the 2027 Budget in Parliament on 12 November 2026.
The government proposed allocating Rs. 3.5 billion to grant Rs. 25,000 per kilowatt of battery storage capacity for newly installed domestic rooftop systems, up to a maximum of Rs. 250,000 for 10 kilowatts.
Dissanayake also announced the removal of the 10 percent Port and Airport Development Levy imposed on imported solar batteries.
The tax removal reduces the price of a one-kilowatt battery by approximately Rs. 4,000 to Rs. 5,000 according to Economy Next, or approximately Rs. 4,000 according to Virakesari.
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How the story developed
- EසිதThis storyThe President proposed battery subsidies and tax cuts for residential solar systems in the budget.
- EMinister Anura Karunathilaka pledged revised payment schemes and new incentives for solar investors.
- EMP Shanakiyan Rasamanickam challenged the Minister regarding administrative delays and reduced incentives for solar applicants.
- EThe government announced upcoming budget concessions for home solar battery systems.
