Government to introduce solar battery concessions in 2027 budget, minister says
Summarised by AI from 2 articles
Minister Anura Karunathilaka told Parliament on 5 November 2026 that the 2027 Budget will reduce taxes on battery energy storage systems and offer incentives for new rooftop solar installations.
President Anura Kumara Dissanayake will announce the concession scheme when presenting the budget on 12 November.
The measures support government plans to add 1,762 megawatts of renewable capacity to the national grid between 2027 and 2029, including 1,392 megawatts of solar and 370 megawatts of wind power.
Opposition Parliamentarian Shanakiyan Rajaputhiran Rasamanickam questioned the targets, arguing that removing Net Metering and Net Accounting systems discouraged rooftop solar users. He added that tax concessions proposed in 2025 had still not been granted.
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How the story developed
- 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.
- EThe solar industry warned that new regulations threaten private investment and sector jobs.
