12 February 2024
12
February 2024

The environmental and Economic Benefits to REnewable and Clean Energy Sources.

Solar energy is a renewable and clean energy source that has been gaining more and more popularity in Brazil. This is mainly due to its environmental and economic benefits.

The cost of installing a photovoltaic system varies depending on the power of the system, the type of equipment used, and the region of the country. In general, the initial investment can range from $15,000 to $50,000. However, it is important to note that the photovoltaic system has a lifespan of, on average, 25 years. This means that the return on investment is approximately 5 years.

In addition to the economic and environmental benefits, solar energy also offers tax benefits for Brazilian consumers.

  • Exemption from PIS/COFINS: solar energy injected into the distribution network is not taxed by PIS/COFINS.
  • Income Tax Deduction: the amount invested in a photovoltaic system can be deducted from Income Tax up to 100% within five years.
  • Property tax discount: some municipalities offer property tax discounts for properties with solar energy.

The cost-effectiveness of solar energy is quite positive. In general, the initial investment is recouped within a few years, and the economic, environmental, and tax benefits are significant.

Even so, you need an accounting firm that is up to your company to get the most out of it. So, count on the expertise of the Sox Consult team!


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