Published at Renewable Energy World:
Prior to launching a nationwide Feed-in tariff (FIT) program in 2019, Japan implemented various solar incentive schemes, including a Surplus PV generation Purchase program from residential solar photovoltaic (PV) owners.
The Japanese government launched this program in fall 2009 and required the nation’s large investor-owned utilities (IOUs) to purchase excess electricity from PV systems (below 10 kW) owned by homeowners at a fixed, premium rate of 48 yen/kWh (~54 US cents/kWh) for the duration of 10 years.
2019 marks the end for those who enrolled in this program 10 years ago.
According to the nation’s Ministry of Economy, Trade, and Industry (METI), by the end of this year, the IOUs will stop purchasing excess electricity from 2 GW worth of PV systems owned by 530,000 homes in Japan.
And that number will increase to over 1.65 million homes (or 6.7 GW of PV systems) by 2023... Read More Here