Japan Photovoltaic Expansion Center, J-PAC, released the latest data on the national residential PV rebate program. Considering the federal government ended the long-run rebate program at the end of March for good, the installation capacity in the first quarter of 2014 was just over 260 MW, almost 100 MW less than the same quarter in the previous year.
During the fiscal year 2013 (FY2013), the government provided a rebate of 20 yen/watt for the installed system cost below 400 yen/watt and 15 yen/watt for the system cost below 500 yen/watt and above 400 yen/watt.
According to J-PAC, the average system cost for retrofit systems was 414 yen/watt while that for new homes was 378 yen/watt. Compared to the same quarter in the previous year, the installed system price for retrofit systems came down by 10% and that for new homes was down by 9%.
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| Japan residential PV average system cost by quarter |
Although the program didn’t receive rush applications toward
the end of the fiscal year, over 1.3 GW worth of residential PV systems was
supported by the national rebate program during FY2013.
A big question is whether the Japanese residential PV market can continue growing without the capacity-based incentive moving-forward...