The government of Thailand is set to launch a series of tax incentives aimed at promoting the installation of solar rooftop systems, with the objective of reducing electricity costs for individuals and businesses alike.

According to Deputy Government Spokesperson Sasikarn Watthanachan, individuals will be eligible for personal income tax deductions of up to 200,000 baht when they install solar rooftop systems on their properties.

In addition to personal incentives, businesses and households will be permitted to deduct 1.5 times the cost of purchasing energy-saving equipment.

These initiatives are designed to significantly decrease national power usage, with the government projecting a reduction of over 30 billion units of electricity annually.

Furthermore, the measures are expected to cut imports of liquefied natural gas (LNG) by approximately 110 billion baht and reduce greenhouse gas emissions by more than 15 million tonnes.

The Thai government plans to submit a draft of the Solar Energy Promotion Act to the Cabinet within the next two weeks.

This legislation aims to bolster household power generation capabilities through solar energy.

As part of the initiative to lower the costs associated with solar installations, locally manufactured inverters are set to become available, which will further enhance the affordability of adopting solar technology.

This move is aligned with Thailand's broader objectives of increasing the use of renewable energy and addressing climate change challenges.