Tax incentives - End-users

Country: 
Barbados
Status: 
Implemented
Sector: 
Residential
Solar Photovoltaic: 

- Businesses providing residential accommodation can claim, for tax deduction purposes, 50% of capital and installation costs of renewable eletricity systems for electricity production (whether new or in retrofit) (BIDC, 2012)

Wind (Onshore): 

- Businesses providing residential accommodation can claim, for tax deduction purposes, 50% of capital and installation costs of renewable eletricity systems for electricity production (whether new or in retrofit) (BIDC, 2012)

Biomass: 

- Businesses providing residential accommodation can claim, for tax deduction purposes, 50% of capital and installation costs of renewable eletricity systems for electricity production (whether new or in retrofit) (BIDC, 2012)

Waste-to-Energy: 

Capital and installation costs of renewable energy systems are tax deductible up to 20% over a period of 5 years (BIDC, 2012)

Geothermal: 

Capital and installation costs of renewable energy systems are tax deductible up to 20% over a period of 5 years (BIDC, 2012)

Sources: 

Barbados Income Tax Act. Available at: http://www.barbados.gov.bb/ird/docs/Income_Tax_Act_73.pdf#page=39;  BIDC (2012). Barbados Investment and Development Corporation: http://www.bidc.com/index.php?option=com_content&view=article&id=145:gre... Accessed 27/08/2012 Barbados Income Tax Act. Available at: http://www.barbados.gov.bb/ird/docs/Income_Tax_Act_73.pdf#page=39;  BIDC (2012). Barbados Investment and Development Corporation: http://www.bidc.com/index.php?option=com_content&view=article&id=145:gre... Accessed 27/08/2012