Tax incentives - Technology suppliers

Country: 
Barbados
Status: 
Implemented
Sector: 
Commercial/Industrial
Solar Photovoltaic: 

- Exempt from import duty (20%) and environmental levy (ad volarem levy of 0.75%-1%, depending on type of good and material of container)

Solar Thermal: 

- Exempt from import duty (20%) and environmental levy (ad volarem levy of 0.75%-1%, depending on type of good and material of container)

Wind (Onshore): 

- Exempt from import duty (20%) and environmental levy (ad volarem levy of 0.75%-1%, depending on type of good and material of container)

Biomass: 

- Exempt from import duty (20%) and environmental levy (ad volarem levy of 0.75%-1%, depending on type of good and material of container)

Waste-to-Energy: 

Net billing rate: short run avoided cost of generation plus a 15% premium Conditions: - Applicant must be a JPS (electric utility) customer - Applicant must not have any outstanding JPS bills - Applicant must own property where generation faclity is to be located or have owner's permission to install facility - Maximum 100 kW gross capacity - Application fee of JMD 10,000 - Applicant must furnish site layout, system & interconnection design/drawings - Impact study may be required - Generator responsible for interconnection infrastructure cost - Generator responsible for cost of meter - Duration of net billing agreement = 5 years (from 1st day of commercial operation)Net billing rate: short run avoided cost of generation plus a 15% premium Conditions: - Applicant must be a JPS (electric utility) customer - Applicant must not have any outstanding JPS bills - Applicant must own property where generation faclity is to be located or have owner's permission to install facility - Maximum 100 kW gross capacity - Application fee of JMD 10,000 - Applicant must furnish site layout, system & interconnection design/drawings - Impact study may be required - Generator responsible for interconnection infrastructure cost - Generator responsible for cost of meter - Duration of net billing agreement = 5 years (from 1st day of commercial operation)

Geothermal: 

- Exempt from import duty (20%) and environmental levy (ad volarem levy of 0.75%-1%, depending on type of good and material of container)

Sources: 

Fiscal Incentives Act, 1974. L.R.O. 1978 Fiscal Incentives CAP. 71A ss.3-4; Import duty exemption - Source: Barbados Customs Tariff, Part II B Item 87. Taken from Information taken from Barbados Investment and Development Corporation (BIDC): http://www.bidc.com/index.php?option=com_content&view=article&id=145:gre... Accessed 27/08/2012 Environmental levy - Source: Laws of Barbados. Chapter 70. Environmental Levy. L.R.O. 1997,Environmental Levy, CAP. 70. Available at: http://faolex.fao.org/docs/pdf/bar81092.pdfFiscal Incentives Act, 1974. L.R.O. 1978 Fiscal Incentives CAP. 71A ss.3-4; Import duty exemption - Source: Barbados Customs Tariff, Part II B Item 87. Taken from Information taken from Barbados Investment and Development Corporation (BIDC): http://www.bidc.com/index.php?option=com_content&view=article&id=145:gre... Accessed 27/08/2012 Environmental levy - Source: Laws of Barbados. Chapter 70. Environmental Levy. L.R.O. 1997,Environmental Levy, CAP. 70. Available at: http://faolex.fao.org/docs/pdf/bar81092.pdf