Turkey's New Deal will activate the rooftop installed market

    Turkey was considered the most promising photovoltaic market in Europe two years ago, but the recession of the Turkish economy, the change in the photovoltaic policy pattern and the unsuccessful YEKA bidding have all destroyed the country ’s solar power plant development. Analysts said that if the new net measurement rules released in May 2020 will make solar energy attractive to businesses and households, then Turkey's rooftop photovoltaics will usher in vigorous development.

    According to the report of the Institute of Energy Economics and Financial Analysis (IEEFA), under the existing net metering system, the average payback period for rooftop photovoltaic power generation in Turkey is 16 years, but the new net metering policy will reduce the payback period for rooftop arrays by 11 years . According to the proposed reform measures: the elimination of 18% of equipment VAT, the elimination of fixed fees, loan subsidies, and the matching US $ 0.14 / kWh feed-in tariff will reduce the payback period of systems installed in 2020 to less than 7 years .

    It is reported that from the beginning of the currency collapse to the end of last year, Turkey's continued economic crisis led to a rapid increase in electricity prices month by month, with a cumulative increase of 61% in electricity prices. The Turkish Energy Market Regulatory Authority (EPDK) has announced that it will freeze further electricity price increases. Due to stagnant wages, if the economic benefits of the new net metering rules power subsidies are sufficient to attract consumers, then the prospects for rooftop photovoltaic installations in Turkey are bright.

    In addition, the government enacted energy storage regulations in April 2019, which are expected to take effect this year. Combining battery storage with rooftop solar energy allows households and businesses to meet more energy needs through on-site power generation. This is particularly important in Turkey, because Turkey ’s peak energy demand electricity price (between 5 and 10 pm) is 90% higher than during the day, giving consumers the opportunity to use their energy reserves during expensive peak hours and save more Electricity expenses.