Yesterday, I participated at the defence of one Master's theses concerning the regulation measure for solar energy in Brazil. The objective was to identify the main regulation barriers to develop solar energy, which one of the most important is the lack of an appropriate financial support mechanism.
Indeed, in Brazil there are already some support mechanisms as auctions for solar energy, net-metering and even some financial lines for the energy plants provided by BNDES (development bank). Yet, there is no any adequate financial line for the distributed generation. If I want to install the Photovoltaic (PV) panel on the roof of my home it will cost me around 20-30 thousand real (or $700-$1000) with the payback achieved in 10 years. There are some governmental banks, as Caixa that provides the credit lines for solar heaters and it's possible to take for PV energy, but still with very high-interest rates.
The work made by Helena Mian proposed the introduction of special financial incentive with the interest rates of 5% that could be adequate for the viability of solar energy in Brazil. However, when I talked with some of the financial sector representatives in Brazil and asked them about the possibility to open a special credit line, they were complaining about the lack of demand. They were saying that until the time when solar energy will be accessible for the majority of consumers they are unable to provide a special financial line for it. In other hand, we understand that without the adequate financial line for solar energy it will take long time before it will be accessible for a consumer.
Nevertheless, he agreed, that it would be possible to create a "consórcio" that is used very often in Brazil to finance concrete products as car or homes. Basically, it means that group of people who wants to buy the same product, without the immediate necessity to have it, make installment payments over a fixed period. A bank could create this consórcio specifically for the PV system, that will bring the financial costs down and become a more budget-friendly product.
Indeed, in Brazil there are already some support mechanisms as auctions for solar energy, net-metering and even some financial lines for the energy plants provided by BNDES (development bank). Yet, there is no any adequate financial line for the distributed generation. If I want to install the Photovoltaic (PV) panel on the roof of my home it will cost me around 20-30 thousand real (or $700-$1000) with the payback achieved in 10 years. There are some governmental banks, as Caixa that provides the credit lines for solar heaters and it's possible to take for PV energy, but still with very high-interest rates.
The work made by Helena Mian proposed the introduction of special financial incentive with the interest rates of 5% that could be adequate for the viability of solar energy in Brazil. However, when I talked with some of the financial sector representatives in Brazil and asked them about the possibility to open a special credit line, they were complaining about the lack of demand. They were saying that until the time when solar energy will be accessible for the majority of consumers they are unable to provide a special financial line for it. In other hand, we understand that without the adequate financial line for solar energy it will take long time before it will be accessible for a consumer.
Nevertheless, he agreed, that it would be possible to create a "consórcio" that is used very often in Brazil to finance concrete products as car or homes. Basically, it means that group of people who wants to buy the same product, without the immediate necessity to have it, make installment payments over a fixed period. A bank could create this consórcio specifically for the PV system, that will bring the financial costs down and become a more budget-friendly product.
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