Along with investments in transformational infrastructure, Government policy is to encourage individual consumers and businesses to invest in, and use, renewable energy, through fiscal incentives and policies including:
- Self-Generation: Self-generation is allowed as per Guyana’s legislation. Any consumer who wishes to interconnect their solar PV system into the public grids to eliminate the need for battery storage (solar PV on-grid) must submit an interconnection request and comply with the Interim Interconnection Requirements set by GPL. As part of the roof-top solar PV for Government buildings programme, about five megawatts were installed at 291 buildings across the ten Administrative Regions during the period 2012-2020.
- Grid Feed-In Mechanism: A grid feed-in mechanism is being advanced by GPL to establish the regulatory framework for consumers to supply excess energy to the grid, from renewable energy sources.
- Fiscal Incentives: Machinery and equipment imported for the purposes of generating and utilising renewable energy are eligible for Customs duty and Value-Added Tax Exemptions under existing laws. This includes solar panels, solar lamps, deep-cycle batteries, solar generators, solar water heaters, solar cookers, direct current (DC) solar refrigerators, direct current (DC) solar freezers, direct current (DC) solar air-conditioners, wind turbines, water turbines, and power inverters; and energy-efficient lighting, including compact fluorescent lamps and light-emitting diode (LED) lamps. There is also a one-off tax holiday of two years for corporation tax to importers of items for wind and solar energy investments.