Tokyo will soon require domestic electricity companies to buy surplus solar power generated by households at about twice the current price.
“Japan has already led solar power technology in the world. With the scheme, we would like to firmly secure the lead.”
Japan’s utility companies now voluntarily buy surplus electricity from domestic solar panels. A bill will go to parliament to make buying mandatory for power companies at double the current price. Homeowners will be able to recover the initial cost of installing photovoltaic cell systems quicker and more homes will be encouraged to install solar panels.
Japan has pledged a 10-fold increase in solar power use by 2020 from today’s level and offer solar power systems at half the current price within four years.
Japan is badly behind in meeting its own targets under the Kyoto Protocol. With this new scheme, they will start catching up, or else.
Image courtesy of lcrf